Competition on prices and delivery

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When getting acquainted with our new service, the managers of online stores had questions. All these questions can be combined into 3 large groups:

- Why do we need management accounting if we already have an accountant? Accounting is already being done!

It is important to understand that all accountant reports are strictly regulated by law. Accounting is conducted in the interests of external bodies, such as the Tax Inspectorate, the Pension Fund, banks, and is not focused on the manager. External users do not take into account the specifics of your industry, since only universal indicators applicable to any organization are important to them. Accordingly, the reports provided by the accountant are tailored to one template type. For the manager, they are inconvenient, irrelevant, and, moreover, do not reflect the real state of affairs in your business.

Owners of organizations aim to reduce the taxable base as much as possible. Because of this, a significant share of internal transactions must be chaotically accounted for separately from the main ones.

Accounting is done "posthumously". The accountant does not strive to promptly show all the information in the accounting, since he can conduct any operations "retroactively" upon receipt of documents. The state gives us up to 3 months to compile reports on the financial results of the organization. With such long terms, this will not be the most relevant information for making management decisions, right?

Accounting data is of little use for making management decisions. When conducting management accounting in an online store, Tactics focuses not only on the numbers that have occurred, but also on the implementation of current tasks and projected results.

An accountant is not an analyst. He is not interested in the organization's key bolivia whatsapp number database performance indicators growing. And he will not be able to answer which areas of your business are profitable and which are unprofitable and why. He does not monitor sales profitability, employee productivity, and does not predict cash gaps when performing any transactions.

So is accounting data enough to manage a business?
Should an accountant be involved in management accounting
This is not his task. The accountant's goal is to record documented transactions in strict accordance with the law. And management accounting, among other things, reflects data that should not leave any traces on paper at all. The accountant's task comes down to balancing between the interests of the owner to reduce the taxable base and correct accounting to minimize the risk of claims from regulatory authorities.