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To successfully run a business and be in control of your business, you need to have access to updated financial records, data, transactions, sales, profits, reports, and much more. This makes accounting an indispensable tool for any business that must thrive.
The importance of accounting in business management can never be over-emphasized; it is the tool that helps in keeping track of organizational revenue and expenditures and it also provides financial information to aid management in their decision-making.
Accounting practices usually produce three separate financial statements:
The income statement is an accounting instrument that provides profit and loss records.
The balance sheet is a financial instrument that provides details about the business's financial position with the date.
The cash flow statement is a financial instrument that provides financial records that correlate the income state and balance sheet. It captures a record of cash generated and spent over a period.
Maintaining up-to-date and clean financial records is essential for the success of any business, for reasons discussed as follows: Accurate evaluation of Business Performance The financial record provides insight into the financial status of your business. It is the financial tool for determining if the business is doing well or not, and it helps folks in managerial positions make important business decisions, such as business expansion, recruitment, retrenchment, and many others.
Ensures Statutory Compliance
Maintaining good financial records helps enhance legal compliance irrespective of changes in government personnel, government policies, rules, and regulations.
Facilitates Budget and Future Projections
The bedrock on which businesses thrive is a reasonable budget and future projections, both of which rely on updated and accurate financial reports.
Facilitates Filing of Financial Statements
Updated financial reports are required by all registered businesses in order to make their financial statements known to the Registrar of companies and for appropriate tax remittances to the necessary government agencies.
Accounting plays a critical and indispensable role in day-to-day business running, a function which is only made possible by the skills of professional accountants. The role of professional accountants in any business or organization can never be over-emphasized.
Freelancer is home to accounting professionals skilled in using the latest and most advanced accounting software. Post your projects on Freelancer and attract bids from leading professionals for your projects.
Executing your Accounting Projects
If you need professional freelance accountants to manage some accounting projects or tasks, it is important to engage a dedicated professional who pays great attention to details. Thankfully, you can get such highly skilled professional accountants on www.freelancer.com.
Why You Should Use Freelancer to Get Your Accounting Projects Executed
With the massive talent pool from around the globe on Freelancer.com, you can get professional Accountants to execute your accounting projects any day of the week, round the clock.
Methods of Engaging a Professional Accountant Remotely On Freelancer
You can get professional Accountants to help execute your accounting tasks on Freelancer using any of these methods:
• Posting a Direct Project (Direct Posting)
Direct Hiring – Searching the website for experts
1. Direct Posting
Directly posting your projects has its merits. Unlike contest hiring, where you have to wait for candidates to send in submissions for your work and wait till its end, you can engage professionals and decide within few minutes.
Direct Posting is a suitable method for engaging professional Accountants to execute accounting projects. Within minutes of posting your projects, you can entertain bids from hundreds of professionals for your project.
2. Contest Posting
Contest posting is a great way to crowdsource ideas. This method will help you get different opinions and you can choose the best idea possible as your winner at the end of the contest. You can also use this method to get freelancers for your projects.
3. Direct Hiring
Freelancer makes it possible to search the website for professionals, check their profiles, and hire directly. This process is simple: type the job description in the search box, press enter, and you will get the Freelancer list of professionals that matches the job description.
Freelancer also makes finding the best talent for your job easy. Please review the list of experts from your search, carefully review their profile individually and establish communication with any of your preferred choices.
Direct Hire, Direct Posting, or Contest Posting: Which method is best for engaging a professional accountant remotely?
You can use any of the methods indicated above to engage a professional to execute your accounting project on Freelancer.com. Whatever you choose, you can be sure of getting your projects done efficiently. However, Direct Posting is recommended for accounting projects.
How to Post a Direct Project
1. Create an Account
Launch www.freelancer.com, click on register, and within minutes you can access the platform.
2. Create A Profile For Your Project
When done with account creation, click on "Post a project" on your dashboard and fill in the required details.
3. Choose the Skills Marketplace
When filling out project information, remember to choose the marketplace where you want the project posted just as in the screenshot below:
The Bidding Process
A few minutes after posting, interested candidates will indicate interest in working on your project. Carefully review the profile of applicants and check their profiles to choose the one you like.
The Recruiter Upgrade
The Recruiter upgrade changes your job post from a regular job post that attracts random professionals to a premium mode that attracts the highest possible bids for your project. A simple click activates the process.
6. Enter Your Project Budget
The next step after creating your profile is to indicate your budget for the project.
Interview the applicants who showed interest in your offer. Choose a candidate assign the job but make sure you read up the reviews of the bidders first.
Creating Milestone Payments
The next phase to getting the project done is creating milestone payments. Not to worry, the milestone payment created will remain with Freelancer and will not be released to the expert until you click on “the release payment” yourself at the end of the project.
Direct Posting Considerations
After filling the project requirements, the next thing to do is post your project and wait for applicants. Make sure you choose the professional with the highest potential to get your projects done. This is an important step that plays an essential role in the success and achievement of your project.
Therefore, before choosing the Accountant of your choice, look out for these things:
Experience and Reviews
The first thing to do is to look at their past professional experience. Freelancer allows professionals to display a copy of their unobtrusive portfolio containing a list of previously completed projects, which can give you a clear understanding of who to consider for your project. Select the applicant that fits best.
Are the Reviews Good Enough?
Professionals may have a lot of finished work on their portfolio but the quality of their service is paramount. A look at the Freelancer’s profile shows the list of reviews for past executed jobs, and you will be able to count the number of five-star ratings the bidder got from past reviews. This gives a concise understanding of what to expect if you choose such a Freelancer.
Discuss Project Details
The next step is to use your list of experts to discuss possible information about your project, which includes an in-depth analysis of the details of each project.
4. Choosing The Preferred Candidate
After going through the previous steps, the last thing you need to do is choose a professional who meets the required standards and agrees with the procedures and conditions you have developed for the project. Once this is done, the work process can begin.
What’s the Next Thing to Do?
During the execution of your project, it would be best if you regularly communicate with the professional to know the progress of the project and any difficulties that the professional may have during the execution of the project.
Freelancer is the easy way to get projects done these days. Post your projects and attract bids from leading professionals for your projects. Get started today, signup and start posting your projects.