Myths About
Accounting Services

It's said that the efficient operation of a business is reflected in the choice of high-performance accounting services, because the accounting specialist is the one who keeps the pulse, maintains records, makes the necessary calculations and ensures that the entire business has economic transparency in front of the legislator who imposes laws and mandatory administrative acts.

As in any other field, certain myths related to accounting have crept in here too, but we'll try, in this article, to debunk them.

Myth №1 - Accounting services are too expensive

The first response is that the fine is just as expensive, and to avoid penalties for defective accounting in an LLC, for example, it's better to hire a company that keeps your records up to date. Obviously, there are now a multitude of accessible options for both large companies and startups.

For example, at Ducont we use the Elemento software with access to a Cloud that allows rapid and secure reception and storage of information, saving our clients' time and giving them access to their company information from anywhere in the world.

Additionally, accessing a team of professionals is a long-term investment that pays off quickly.

Myth №2 - Startups don't need accounting services

This is similar to the phrase "A baby doesn't need a doctor". In reality, small businesses have a stringent need for quality services in this segment, because it helps them get their processes on track right from the start and easily comply with the legal fiscal framework, as we all know "It's better to learn correctly from the beginning, because correcting and learning again is much harder".

Myth №3 - Better software than an accountant

Digitalization is a process that almost all functional segments of the national economy adhere to, and obviously, the presence of accounting software is an advantage, but practice demonstrates that they cannot at all replace the experience and expertise of a specialist, who:

• Models different scenarios.
• Creates connections between the most different national and international legislative frameworks.
• Analyzes information skeptically and detects errors that a program could in no way detect.

Myth №4 - The accountant cannot provide tax consulting

On the contrary, the accountant is the most indicated specialist to provide you with these legislative details. They not only know the legal framework, but also its changes, all the inherent mechanisms for correct application of executive and legislative decisions.

Myth №5 - The accountant only makes tax reports

Fortunately, accounting is a field that covers a vast area, from financial planning and tax records to audit.

Myth №6 - The entrepreneur can handle their accounting alone

They certainly can do it, if they are also, in turn, an accountant, but what do we do with the actual development of the business? When should they reserve time for developing their business? if they constantly have to keep up with legislative changes and monthly accounting routine.

Choose the accounting services offered by company Ducont and focus on developing your business.