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Accounting
David Merz | Founding Partner
Zurich, July 24, 2022
Proper accounting is essential for a start-up or an SME, companies are therefore faced with the decision to keep their accounting in-house or outsource it. For many startups and small business owners, keeping their accounting in-house is a big cost driver that has nothing to do with their core business and also ties up resources unnecessarily. So what are the exact benefits of outsourcing accounting to an external accounting firm?
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Since no one has to be hired for the accounting, you save on salary costs on the one hand, and on the other hand there are no costs for sick leave or vacation. Also personnel recruitment and training costs are completely eliminated. In addition, the effective costs for a workplace are often estimated far too low, since factors such as office rent, cleaning costs, electricity, IT costs per employee, etc. are not included. Another advantage is that the service contract with the trustee, unlike the employment contract of an employee, can be terminated without any labor law problems arising.
Purchase and monthly license fees for software are expensive. The purchase of a financial and payroll program, the maintenance as well as the training of the users is reflected in the books. The clear advantage of working with a trustee is that due to the large number of clients, they only have to bear a fraction of these costs.
The great advantage of outsourcing your accounting is that you transfer the liability to your trustee. In this way, you are not liable for possible errors in your accounting, thus reducing your risk.
Complying with legal requirements and maintaining an accounting system is complex. This increases the probability of committing errors, which can bring some risks for a company. Fiduciaries employ specialized staff who are highly experienced, continuously educated and always up to date. In addition, fiduciary employees gain unique know-how by working with a large number of different clients, which significantly reduces the risk of errors.
By outsourcing the accounting, they can fully focus on their core business and the trustee takes care of the time-consuming rest. You can then leave the process optimization and implementation of the latest developments in the accounting area to your trustee, whose core business this is.
Your fiduciary knows all your figures and can therefore get a comprehensive picture of your company. In addition, he is a specialist who brings experience in a wide range of business areas due to the large number of mandates he has from various industries. Therefore, fiduciary services often go hand in hand with business analysis and consulting and can thus represent a real added value for a company.
At Nexova AG, we know how important it is for our clients to benefit from outsourcing their bookkeeping.
That’s why we ensure the process is smooth, reliable and cost-efficient!
Our team will take care of all your receipts and keep your bookkeeping up to date every month. All you have to do is upload your receipts, and we will handle the rest!
With our digitalised company structure and automated processing, you can be sure that the work is done competently, professionally and punctually.
Your feedback matters
Mr. Merz has a very broad knowledge and was able to help me with all my questions. The conversation was very pleasant and very informative for me. Thank you for your support.
Uncomplicated or serious? Both here. A young, smart team is at work here, offering excellent services, highly uncomplicated and competent. Instead of a prestigious reception area, expensive offices and a few small gifts, you offer fast and competent services. For me as a one-man company, this is exactly what I need.
I have been a Nexova customer for some time now and so far I am very satisfied! Thanks to the digital working methods and high responsiveness of the client managers, little time is lost in the daily process in particular. The prices are also very fair. Nexova handles the annual financial statements for me, including the tax balance sheet. The processes are standardized, which is a great advantage for audits (AHV and taxes). The two founders are two young, innovative guys and very serious.
The friendly and competent Nexova employee was able to answer my questions about company car taxation quickly and specifically. Thank you very much for this!
When I founded my company a year ago, I needed a reliable fiduciary partner. In addition to pure accounting, Nexova also offers me very good advice on all aspects of labor law. Thanks to the E-Post solution, I no longer even have to worry about my company mail and can focus purely on my service activities. My contacts at Nexova are always very friendly and pleasant to deal with. The complete package is simply TOP and I can only recommend Nexova!
Top company & friendly owners. A highly recommended trustee.
Very good and competent advice!
Professionally at a very high level. They are very good with Excel and could also support us with automation of processes.
I had a few questions about remote work and was advised super and free of charge. Thank you very much!
Very good service. Good and competent advice with friendly staff. I can definitely recommend
The Nexova team is very professional and I felt they always had my best interests at heart. I highly recommend Nexova and will continue to refer my clients to them and trust them with my business.
I am impressed with their outstanding service, especially in the field of accounting services, they demonstrate a professional approach and exceptional attention. As a lawyer, I have found Nexova to be a valuable partner in the financial world.
I had an excellent consultation with Nexova AG regarding withholding tax. Their expertise is remarkably extensive and their guidance was invaluable, I highly recommend their services. A first class experience.
The Nexova Team is an important partner to our startup, enabling us to pass all of our accounting, tax and payroll duties. We specially value their expertise with Startups and flexibility, which allows us to plan and manage our financials effectively and to focus on the bottom line of our operations.
We are very satisfied with Nexova as our trustee. Thanks to the Teams group chat, I can always count on very fast response times (of a few minutes). The Teams Chat group is great. With our old trustee, we had to write mails and always had to wait a long time for an answer and on top of that we were charged for every little question. Fortunately, this is not the case with Nexova.
Nexova solved my problem with a non-paying tenant quickly and efficiently. I was simply overwhelmed with the situation and glad for the competent legal advice. Nexova handled everything from the reminder with threat of termination, to representation in court, to the police eviction quickly, efficiently and also inexpensively. Many thanks for the valuable help.