Analytical Accounting - a tool that can be useful for your company

Increasingly, companies seek to eliminate excess and analyse where they can optimize costs and reduce expenses. In addition, as a company grows in complexity, the greater the need of managers to have relevant information that enables the support for decision-making. Overcome the competition, expand the Volume of business or launch new products on the market are some examples. Analytical Accounting or Management Accounting is a set of information systems which aim to respond to this need for information. This is because it is organized in such a way as to meet the specific needs of each company, unlike General Accounting that must follow a particular format to comply with national and international laws. In particular, the Analytical/Management Accounting allows, among others, to determine the amount of sales, the corresponding costs and profit/loss, by branches of activity, products, services, customers, or other relevant elements. Deep down, the analytical accounting allows you to determine cost centers within the company and assign resources and certain operating costs or part of these values for each cost center. Analytical Accounting is therefore particularly useful for companies that develop projects, in a sporadic or permanent form. It can also be applied to departments or business areas within a company. The use of analytical accounting can be a tool to promote the increased productivity of businesses, with positive consequences in terms of its competitiveness. If you're already aware of the importance that the analytic/Management Accounting can take on for your company, know that the highly personalized nature of this branch of Accounting entails a high knowledge and experience on the part of the Accountant who performs this work. So, we launch you this invitation: contact us for scheduling a meeting and, together with our professionals, you will be able to assess the particular needs of your business and discover more advantages of this tool to the success of your business. T. 227537270 or contabilidade@domingossalvador.pt