The process of accounting allows businesses to translate figures into a comprehensible statement about performance and profitability. A competent professional accountant in business forms an integral part of the company. These professionals use their skills and knowledge in order to complete the accounting task of the company. Businesses rely primarily on the accountasncy professionals as they assist with corporate strategy, offer advice and help businesses to decrease prices, enhance their top line and alleviate risks.
Bharti Jogia Sattar: The Leading Accountant and Financial Executive
Bharti is a well-known accountant and has been assisting companies and individuals related to the field of accounting for several decades now. Being an accountant, she says that businesses depend on accounting to track the flow of money. When the business makes a sale then it goes into the accounts and in case the sale is on credit, the accounts keep a note of the same. In case the customer takes too long to pay the bill, then the account will shows the same. This way the business can very easily keep a track of the cash flow into the account.
Bharti Jogia-Sattar says that usually in case of business accounting two basic statements is there- cash flow statement and income statement. While the cash flow statement can keep a track of the actual money that is coming into the company, on the other hand, income statement keeps a track on the expenses and revenue.
Mentioned below are some of the additional assistances that the accountant offers to the businesses:
- Accountants help to set up and design the accounting system so that yearend financial reporting will be easier.
- Accountants advise the business owner on deductions and how to separate the personal expenses from business expenses.
- Accountants help the business to understand financial statement and analyze the financial statements of the company.
- Accountants advise and guide the business owner through an audit.
A good accountant will always be on top of the altering laws and regulations and, more significantly, will know what would be the right option for a particular business.
Apart from all these, accountant helps businesses avoid law related issues. When tax time approaches, the financial matters, mostly for a large corporation, can become very much complicated. Accounting helps steer the business straight and keep it out of issues with the Internal Revenue Service. Companies that file financial statements with the federal government have to depend on accountants to keep them precise. It is important to note that filing with imprecise accounting is a legitimate disaster.
Bharti Jogia Sattar is a knowledgeable and well-qualified real estate accountant who is at presents working in FUSEFX, INC as a Chief Financial Officer or CFO. Before this, she has been associated with ADCO Products, Inc. as well. She has been in the industry for more than two decades now and has also developed her specialization in the field of real estate. Over the years she has been able to develop a strong customer base.