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WHY DO WE NEED A CHARTERED ACCOUNTANT?

the importance of chartered accountant in your day to day life and in what ways one can provide you guidance with his/her expertise.

WHY DO WE NEED A CHARTERED ACCOUNTANT? 

In today's world professional is essential to make you a leader, a representative of an idea and to be on profitable charts. First of all, who is a CA? A CA is a qualified person who has a best among the best to teach you how a business is to be done. A person who can help you with tax education, to handle your balance sheet, to decrease your opportunity cost, to make a proper payroll chart for you, to help you in legal finances and to help you with the sanctioning of loan possibilities.
http://www.mcfg.com.au/Top-Reasons-Why-You-Need-A-Chartered-Accountant-For-Your-Business-bgp3007.html


 This chart will provide you the link to the stage that a CA has cleared to stand as a professional in this society.

 He is a polished diamond in terms of expert knowledge. Now, why do we need a CA? 
https://study.com/articles/Chartered_Accountant_Job_Salary_and_Career_Information.html
To maximize our profit, we need a Chief Financial Officer and to become that you need to be a CA. For handling the finance department and to lead them you need a CA. 

To provide you a proper guidance regarding your creditability in terms of getting a loan from a banking institute or a financial institute, the credit manager you are being interacted with is a CA.

 To get your audit done on yearly basis. Your financial statements require authentication of his report else its incomplete for submission to ROC. The auditor is a CA. 

To help you frame out the pay-roll policy of your company you need an expert and that expert is CA. 

To file your ITR you need a person as a helper to guide you with in-depth knowledge of taxation as well as various laws applicable to a resident in India. You tax consultant is a CA. 

The above four are the major domain of a chartered accountant but he is not limited to these only. he has various other services to offer and a company needs a professional advice in every prospect of every department it is dealing in. A person who becomes a CA has gone through tremendous pressure and then is awarded the degree which in a real sense he/she has earned by giving heart and soul. CA course is the toughest course in the world and when a person can clear that then you can imagine his/her potential to be among that 8 % who cleared and not the 92% who failed. 



The finance department is headed by him whether a private-sector or public-sector enterprise. Many authorities of India have CA as a part of their penal or board and it is compulsory to have one. So, if we sum it up then you cannot have a successful limited company without a CA and if you want to make your company a listed company in stock market or any exchange then just get a good team of CA in the company and get them working towards your goal and soon you'll get the result. Respect a CA as he/she have tremendous power to help you with finances.          
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ANAMIKA KHATRI
CONTENT WRITER
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