Main Advantages Of Online Accounting

Before opting for an online accounting for your company, it is normal to want to research and verify if there are enough positive aspects to justify this choice. So check out some of the main advantages of online accounting:

Practicality

Perhaps that word is the one that best represents a well-executed online accounting service: practicality. Basically, it's what people who made this choice look for after understanding what it offers. The client will be able to make use of the platform by issuing invoices, following a timeline of activities and a calendar for payment of taxes. The main change is the reduction of bureaucracy in the company's day-to-day activities. With dynamism and simplicity, the system does all the hard work for the customer, who can devote themselves to taking care of business.

All in one place

As all company information is attached on the platform and accounting activities and client actions can also be monitored there, there is the great advantage of being able to do everything in one place. With this, a very precious asset is gained in current times: time. There's no need to chase paper documentation or worry about the accountant. It is technology acting at the service of people's comfort and convenience.

Quick company opening

In most cases, the online accounting offices also carry out the opening of the company. This is an advantage for those who have not yet formalized their business. The process for starting a business is much less bureaucratic and can be done in a very practical way. The client is informed about each step and carries out practically all activities from home.

Electronic Invoices

Another great advantage that opens up through the use of the system is the possibility of issuing the Electronic Invoice (NFS-e). In many cases, it is possible to carry out the issue through the platform itself. It is a feature that greatly facilitates the routine of companies, offering more agility and convenience in payments and billing. All with total transparency, with all actions properly documented.

Tax Consultancy

As the processes are automated, the team can act in a more consultative way, offering solutions that can financially impact the routine of companies. In this action, it is possible to achieve a tax reduction, for example. This consultancy is also carried out at the time of opening a company, to help identify the best legal and tax format according to the particular profile of an entrepreneur.

Accessibility

Ease of access is another advantage of online accounting offices. Micro and small entrepreneurs follow everything that happens in their company. It can be from the internet at home, at the office, or even from the street, using the connection through your smartphone or tablet. And all this with digital certification. It often takes great speed to consult some information and the online system allows this to be done from anywhere.

Personalized Service

This is one of the fears of those who are deciding whether or not to opt for an online accounting. Some offices are able to offer a humanized and personalized service, according to each client profile. Everything is done in a practical and fast way, through chat or email. The client also has a large number of contents available that will often resolve two main doubts.

How To Determine The Value Of An Intangible Asset?

To close the recognition characteristics of what is an intangible asset, we must look at the value at which it should be recorded. The intangible asset, as a rule, must be recorded at its cost, that is, at the amount paid or spent for it. But there are some cautions about defining composition or acquisition cost. We will see:

Labor

The labor of the employees used in this process must be apportioned according to its application as well. Like this? Each task performed throughout the day to day work must be identified. Example: How much time did the employee spend on planning? And how much did you spend on development ? What about bug fixes and maintenance? To know for sure, you must allocate hours by activity.

Participation of partners

There are cases in which the company's partners also participate in the construction of the asset. If they receive compensation from the company, it can be considered in the cost formation as long as it is of the “ pro-labore ” nature. Amounts referring to the return of loan or share capital, or dividend payments, do not enter.

Third parties and tools

Did you hire third parties to program your platform? The amount paid to them can be included in the cost composition, as long as it refers to construction and not maintenance. Tools hired from third parties that assist in the construction of the asset, if not under control and cannot be sold with its platform (because they are not owned by it), cannot be considered in the cost of the intangible. Examples: project management tools, time management, financial management , cloud server to host and guide the platform.

Construction x Improvements

A platform tends to be always under construction and improvement. But even so, it may be in use and already generating income for the company. That's why it's important to segregate building from improvement. Construction means built, made. While improvement is related to the correction of “bugs” (errors). The build can be divided into phases, more commonly called versions. Each ready-to-use version goes from “under construction” to “active” status.

When the intangible is in the “active” status, ready to use, it needs to be linked to an amortization analysis that represents how long that version will be used or when it will be replaced. In this way, month by month, a small piece of cost will be reallocated or written off from the asset group to the expense group (same concept of depreciating).

There are cases where it is not possible to assess the replacement date. When this occurs (in a few cases), annually at the closing of the company's balance sheet , an analysis of the continuity of the versions will be necessary. So there's no way to escape. In addition to taking care of the cost formation you will need to know when it will no longer be useful. And this all you need to pass on to your accountant. It will be used in your company's accounting records.