Legislative novelties

Public Finances Ministry Order No. 2706/2011, published in The Official Monitor No. 761


Public Finances Ministry Order No. 2696/2011, published in the Official Monitor No. 756


The Order of the Fiscal Administration National Agency president No. 3347/2011, published in the Official Monitor No. 754



Why eCont?

Choosing a partner in charge of the fiscal and accounting activity of a company is one of the crucial steps for the successful development of future business. Having unlimited access to all the company's documents, he not only has to be a true professional, but also a trustworthy person. A minor error when calculating duties and taxes owed to the government can lead to significant financial loss (if not even bankruptcy), or to cases of legal liability, according to the case.
This is why you must find the answers to the following nine questions before deciding on hiring an accountant.

1. Is he/she available at any time?

Most of the time, when making an administrative decision, the business owner needs the advice of the accountant, in order to find out whether or not the said decision would influence the company's balance in a negative manner or if the Law allows such an action. However, when the accountant cannot be reached, important decisions have to be postponed, with significant consequences for the business. Through the communication systems used (email, Skype, telephone, etc.), eCont is practically in permanent contact with you.

Furthermore, when the colleague assign to manage your business is temporarily unavailable, you are immediately taken over by another colleague. This way you will not feel the temporary absence of the colleague assigned to your company.

2. Does he/she have a vast experience within companies of the same category?

Although hiring young people presents several advantages (work power, a higher adaptability etc.), an accountant who lacks experience can cause shortcomings. Regardless of how well he/she is trained, if they have not encountered similar situations during their activity, the complexity of the problems they are facing can puzzle them.

The eCont experience, amassed during more than 15 years of activity allows the finding of the best solutions for all the situations that for some may seem impossible.

3. Does he/she know the legislation substantially?

A good accountant must have a detailed knowledge of the legal provisions in the field and their implementation manner and to always look out for any potential modification. In the continuously changing fiscal environment in our country, an accountant needs a high adaptability for a correct bookkeeping.

eCont can provide answers to all your questions through the continuous training, the collaboration with lawyers specialized in commercial Law, through accounting, fiscal legal surveys, etc. and through the permanent contact with the governmental authorities.

4. Does he/she do everything in their power, within legal limits, to obtain advantages for the company?

In addition to his/her usual attributions (calculations, elaborating documents etc.), a good accountant actively participates in the decision making process by finding the most appropriate financial strategies, considering the existent fiscal regulations. A good accountant must make recommendations for increasing the profit.

5. Is the strategy suggested by the accountant in compliance with the company's policy?

The mentality differences between the accountant and the business owner will significantly affect the steady flow of business. It may happen that the selected strategy is an aggressive one of reducing expenses and taxes to a minimum, and the accountant selects the safe option, but less beneficial, or on the contrary, he/she prefers a strategy that is much too risky. In either of these cases, you should probably look for a different accountant, with a way of thinking closer to your own or more willing to adapt to the policy established by the company.

6. Is he/she a reliable person?

The most important of the qualities necessary for an accountant is correctness. A simple and safe enough way to make sure that he/she is a person whom you can rely on is finding out details about them from previous work places. If your current accountant caused problems in the past, the business owners of the respective companies will be happy to inform you of this.

7. Do the money claims match the provided services?

Especially in the case of a small company, the expenses generated by paying the accountant are considerable. Therefore, calculate the influence that the payment of the accountant will have on your company's income and think whether or not the services provided justify these expenses.

8. Does he/she use the computer in their activity?

There is nothing wrong with using the traditional calculation methods. However, in most cases, the refusal to turn to more modern and faster work means can be a sign of a difficult adaptation to all that is new. Such an accountant will never adopt a bold financial strategy.