By transferring part of accounting responsibilities the owner can solve a number of tasks simultaneously. He will receive fair skillful professionals who will quickly understand the specifics of accounting and activities of the firm.
Such services are popular in specific fields. For example, outsourced accounting of construction companies in Moscow as well as in cites that are actively developing, enjoys a stable demand.
This field is extremely difficult in terms of legal aspects as well as accounting, and shall cover all possible client's interests. It is regulated by a number of monitoring organizations. Thats why the price of incorrectness in accounting by insufficiently qualified personnel for business owners may be very high.
What is the difference among accounting in this field and in other fields and why the RosCo's outsource specialists can perform such tasks more effectively than regular employees?
First, because of composition of quality and economy. In many firms which performs outsourced accounting of construction companies, the cost of monthly service contract amounts proximately to the salary of one regular employee.
When the volume of work increases (this is one of the features of construction industry) there is no need to hire additional workers, RosСo's specialists will easily scale it.
Furthermore, the mistakes made by one incapable staff worker can lead to penalties and interruption of construction works, that is critical for business.
Aspects of construction industry with regard to accounting
There are three types of companies in construction — Customer company, subcontractors and investors. Especially, outsourcing is useful for the second group.
Necessity to form accounting policy and rely on guidelines and other regulations makes accounting very difficult.
The price for clients, who wants to outsource accounting of construction companies, is based on performance of following services:
- Assistance for developers in the creation of separate subdivisions - this can be other cities, regions, but it is necessary to register each unit in the IFTS;
- Accurate, correct and flawless execution of initial documents, including КС-2 and КС-3 forms.
- Regular inventory of construction companies' property, including measurements, calculations and other;
- Special accounting procedures for fixed assets, costs and expenditures of each facility, as well as reflection in the unfinished construction registers.