Is a company required to join an approved management organization?

One company has not the obligation to join an approved management center.

What is the purpose of an approved management organization?

An approved management organization shall have the task of assisting the company in its management, accounting and taxation.

It exists 2 types of organisms approved to which a company may accede on the basis of its principal activity:

• If it pursues an industrial, commercial, craft or agricultural activity, it is a approved management centre (CGA)
• If she is a professional, it is a approved management association (AGM)

Is membership of an approved management organization chargeable?

Membership in a management organization is paid. The company must pay an annual fee (between €100 and €200).

How do I join an approved management organization?

To join an approved management organization, the company must:

• Fill out a membership form
• Pay the annual fee (between €100 and €200)

An approved management organization can be searched using the following online service:

Finds an approved management organization

Is it mandatory to hire a chartered accountant?

A COMPANY is not required hire a public accountant to help manage it.

It may decide to manage its own accounts internally or to have them managed externally by having recourse to an accountant.

The use of a public accountant is highly recommended.

What's the use of a public accountant?

The assignments of a public accountant who works for a company are diverse:

• He manages accounting For example, opening, organizing, maintaining, monitoring and consolidating accounts.
• He takes care of company management : analysis of the situation and functioning of the company.
• He manages certain legal obligations from the company: pay slips, social statements for example.
• It can advise the company during the setting up its computer system.
• He can make company audits : this concerns mainly companies who are not obliged to use a auditor.
• It may act as a trusted third party : he can draw up supporting documents for the company for which he works and which are necessary to obtain tax advantages (tax credit, reduction, etc.).

How much does a public accountant cost?

The fees of a public accountant depend on many factors such as the time spent, the missions entrusted, the location of the missions or the expert's experience.

Generally speaking, the fees of an accountant based on the mission he performs are as follows:

• Entering accounting transactions (recording of the company's financial transactions) is invoiced between €60 and €120 of the hour.
• The maintenance of a balance sheet cost between €1,200 and €1,500.
• Keeping pay slips cost between €20 and €80 per employee per month.

What are the benefits of hiring a chartered accountant?

Hiring a public accountant can provide a a number of advantages, for example:

• Security in accounting management
• Compliance laws and regulations
• Timeliness
• Centralization financial information
• Reduce costs the accounting function in the company