Even a small accounting mistake can cause financial losses and damage a company’s reputation.
Businesses are required to file taxes and submit declarations accurately and on time. Any mistake – whether it’s miscalculating taxes or submitting forms late – can lead to fines.

For example:

  • If a tax declaration is not submitted on time, the company can be fined. If the declaration is filed within 2 months after the deadline, the fine is 5% of the calculated tax. After 2 months, the fine increases to 10%.
  • If the declaration shows no taxes due (0 amount), no financial penalty applies, but the declaration must still be filed.
  • Failing to provide required information to the tax authorities results in a fine of 400 GEL for the first offense, and 1,000 GEL for repeated violations.
  • If a company fails to report an employee in the official employee registry, it will be fined 200 GEL.

Such violations are quite common in Georgia, especially in companies where accounting processes are poorly organized and lack proper control mechanisms.

How Coutnman Prevents Mistakes in Practice

At Coutnman, preventing mistakes is not just the responsibility of individual accountants. Our system involves multiple layers of control:

  • Double-checking: Every operation is reviewed by both the head of the accounting department and an internal auditor.
  • Modern project management tools: Each client has a clear schedule and deadlines, ensuring that nothing is overlooked and all processes are fully monitored.
  • Standardized processes: Every operation follows a pre-defined and structured plan.
  • Insurance coverage: Our company’s professional liability is insured, meaning that if a mistake occurs on our side, any resulting loss is covered by our insurance provider.
  • Professional team: Experienced and certified accountants closely monitor all ongoing processes on a daily basis.
  • Client-focused communication: Our dedicated client care managers simplify and streamline communication between the accountants and the clients.

“Friend Accountant”

One of our unique services is “Friend Accountant”, designed to help companies assess and improve their accounting and tax processes.

Our goal is not to focus on mistakes, but to prevent them. To achieve this, we:

  • Review the company’s accounting entries and provide feedback.
  • Prepare recommendations and related reports.
  • Verify the accuracy of data entered into the accounting software.
  • Monitor the timely and proper submission of tax declarations.
  • Oversee the correct filing of primary documentation.
  • Review the company’s accounting policies and suggest improvements when necessary.
  • Prepare monthly reports for the company’s management, offering advice and consultation to optimize accounting processes.
  • This service truly helps businesses avoid mistakes and the serious consequences they may cause.

Accuracy in accounting processes is critically important for any business. Even a seemingly small mistake can result in financial losses and reputational risks. That’s why it is essential to work with standardized procedures, involve professional teams, and maintain strong control mechanisms.
Thanks to our experience, modern tools, and unique services, we ensure that your business is protected from mistakes and their potential impact.