Bookkeeping services

Contents:

1. Bookkeeping services in Israel.
2. Services in maintenance of accounting records.
3. Who has the right to engage in accounting services in Israel.
4. Four reasons to book the service of bookkeeping support with us.

Bookkeeping services in Israel.

Financial reporting is one of the most important and difficult tasks for any business owner. Errors in accounting records keeping can lead to very serious negative consequences. The Israeli tax authorities closely monitor the financial reporting of entrepreneurs and in the event of any violations or manipulations take penal measures that can seriously damage your business.

To avoid such negative consequences, it is important to know the main peculiarities of accounting services in Israel and be able to choose the right professional.

The company “Shmuel Brodetsky Rohe Heshbon" deals with accounting services to companies of any type. Many years of experience and a perfect knowledge of the legal framework and nuances of doing business in Israel allow us to effectively represent clients in government institutions and manage their financial statements. By turning to “Shmuel Brodetsky Rohe Heshbon" you will always be sure that you will receive the highest quality service.

Who has the right to engage in accounting services in Israel?

1. The entrepreneur himself. Naturally, if you have a small business, you can keep all the financial documentation yourself. But at the same time you are significantly at risk. All responsibility for any errors (including the financial responsibilities) fall entirely on you. And without a sufficient assortment of knowledge, these errors will certainly be there.
2. Menahel heshbonot (or simply an accountant). Such an expert will prepare for you all the financial statements (according to the documentation already provided) and transfer payments to the relevant institutions. At the same time, it is worthwhile to know that the menahel heshbonot does not have the right to represent the entrepreneur in the tax authorities. Therefore, his work actually ends on sending the taxes off and if there are any problems you’ll have to sort things out yourself.
3. Yoets Maas (or a tax advisor). This type of specialist deals exclusively with the management and optimization of your tax deductions under Israeli law. At the same time, the yoets maas do not have the right to work with the hevra ba’am.
4. Rohe heshbon (an auditor). This is the highest level of financial monitoring. Unlike tax advisers, such specialists can work with the hevra ba’am. They have the right of signature for documentation submitted to the state bodies, as well as the right to conduct financial audits of company balance sheets. Furthermore, all other functions of an accountant are also performed by the rohe heshbon. In addition, he can analyze the financial situation of the company on the basis of accounting reports and suggest ways to optimize its activities.