When your business is growing, or, on the contrary, is facing difficult times, it is high time you called to the services of a chartered accountant. According to the Romanian definition of a chartered accountant (included in OG65/1994), this type of professional can assist you with the following activities: bookkeeping and accounting supervision, completing economical and financial analyses, running financial and accounting audits, handling various financial and accounting tasks in your company, completing attributions included in the censor mandate of trading companies, and offering specialist assistance with setting up and reorganizing trading companies among others.

Therefore, the accountant plays a vital role in a company, but how do you choose the one best suiting your needs and requirements? We have some suggestions for you:

Consider the area where they operate

Nowadays, it is possible to collaborate with a chartered accountant remotely – there are numerous communication means and cloud accounting software enables you to work together in real time, without having to transmit files via email or exchange information over the phone.

In case you deem it necessary to meet your accountant face-to-face several times, we advise you to choose an expert from your area. For instance, Integrum provides services in Iasi and nearby, but can also offer consultancy to clients from other parts of the country or abroad.

Check the accountant’s accreditation

In order to benefit from the best accountancy services in Romania, choose an accountant who is a CECCAR member (CECCAR stands for the Body of Chartered Accountants and Authorized Accountants in Romania). Advantages of collaborating with a CECCAR accountant include:

• The fact that chartered accountants, in the exercise of profession, are responsible from multiple points of view – disciplinary, administrative, civil, and criminal, according to the law;
• Continuous development of professional conduct and constant training;
• Following ethical principles without needing sanctions to do so;
• Assuming the responsibility of acting for the public interest;
• Meeting a set of criteria of a good chartered accountant, described in the “National ethical code of accounting professionals”, CECCAR Publishing House, Bucharest, 2011.

Referrals

If other professionals or companies have been satisfied with the services provided by the chartered accountant you plan to hire, you will probably be happy with their work as well. Sources of information on this topic include online reviews, testimonials, and, of course, word-of-mouth.

Their attitude towards work

It is easy to make the difference between someone who loves their work and someone who loathes Monday. How does the accountant speak about the services they provide? Are they enthusiastic and interested in their work, or are they constantly complaining about the difficulties of their profession? We think you already know what kind of professional you want to work with!

How experienced are they?

It is recommended to find out for how long the accountant has been working in the field and to check their professional experience. An experienced accountant will be able to understand the complexity of your company operations, so ask for their resume or better yet, look up their profile on LinkedIn, the largest professional network.

What kind of accounting software do they use?

Some clients prefer an accountant who is using the same type of software as their company, in order to avoid potential problems related to data exchange. However, by calling to Integrum, you won’t have to worry about this aspect. No matter what accounting program you are using, Integrum will be able to import your databases without errors or data losses.

Choose someone who is also a consultant

A good chartered accountant should also be an adviser. He or she should be able to do a lot more than bookkeeping; the benefits you should enjoy are reducing costs, having the support of a genuine business partner, being offered development ideas, and obtaining fresh and accurate information on the latest legislation changes that could affect your activity.

Use your intuition

Last but not the least you will want your chartered accountant to have the same style as you and to be compatible with you and your employees. It’s not just about their skills – you need to have the same view on business and to be able to connect at a professional level.

They say that we make a first impression of a new person within the first 90 seconds of meeting them – in your heart you have probably taken a decision after the first handshake. Now it’s time you used our advice to see if you are right about the accountant you are interviewing.

Accountancy has been used since the first half of the 19^th century to diagnose the society’s wellbeing along with the wealth of economic enterprises. Proper accounting has made it possible to assess income and expenses, thus obtaining an image of the future of a company and making it easier to determine the right development strategies.

Accountancy has a vital role in the effective management of a company because professionals in this field measure the net worth of an economic entity and contribute to the upward trend and the continuity of its operations. Good accounting employs a set of specific human resources which are responsible for collecting and processing data needed to manage and control activities in a company.

Accounting implies judging the past correctly, masterly guiding the present, and offering education and counseling for the entity’s future. In order to have such a perspective on business, one needs both theoretical training and experience. Keep on reading to discover some of the benefits of collaborating with a chartered accountant:

Saving money by avoiding unnecessary taxes

One of the roles of a good accountant is helping the company to avoid excessive taxation.  A specialist in this area will advise you on the type of organization you need to choose, on tax incentives, and on the benefits you can offer to employees without being burdened by taxes. Moreover, you will no longer have to read complicated documents and guides on taxation, while still worrying you have missed something – your accountant will take care of these matters and will be prepared for any problem that may arise.

Avoiding penalties

If good accountancy is not a priority for your business, don’t be surprised if you need to support penalties. A good accountant will maintain paperwork up to date, will keep track of tax deadlines, and will make sure you never exceed the deadline for any promise of payment.

Ideas on how to develop your business

An experienced accountant is a source of wisdom and know-how, constantly providing valuable ideas on how to develop your company. These professionals are familiar with the ins and outs of your business and are genuinely interested in helping you to succeed, because your success is their success too.

You can concentrate on your work

Nowadays, it is unthinkable of an entrepreneur to handle all the administrative aspects of their company. Time is a scarce resource for all of us and in many situations it is more effective to outsource some activities, such as accountancy, rather than reinventing the wheel all alone. Furthermore, the knowledge you need in order to ensure proper accounting for your company is quite vast, and only an experienced accountant can handle in a correct and efficient manner aspects such as taxation, bookkeeping, evaluating results, and many others. Instead of stealing time from your business, call to a specialist who can do the job fast while you can concentrate on running a successful company.

In the end, collaborating with a chartered accountant means that everyone is happily doing their job: the entrepreneur is spending his or her time looking for ways to increase business value, while the accountant is providing financial-accounting services and is using their proficiency to ensure the well-being of the enterprise and the prosperity of their client.

For many companies, consultants are the people behind the management. They are the ones to come up with solutions when a company’s managers find themselves in a standstill or need a new development direction.

Given that events taking place in one part of the world have more and more ample consequences on businesses and issues in other parts of the world, outsourcing financial-accounting operations becomes the perfect solution when you want to make the right decision for your business. Being provided with the correct information regarding any legal change related to taxes and accounting at a local and international level in due time can have a major influence in the way you design and build your business development plan.

A simple Google search using the keywords „accountant in Iasi” or „accounting consultant in Romania” will produce a large number of results. There are many companies which can assist you with bookkeeping or accounting expertise, but not all of them will be able to deliver services at the same level. On the other hand, choosing the right accounting consultant will have a major influence on your business and its operations. We believe that at Integrum you will enjoy the best accounting services for the following reasons: