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ANALYSIS & OPTIMIZATION

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ANALYSIS & OPTIMIZATION

ANALYSIS

A company’s accounting may be improved by first analyzing the company’s accounting processes. During such analysis, we focus on studying the activities performed by our clients’ companies and review their core business processes, organizational structure, flow of information and documents. This enables us to identify the company’s accounting needs. Then we analyze the accounting processes existing in the company and identify the problem areas in need of improvement.

OPTIMIZATION

Once the analysis is completed, we set goals for optimization and plan actions for improvement. Optimization goals are dependent on the problem areas identified for a particular company. Based on our practice, such goals usually consist of the elimination of time gaps, the minimization of oral information and the establishment of control points.

sERVICES

ANALYSIS OF ACCOUNTING WORK

During our analytical work, we interview key employees, review the internal documents regulating the accounting department work, analyze the accounting database, assess the level of automation of accounting work, interview accounting staff and use other methods applicable to the particular case.

Non-exhaustive list of indicators of efficient accounting work:

Punctuality

Timely and proper performance of accounting tasks

Cost

Low (optimal) cost for accounting department functioning

Workload

Required number of employees with appropriate qualification

Urgency

Ability to carry out urgent tasks

Efficiency

Minimal time used for accounting processes;

Accuracey

Absence of errors leading to inefficient management or losses;

sERVICES

Optimization and improvement

The implementation of planned improvements entails deleting useless and ineffective types of work, as well as simplifying and standardizing processes, in particular:

Elimination

Manual routine work should be eliminated together with identified causes of errors

Simplifying

Complex processes and complicated formats for documents and reports need to be simplified;

Automation

Automation level should be increased and work methods standardized.

Consultation

Book a Consultation

An accountant is a great person to talk to about optimizing your business work flow. Contact us for a free consultation.