The areas of Tax, Accounting and Administration that support the business are often confused or do not differ well in companies. This leads to problems and inefficiencies, such as work overloads, lack of coordination, or people attending tasks for which they are not adequately trained, rather than experts who could offer better solutions for the business.
To prevent this from happening in our company, the first thing to do is to know what the mission of each of these areas is and make it known to those who work in them.
Functions of the Tax, Accounting and Administration areas
- Before going into the detail of the functions of the Tax, Accounting and Administration areas , it is important to distinguish several previous concepts that usually generate confusion.
- First of all, do not confuse “administrator” with “administrative” . They are different concepts, with different functions. The administrator is the person who administers and manages the company, while an administrator is the person who performs support tasks in the Administration area.
- Once this point has been clarified, it is necessary to clarify the main tasks and responsibilities of the Tax, Accounting and Administration areas in a company:
Tax: management of everything related to taxes and the strategy to comply with the legislation on the matter in the best possible way.
Accounting: management of the accounting impact of the tasks carried out in the business, cash flows, billing and forecasting of financial statements.
Administration: management and direction of the company in a global way, coordinating the rest of the areas so that the common goal is achieved: profit.
Coordination mechanisms, the key for Tax, Accounting and Administration to work smoothly
The Tax, Accounting and Administration areas have clear functions and responsibilities, although it is common for them to get confused because they have many interfaces on a day-to-day basis. For example, the tax management carried out by the Tax area has an impact on the accounting of the company and requires executing payments in certain terms, tasks that require good coordination with the Accounting and Administration area. Go for the calculate sales tax also there and get the calculations done in no time now.
For there to be coordination between these three areas, it is important that they work with a clear distribution of tasks , which can be done starting from an organization chart that describes the tasks and functions of each position and area of ​​responsibility.
Conclusion
Collaboration tools are also good allies for Tax, Accounting and Administration to work in coordination, even those that are included in management programs that consolidate and share all company information. And speaking of software, the help of good management and accounting software is key for departments to work efficiently and save time on a day-to-day basis .