The Importance of Consulting for Modern Business
In today's fast-paced business environment, it is crucial for every enterprise to effectively manage its finances and taxation to ensure compliance with legislation and the ability to quickly adapt to changes. Ukrainian legislation is constantly evolving. A company specialist who only deals with accounting and has one company as a reference may not always handle all complex situations efficiently or keep up with legislative changes. Additionally, some businesses may not have the need or capacity to employ a full-time in-house specialist.This is where outsourcing consulting companies come into play. Their staff have extensive experience across various industries and have encountered numerous challenging situations. Therefore, consulting company specialists are highly competent and continually enhance their skills on the job.
The "NexConsult" Team of Experts
The experts at BUREAU, which provides consulting services to companies and organizations in Kyiv and Ukraine, are a team of specialists with over 15 years of experience in various fields of accounting and tax services.Services Offered by NexConsult
Management Accounting: This involves collecting and analyzing current data from the enterprise. It helps managers monitor financial results and obtain necessary information. This enables the owner to plan budgeting and make informed management decisions based on specific dashboards and current data.Modern businesses increasingly opt for management consulting by partnering with consulting agencies for these reasons.
The management accounting service includes several components:
Analysis of all business processes. Setting up and building the company's accounting policy. Automation of management accounting. Training all employees to use the software. We handle both large projects from start to finish and partial stages of projects. The cost of consulting services depends on the scope of work and is determined according to the price list.
Accounting Consulting: This service provides professional assistance to enterprises on accounting matters to optimize the company's financial activity taxation. It includes:
Accounting for specific areas or the entire enterprise. Consultation on tax legislation. Verification of primary documentation and control of accurate recording of business transactions. Preparation and submission of financial statements in accordance with Ukrainian standards. Calculation and payment of salaries. Assistance in selecting accountants for the enterprise. This service helps reduce the costs of maintaining an in-house accounting department by outsourcing all accounting processes, allowing the business to focus on core tasks.
Before starting cooperation, NexConsult provides a price list and discusses rates with the business owner, signing a contract that guarantees accountability for timely performance. Our accounting consulting guarantees safety for clients, as unlike in-house employees, we bear legal responsibility towards them.
Outsourced Economist: This is a new service we introduced in response to client requests.
Companies that have implemented management accounting often need a qualified specialist to promptly record transactions and generate reports. Finding such a specialist can be challenging due to the scarcity of qualified finance professionals. Additionally, some companies may not have sufficient workload to justify a full-time economist.
The consulting firm will take on the functions of an economist. Outsourced specialist services include:
Handling primary documentation. Recording accounting transactions. Managing cash and bank transactions. Monitoring accounts receivable and payable. Consulting on key reports: cash flow, income and expenses, balance sheet. Audit: Our audit is an initiative audit.
The company itself initiates the audit, which is requested when:
The company expects an inspection. There is a change in personnel and the owner wants to understand the company's situation. Financial statements need verification. Potential problems or risks need identification. At the owner's request, we conduct an audit and provide all necessary data, along with recommendations and consultation on preventing fines, correcting inaccuracies, and safeguarding the enterprise.
In the event of a critical situation, our team notifies the owner, allowing them to make necessary management decisions.
Why Choose Us?
Our key advantage is an individual approach to each client and a high level of professionalism among our specialists.We address each request and tailor a service package to each customer. This could be a combination of existing services or a custom-developed package. We always offer a working arrangement that suits the client in terms of cost, workload, and individual requirements. Consulting service rates are calculated after analyzing the firm's condition.
We offer a wide range of services, enabling our clients to transition from one status to another. They might purchase one service and subsequently close another. From the start, we listen to all client questions, study their situation, and document it. Then, we provide recommendations and tools for developing and automating necessary financial processes.
Order Consulting Services at NexConsult You can order consulting services at NexConsult and explore the full range of support directions on our website.
Success Story Hipsters Coffee Roastery: Specializes in coffee roasting and sales since 2014.
Request: Full implementation of management accounting based on BIMP software to manage inventory, form product and roasting service costs, maintain pricing calculation base, control accounts receivable and payable, and manage loan calculations.
Result: All business processes were built into the software, providing accessible and accurate information on dealings with counterparties and established cost prices. The primary request for correct pricing considering company expenses was fulfilled. The owner can now monitor company income and expenses and adjust prices timely.
As a result of successful implementation and setup of management accounting, the company entrusted us with full accounting services as an outsourced economist.
