Accounting Consulting: definition, service features

The activities of any enterprise are associated not only directly with the production of goods, the provision of services and the performance of work. The leader has to solve a complex of organizational and managerial tasks.

accounting consulting

Not every enterprise has the means to support specialists in legal, accounting, investment and other matters. In such situations, consulting companies come to the rescue . Accounting consulting is today considered one of the promising areas in business. Let us further consider what it is.

General information

Consulting - a set of measures for advising management personnel and other employees on various issues. It includes analytics, research on the prospects for the development of the company, the study of the resources and reserves of the organization.

There are quite a few companies in the market that deal with business processes. The need to address them can be due to various reasons. For example, accounting consulting services are in demand if there is no specialist or reporting department in the enterprise.

Historical reference

Companies engaged in accounting and consulting in Russia began to appear at the end of the last century. This was due to changes that occurred not only in the economic, but also in the political system of the country. In the early 1990s, about 20 consulting companies operated in the Russian Federation.

accounting consulting

With the transition to a market economic model, consulting services have become very popular. Moreover, their quality has improved significantly. Of course, competition has increased; foreign firms appeared on the domestic market. In an effort to preserve their place in the market, domestic companies began to actively improve their activities. As a result, the sphere of consulting services has moved to a qualitatively new level.

Company profile

Firms providing consulting services are consultants of the enterprise on the most relevant issues for him. It is worth saying that these companies are not responsible for the actions that the organization’s management will take based on recommendations.

Areas of activity

In general, the following areas of work of consulting firms can be identified:

  • Assistance in solving managerial and organizational issues in problem areas.
  • Counseling.
  • Planning of administrative activities.

There are several principles that guide consulting companies:

  • The use of evidence-based information.
  • Active use of information technology in their activities.

Specialists of a consulting firm can offer their idea if it helps to solve a problem that arose at the customer.

accounting consulting

Classification

It is carried out depending on the area in which the assistance of a consulting company is needed. The range of services of modern companies is quite wide. In this case, the client can choose either one or several of them. In addition, it is possible to take advantage of the full range of work.

For example, it can be accounting, auditing and consulting . In this case, the consulting company is engaged in maintaining documentation, its analysis and consulting on reporting issues.

A close direction is financial consulting. It may include various services. As a rule, a consulting company conducts an audit, identifies problems, determines prospects, formulates recommendations for the manager on profitable investment, measures aimed at strengthening the financial position of the enterprise.

In addition, there are consulting:

  • Managerial.
  • Personnel.
  • Investment.
  • Expert.
  • Educational.

accounting and tax consulting

Accounting and tax consulting

Its goal is not only to increase the efficiency of accounting for business transactions at the enterprise, but also to control the correctness of their reflection.

As a rule, highly qualified specialists are engaged in accounting consulting . The need to contact them is due to the fact that the current legislation on accounting, taxes, payroll is quite voluminous. At the same time, corrections are constantly taking place, for which the management of the enterprise does not always have time to track. In addition, there are many gaps in the current legislation, and it is sometimes difficult for a layman to sort out any contentious issues.

Accounting audit and consulting are popular services in the market. Not every leader is ready to spend his time and energy on understanding the provisions of the PBU or the Tax Code. At the same time, finding a good accountant can be quite problematic.

Firms engaged in accounting consulting help solve pressing issues related to accounting. In addition, they can recommend a specialist who is trustworthy.

accounting audit consulting

Accounting consulting is not just consulting. It involves a detailed analysis of issues related to reporting, with links to existing legislation. It is important for a consulting company that the customer understands the information so that he receives reasonable and comprehensive answers to his questions.

Particular attention is paid to tax issues. As you know, violations of the Tax Code entail liability. However, quite often business entities commit unlawful actions because of the banal ignorance of the intricacies of the legislation. Consulting companies help to prevent problems and solve existing ones.

Directions

Accounting consulting includes:

  • Registration at the IFTS.
  • Reporting, including on special regimes.
  • Accounting restoration.
  • Tax optimization.
  • Reporting (tax, accounting).
  • The solution of accounting issues, including the maintenance of the accounting department at the enterprise.
  • Verification of compliance with legislation when conducting business operations, analysis of their feasibility.
  • Monitoring the availability and movement of property, the use of financial, labor resources.
  • Evaluation of the correctness and timeliness of settlements with suppliers and other contractors, with salary workers, with a budget for fees / taxes.
  • Advice on reporting under IFRS.

In addition, the consulting company’s specialists can analyze the correctness of accounting in the 1C automated system.

company accounting consulting

Start of interaction

As you can see, consulting companies solve quite complex problems. Accordingly, specialists must possess the necessary qualifications, experience, and knowledge. Choosing the right company is quite difficult. Experts recommend consulting with business partners who have already applied to such firms.

Interaction with a consulting company begins with initial consulting. According to its results, a contract is concluded. The parties to the document establish:

  • Dates in which consulting services will be provided.
  • Enumeration of events.
  • Size, payment procedure.
  • Obligations of the parties to the transaction.
  • The conditions under which the amount of remuneration may change.
  • The procedure for termination of the contract, including early.

The contract may be concluded for a short or long period. This will depend on the nature and complexity of the problem.

Work process

After signing the contract, the collection of information necessary for the effective solution of the task begins. At this stage, the consulting firm must assess the severity of the problem.

At the next stage, a solution is developed. This stage of work can be considered the main one. The tasks of specialists include drawing up a plan to effectively solve the problem. In this case, as a rule, several options are formed, from which the most effective and economical one is selected.

accounting audit consulting

The next stage is the implementation of the decision and monitoring the implementation of the plan. Employees of a consulting company or employees of a customer company can monitor the accuracy of compliance with the plan. In the latter case, employees of the organization are trained.

Score

It is worth saying that it is far from always possible immediately after the completion of events to evaluate their effectiveness. Quite often, it is necessary for some time to pass. However, in any case, the head will be engaged in the debriefing together with the employees of the consulting company.

If production indicators have increased, the profit of the enterprise has increased, the final settlement is made with the contractor.

Source: https://habr.com/ru/post/G32065/


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