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Give advice to the owners who opened their companies and start business without accountant or financial management existed?

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Question added by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials
Date Posted: 2016/08/11
Kapil Rajyaguru
by Kapil Rajyaguru , Manager - Tendering and Projects , Al Jazeera Investment

As someone who has been through this for about 1 year, I believe the best resource to manage the financial and accounting side of things is to try and use technology and automation.

All this while being efficient and leaving yourself with enough time to do the core business.

 

I currently use the online accounting and inventory management service provided by Xero. In a nutshell, it is an accounting package that links everything to inventory. Reports on inventory, cash flow statements, balance sheets, inventory reports, bank reconciliation are all available. Everything is trackable and interlinked.

 

www.xero.com

 

 

 

Naveed Iqbal
by Naveed Iqbal , Senior Accountant , Hamdan AL Shamsi Lawyer & Legal Consultants

Accountant is wanted by every business which deal in financial transactions. Accountant is a driver of abusiness core operational activities. In the reference of above question, Owners must hire accountant as he can manage date in will-organized, Well-presentable, Well-measureable form. Business will be in great risk in the absence of a qualified accountant who can measure the business transactions.

 

Deleted user
by Deleted user

Try accounting reday to use programmes

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