Accounting is a method of structuring the financial data of a company. In other words, it is a method of providing a continuous, real-time overview of the company’s financial status. It is constitued of a set of tools that allow us to observe the evolution of a company’s economy. It also makes it possible to determine the exact amount of taxes that a company should pay. Keeping clear and uncluttered accounts is also vital to a successful business. The company manager needs to know the financial situation in real time in order to be prepared for any eventuality and to be able to take the necessary decisions.
The type of accounting of a company depends on many parameters such as its size or its type of activity. An accounting period is carried out during a year which is also called the accounting year. This period corresponds to a calendar year which starts on January 1 and ends on December 31. During this period, the company records all its economic and commercial transactions in its accounts. If the company has just opened its doors, there are two possibilities, it can either :
Bookkeeping can be assigned to permanent in-house staff or to an external consultant such as a trust officer. The use of external staff depends on the size of the financial movements, but also to ensure a clear differentiation between administrative and financial tasks. Therefore, each manager will pay more attention to the two aspects that are very linked and dependent.
In order to have reliable accounting and financial data, accounting must be assigned to a person whose skills are seriously checked. For more security, the recruitment of the accountant should have obtained the approval of the members of the Geneva Order of the Fiduciary Chamber. His performance will then be defined according to his skills and qualifications.
For your information, the use of a fiduciary agent is done for a fee of
Corporations and Limited Liability Companies may use fiduciary agents for a fee: :
The services are fixed in relation to the workload assigned to the provider, the deliverables requested during the interventions, but also the size of the company. You will find our competitive offers below.
The missions most commonly requested from a service provider are often the keeping of the accounts, the closing of the accounts, the accounting of the social charges, the accounting of the VAT, the dashboards, the intermediate situations and advice of good accounting management.
The scope connotes the number of useful and necessary entries and the field of intervention of the company, the more complex the sector of activity the higher the service will be.
The original physical and digital accounting records must remain available for 10 years after posting according to the standards required by Article 962 of the Accounting Law.
You will find below several pages of advice on the main principles of accounting inSwitzerland.
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