Accountants are involved in the design and implementation of accounting systems. They prepare and analyze financial reports for a diverse range of entities, including businesses, governmental bodies, and organizations, ensuring firm adherence to accepted accounting principles.

There’s common misconception that accountants solely handle tax preparation, their expertise extends far beyond. In addition to tax assistance, accountants serve as financial advisors, adept at managing various aspects of your financial life. Personalized services cover financial planning, asset and investment management, risk mitigation, retirement planning, and estate planning, among others.

For businesses, a skilled accountant goes beyond bookkeeping and financial services, offering invaluable business advice and consultancy. From maintaining accurate accounts to providing strategic guidance on enhancing cash flow, raising capital for expansion, and optimizing operational efficiency with a keen focus on tax considerations.

Specialized services include business planning, thorough auditing, taxation, superannuation, and retirement planning.

At Syful Shamsul Alam & Co. (SSAC), we take pride in our ability to deliver extensive ranges of services starting from Auditing, Bookkeeping, Taxation, Outsourcing, assistant to Foreign Investors in Bangladesh, as well as comprehensive Consultancy Services to businesses, a testament to our extensive and varied experience.

To find more about all our services, visit here.

Syful Shamsul Alam & Co. (SSAC) is a leading accounting firm with its Azimur Branch situated in Azimpur, Dhaka, Bangladesh.

The terms “Accountant,” “CA” (Chartered Accountant), and “CPA” (Certified Public Accountant) refer to professionals in the field of accounting, but they have distinctions in terms of qualifications, certifications, and the jurisdictions in which they operate.

“Accountant” is a broad term that can refer to individuals with various levels of education and experience in accounting.

Accountants may have diverse educational backgrounds, ranging from associate degrees to bachelor’s or master’s degrees in accounting or related fields.

While some accountants may have professional certifications, it is not a universal requirement.

“CA, CPA” are a professional designation for accountants.

To become a CA (Chartered Accountant), and/or CPA (Certified Public Accountant), individuals typically undergo a rigorous education and training program. The requirements may include a specific degree, completion of a recognized professional program, and successful completion of qualifying exams.

CAs and CPAs are authorised to practice public accounting, and have statutory authority to audit financial statements and provide various financial and advisory services to the public.

Accountants holding prestigious designations such as Chartered Accountant (CA) or Certified Practicing Accountant (CPA) are mandated to possess a degree qualification, successfully complete a postgraduate course, and maintain a practicing certificate from either of these esteemed bodies. Notably, the majority of major accounting firms align with the Chartered Accountants designation.

These professionals are bound by the ethical and quality assurance standards established by these influential bodies. In contrast, accountants who identify simply as “accountants” without affiliation with these peak bodies operate outside of these regulatory frameworks. It’s like “Would you choose a doctor who is not a member of the medical association – a choice that may raise concerns.”

Opting for the services of a CA or CPA guarantees that your accountant has not only earned an undergraduate degree but is also accredited by these reputable bodies. They adhere to a stringent code of ethics, stay abreast of evolving accounting and business practices, and undergo continuous education to uphold their practicing certificate.

Syful Shamsul Alam & Co. (SSAC) proudly holds registration with the Institute of Chartered Accountants of Bangladesh (ICAB) and possesses a practicing certificate issued by this esteemed institute. This distinction underscores our commitment to delivering professional and up-to-date accounting services aligned with the highest industry standards.

Need help! Contact Syful Shamsul Alam & Co. (Azimpur) Chartered Accountants today, or request a quote here.

Having a good accountant or bookkeeper is key to helping you and your business function more efficiently and cost effectively.

The costs associated with bookkeeping and accounting services are contingent on the specific services required. To optimize the efficiency of our service and minimize costs, here are some fundamental guidelines:

1. Maintain Clean and Accurate Records:

Accountants and bookkeepers typically charge by the hour. Clear, organized, and accurate records expedite the process.

2. Automate Record Keeping:

Employing automated systems for record keeping enhances accessibility and facilitates swift exchange of information. Computerized systems contribute to a seamless flow of data.

3. Keep Us Informed:

Treat your accountant as a trusted business advisor. Discuss your business and personal financial decisions with us. By sharing your plans, we can assist in developing strategies for financial and tax savings tailored to your specific circumstances.

4. Be Prepared for Meetings:

Prior to scheduled meetings, take notes of any questions you may have. Organized discussions with prepared notes ensure a smooth and productive exchange of information.

5. Billing Transparency:

Our billing structure is either time-based or product-based. If you need a detailed breakdown or explanation, feel free to inquire. We are committed to exceeding your expectations, and if adjustments are necessary, please communicate openly with us.

Incorporating these practices is part of a strategic plan, business plan, and the implementation of a management-by-statistics system, including Key Performance Indicators (KPIs).

Running a business is akin to playing a strategic game with the goal of achieving targets or objectives. Establishing the rules and ensuring alignment among your team members are crucial. As a business owner, it is your responsibility to set the parameters of the game; otherwise, your staff may define their own, potentially misaligned with your overarching goals. Your role is pivotal in keeping everyone focused on the ultimate objectives of the business.

Contact us today to find out how we can assist, or request a quote here.