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  • Great experience working with you to gain clarity of what needs changing in my business. Stephen Jordan Access to Africa - 25 August 2011, Marketing Module

Accounting

The Importance of Accounting

The accounting function is one of the most important in the enterprise, after all it is often said that you can’t manage what you don’t measure and accounting allows senior management to judge, at a glance how successful their current strategy is and what changes need to be made to a variety of different inputs so that profit is maximised and expenditure is minimised. To be of maximum use to the organisation the accounting function relies heavily on degreed professionals to interpret and input the figures that give shape to the financial position of the company. However these professionals are only as good as the information that they receive so often larger companies make use of specialised software which allows regional operations to supply figures in a standard and highly structured manner. This semi automates the accounting function, making the inputs easier to organise and the outputs easier to understand since they are presented in a standard format and in many cases in a format that can be understood by even the non accountant, providing a minimal level of training has been supplied.

In the case of smaller businesses the decision is often taken to outsource the accounting function. This makes good business sense as the establishment of a dedicated accounting or finance department is often a costly exercise.

If the decision is taken to outsource the accounting function it is absolutely essential that the organisation ensure that it is dealing with professionals. Always make sure that the accounting professionals that you are outsourcing to have the requisite qualifications and are registered with the appropriate professional bodies. Asking for references from clients in a similar business environment would also be a good idea.

If you need assistance or advice as regards your accounting function, deal with the professionals, contact us and we’ll structure an accounting solution that will suit your business.

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  • Great experience working with you to gain clarity of what needs changing in my business. Stephen Jordan Access to Africa - 25 August 2011, Marketing Module

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  • 3rd Floor, 132 Jan Smuts Avenue, Rosebank,
  • Johannesburg, Gauteng, South Africa
  • Tel: +27 (0) 11 447 5575
  • Email: enquiries@aurik.co.za

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