Why the company is better
Diversity of competencies
Accounting firms employ specialists from various fields, offering a wide range of services. This enables faster and more efficient solutions to complex financial issues. Unlike an individual accountant, a team can consult with each other and provide optimal solutions. The client benefits not from the experience of just one person but from the entire team. This ensures higher-quality service delivery.
Ensuring accountability
Professional Liability Insurance and Risk Management: Accounting firms are typically insured against errors and liability, ensuring that any financial losses resulting from incorrect services are covered. In contrast, individual accountants rarely carry such insurance, which can expose clients to potential financial risks in case of mistakes. Firms implement strict error prevention measures, conduct internal audits, and follow rigorous compliance protocols, providing an added layer of security and reliability for their clients.
Modern technologies
Cutting-Edge Technology and Process Automation: Accounting firms invest in the latest technologies and software solutions, enabling process automation, reducing the risk of errors, and improving efficiency. In contrast, an individual accountant may lack the financial resources to access advanced accounting software. By choosing a firm, clients benefit from secure data management, faster report generation, and real-time financial analysis, ensuring accuracy and compliance.
Service availability
Reliable Service and Continuous Availability: Accounting firms have multiple teams, ensuring that services remain available at all times. Unlike an individual accountant, who may face work disruptions due to illness or vacation, firms structure their processes to prevent any employee’s absence from affecting clients. This is especially crucial for handling urgent financial matters, providing businesses with uninterrupted support and a dedicated team they can always rely on.
| Accountant for hire | Expenses | Expenses | Accounting services company |
|---|---|---|---|
| A fixed monthly salary (for example, if you pay an accountant a net salary of €900 per month, the total cost of their employment will be...) | 1326 Eur. | 900 Eur. | Paid based on an agreed monthly fee or a variable rate. If you agree on a €900 monthly fee, it will cost you... |
| Costs for setting up, maintaining, and updating the workspace | YES | NO | The workplace is in an accounting service company and does not incur any cost for the client |
| Issues related to the accountant's vacation | YES | NO | Several specialists work at the accounting service company. In case of vacation, another specialist takes over. |
| Sending the accountant to qualification improvement courses | YES | NO | These matters are handled by the accounting service company and do not incur additional costs for the client. |
| Providing bonuses and other motivational incentives | YES | NO | These matters are handled by the accounting service company and do not incur additional costs for the client. |
| Consultations with a team of accounting specialists | NO | YES | The accounting company employs a team of experts who can solve any complex task when needed |
| Expenses for expensive accounting software | YES | NO | The accounting software is provided and maintained by the service provider at no cost to the client |
| Fear of tax inspections | YES | NO | The accounting company employs experienced specialists for whom audits and inspections are nothing to worry about |
| Damage not compensated or only partially deducted from salary | YES | NO | Any damage caused to the client is compensated according to the terms of the contract and insurance |
From the first step to stable business growth
Book a consultation at a convenient time and discover how our accounting services can help ensure sustainable financial growth.