The Accountable Accountant:- Executive search and training services

The burning issue:-

As a business owner or concerned person you might have faced this issue, i.e. finding a reliable and knowledgeable Accountant. After hiring and working with a new accountant for 6 months or so your CA may have discovered the person don’t know the accounting properly. However by the time you know it accounts of your company is in complete mess.

Then you have to go through all the pain full activity of hiring and training the accountant all over again. However you can do the same mistake again i.e. Hiring a wrong accountant.  We will tell you the core issue herewith

You generally hire accountant considering these points

Belief: – Accountant has experience in similar company, so he can work here as well.

Actual Fact: – You don’t know whether the company follow the same accounting process or the person has really handled complete accounting or was just working as a junior accountant handling only sales and purchase entries. Most of the time you trust what the person says and don’t bother to take a technical test. Most of the time a personal interview is considered sufficient, but for an important post line accountant it is not. You really need to check his working knowledge, which can be only done if you engage someone who knows practical aspects of accounting.

Belief: – The Accountant has worked two year with a Chartered Accountant firm, he must be expert by now in accounts and taxation.

Actual Facts: – Working in a CA firm is not a certificate of perfection, in fact you will surprised to know many young students’ work is CA firm just to get that tag. However the actual situation is that most of them have very limited knowledge and most of time involve in daily repetitive sales purchase data entry or vouching the documents, Most of time the finalization is done by CA themselves and hence they are not aware of full process of accounting and taxation. Blindly believing on CA firm tag will leave your company accounts in very messy conditions. The actual process needs an experienced CA to understand the kind of work done and understand the level of practical knowledge that candidate has gained.

Belief 3:-  Hiring from training institute is safe as they train them thoroughly.

The Fact:- The most of institutes training is good for nothing, they just let them go through theory, but where is practical exposure? Same like our colleges the rote learning doesn’t work when practical exposure is required. We have conducted many interviews with such institute their trainee answer the theory but when we ask them to pass the entry or do the calculation they just go blank.

Where you go wrong?

Accounting is a specialized profession, when hiring an accountant there should be a professional who understand in and out of that. The point or fault is that for a small company or a company, which doesn’t have person with deep accounting knowledge, Generally owner himself or a person from HR takes interview. Now the problem is that when interviewers itself don’t understand the practicality how they can judge the candidate? They simply ask some theoretical questions and check their resume for related work experience or CA firm tag and hire the person.

The correct process?

At AKT Associates our hiring process especially the interview involves a technical test and an interview with an experienced CA, Followed by a 5 days training to provide brush up knowledge and working framework. We look if candidate has their basics correct and they have done the work they claiming to be done.

Our Process is slightly lengthy but it rarely goes wrong.

Why it is important to hire Accountable Accountant?

Accounting system is central nervous system of your business, which tell you what is correct and where it is going wrong. To work it efficiently you need to feed the data properly and for that you need someone who can do it properly. An early detection of losses or leakage of revenue can save your business and help you to take timely action. It will also help you to file your return properly saving you from costly notices, and penalties.

Why engaging a profession to find a professional accountant is best financial decision for your company?

Just compare the cost and you will come to know the financial impact.

Cost of hiring a wrong accountant

• Time wasted in hiring
• Salary paid for no of months where no actual work is done
• Cost of rehiring and training
• Cost to be paid to CA to correct your messy accounts.
  
  

Even on a conservative scale it wont be less then 1 Lakh Rs plus your precious time.

Cost of Engaging AKT Associates

Just one Time payment of Rs/- 15000 and you get

• One Proper Accountant duly trained for 5 days as per your companies requirement
• 3 months Replacement promise
• 1 Month full support to accountant

The Accountable Accountant:- Accounts Executive search and training services

What it include

It include following activities: –

• Finding Accountant as per requirement of business enterprise
• Conducting tests and interviews
• 5 days training on accounting and taxation
• Training involves passing entry; maintain data, preparing MIS (If any), Sending data to CA for tax and GST return filing.
• 1 month support on accounting and taxation
• 3 month no cost replacement promise.

What it does not include: –

• Training to file any type of tax return such as GST return, TDS return or IT return.
• Internal audit

How much is the fees?

We charge one month’s accountant salary or Rs/- 15000/- whichever is more. 50% need to be paid in advance and balance before we start 5 days training.

How much time you take to find accountant?

We take 15 working days. There will be complete refund if we can’t find accountant within that period. To find a replacement we need 15-20 working days.

What are the situations under which Accountant replacement will not be given?

• Candidate left due to
• Salary was not being paid on time.
• The profile offered was completely different.
• Continuous work pressure or extension.
• Abusive or non-professional behavior of owner or seniors.