Accounting is a vital element in achieving positive results

Enzo Ribeiro, an accounting specialist, says it provides clear insight into finances and helps make strategic decisions, with the goal of keeping the business healthy.

Accounting is a key element for all entrepreneurs. It is a vital tool for financial planning, decision making and maintaining order in company finances. It is the science of studying and controlling a company’s assets, including recording all financial operations, as well as preparing reports and demonstrations that help employees assess a company’s financial health.

When it comes to entrepreneurship, accounting can be an invaluable tool for planning for the future of the business, as it helps set goals, monitor cash flow, identify opportunities to expand or reduce operations, and provide a clear view of the company’s finances. agency. For this reason, those who wish to enter the world of entrepreneurship need to have an independent, experienced and reliable team working in the accounting area.

Master in Controllership, Enzo Ribeiro highlights the importance of accounting for companies and cites some examples of what needs to be done in general. “Accounting is vital in any business. This includes preparing taxes and preparing financial statements and statements. Accurate and organized accounting helps avoid problems with regulatory bodies.”

Accounting is even more essential for business owners when we put it in numbers. According to Serasa Experian, 28% of micro and small businesses are in the red. Another relevant fact is a IBGE survey, which points out that 48% of Brazilian companies close their operations within three years for administrative, organizational and financial management problems.

“A ratio analysis can help identify areas where the company is spending a lot of money or where it can save money. This can include reducing operating costs, eliminating waste, or reviewing selling prices,” he says Enzo Ribeiro.

To be successful in entrepreneurship you need solid management and an experienced and reliable team to increase the chances of not entering these negative numbers. However, accounting goes beyond the financial issue and also indirectly helps the entrepreneur in other areas.

“One point we need to reinforce is that accounting is not only a financial activity, but also a communication tool. Accurate and well-designed accounting reports can help attract investors, business partners and customers. They provide a clear view of the financial health of the company.company, thus helping entrepreneurs”, reiterates Enzo Ribeiro.

Website: https://www.linkedin.com/in/enzo-ribeiro-370b7698/?originalSubdomain=br

Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.