The fundamental goal of businesses is to achieve the highest profit with the lowest cost. This balance is achieved through more than sales. It is also necessary for companies to use and manage their resources correctly to reduce their expenses. To illustrate, a business with 3 billion dollars can generate interest income by investing this money in various terms. This capital can be increased with interest income and investments in foreign trade and precious metals or stock trading. There are many tracks to invest money. Financial consultants come into play in choosing the most profitable way to evaluate possessed resources and develop a long-term strategy.
Accounting And Financial Consultancy
An accountant and a financial advisor perform different jobs; however, they have some areas of collaboration. In our country, companies can track their income and expenses through accounting based on a standard chart of accounts. Thanks to the standard chart of accounts, which was developed for all companies to use the same system and for easier control, a sole proprietorship or a multinational holding can also control its income and expense balance. However, the standard chart of accounts needs to be revised for processing data into the analysis. Essential business processes include reconciliations required at the beginning, during, and end of the month, quarterly reconciliations, salary payments and tracking social benefits, inventory entry and control, and overseas and free zone billing and processing into the system require expertise. Errors made in these processes result in not only financial losses but also penalties for any non-compliance with regulations. Moreover, the fines for crimes such as issuing fake invoices and tax evasion are imprisonment. Therefore, these accounts should be entrusted to reliable and qualified professionals.
At SUN&SUN Consulting, our financial and accounting advisors have been protecting your capital, controlling the return of money within your company, and assisting your company in fulfilling its responsibilities to the government for over 20 years. Our expert financial advisors also help you access the credit and credit-based products that your business needs faster and at lower interest rates.
If you are looking for a reliable partner to increase the value of your money, you can contact us now!