Accounting: Your strategic partner in the day-to-day running of your business

Imagine you're the captain of a ship, but without a compass. Leading a business without clear accounting can feel the same. The monthly closing – that moment when all financial transactions of the month are reviewed and finalized – is a critical point, often associated with stress and uncertainty. It's the time where you see whether your company is on course or if adjustments are necessary. It's essential to understand that accurate accounting is the navigation system for your business.

Why is accounting so important?

You might have heard the saying before: “Accounting is the heart of every business.” And for good reason! Not only does it provide you with a clear overview of your finances, but it also helps you comply with legal requirements and make strategic decisions. In short, it is the foundation of your business success.

Accounting in theory & practice

Many entrepreneurs choose to outsource their accounting to a tax consulting firm early on. But even the search for a suitable tax consulting firm can become a challenge itself, especially for English-speaking founders. Once the firm is found, it often becomes apparent that due to their high workload and a large number of clients from various industries, they may not always have the time for in-depth consultation.

As a result, many turn to accounting software, which may seem less cost-intensive and time-saving at first. But beware: errors can easily creep in, and the individual requirements of each business may not always be accommodated. For instance, just because 19% value-added tax is listed on the invoice doesn't automatically mean it can be claimed. Without the necessary expertise, you may find yourself investing a lot of time in accounting, only to discover that many corrections are needed.

mika: Your strategic partner in everyday business

At mika, state-of-the-art technology meets human expertise. You benefit from the advantages of a trained accountant without the need to hire someone yourself. mika takes care of the entire accounting process using our in-house tools, allowing you to focus entirely on your business. Our accountants are always there for you, advise you and provide clarity.

With mika, you get the best of both worlds and revolutionize your accounting.

Accounting made easy

We know that accounting is a headache for many entrepreneurs. But it doesn't have to be! In our series of articles, we'll show you how to simplify your accounting and make it an investment in the future of your business. With the right tools and tips, accounting can be even fun!

Did you know?

Bookkeeping and accounting are not the same. While bookkeeping records all business transactions, accounting is the department of a company responsible for capturing and analyzing these transactions.

If you have any questions or suggestions, please feel free to contact us.

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