Do You Need an Accountant for a Start-up Company?

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Do You Need an Accountant for a Start-up Company?
Nilesh Khonde, Member
What do you think about the importance of appointing an accountant in the starting phase of a business?
If a business is hardly in the position to bear an accountant load, what can be taken care of by the entrepreneur?
Please give your valuable suggestions, thank you.

The Accountant is a Key Figure for Start-ups
Antonella, Member
The accountant is a key figure in any company. Well maintained accounting provides information to generate forecasts, and it provides data for ex-post analysis of variances.
The accountant isn't in charge just to file and account docs, (s)he is in charge also to build up the accounting structure, to create financial reports, to ensure tax and accounting fulfillment on time, to check all collecting money, to fix a timetable of vendors, to handle the cash-flow, to interact with many institutions, to support the management on taxes and financial issues. The accountant must be up to date on tax news… and so on.
The entrepreneur on the other hand is focused on the business, and is busy to create the organizational structure, and to handle a great quantity of information in order to find business opportunities.
Anyway, if the entrepreneur has a solid economical and accounting knowledge, and has already a good staff to delegate, (s)he can follow directly the administrative and financial issues.



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