There are numerous advantages of hiring an accounting agency the most important of which are the following:
Standard accounting services
• General ledger preparation cost accounting
• Petty cash management
• Recording and processing of bank statements
• Costing of goods for resale, work in progress and finished goods
• Processing of payments
• Payroll service
• Employee registration and deregistration
• Preparation of VAT applications, corporate income tax calculation and other tax services
• Preparation of financial statements
• Preparation of statistical reports
• Archiving of relevant documentation
• Education in relation to new laws and regulations
• Assistance in filling out loan applications and collection of necessary documentation
• Assessment of financial health of the company
• Use online accounting service: overview of general ledger, bank statements, records of inventory and financial accounting (software package KPSoft S)
• Business valuations
• Other business services related to the Law on Accounting and other relevant legislation.
Consulting
• Financial consulting
• Drafting business plans
• Investment review
• Tax consulting
• Assessments of capital
• Accounting system setup for new businesses.
Security
Professionals employed with our accounting agency have the knowledge and experience as they they deal with face different business situations and are in daily contact with tax institutions and inspection bodies.
Accountants hired in the accounting agency mutually exchange opinions and analyse solutions, thus contributing to higher degree of security, accuracy and presentation of financial statements and faster implementation of new regulations.
More time
Business persons often invest a significant amount of time in accounting matters and thereby invest less time in expanding their business activity and increasing profit.
Adding value to the business and increasing the bottom line through business activity should be the main focus to the clients. Outsourcing the accountings service will not only provide you with more time but it will also minimise the risk of an accounting error.
Defined obligations and responsibilities
Accounting agency takes over the responsibility for the accuracy of journal entries and meeting deadlines for the processing of data, preparation of tax returns, financial statements and other obligations defined by the contract.
Clients are obliged to timely submit complete, formal and accurate documentation.
Expenses
Fees for the accounting agency are significantly lower than the costs of gross salary of a certified accountant combined with the costs for the office space, office equipment and materials, professional seminars, professional literature and accounting software, required for duly and secure accounting.