Accounting

Outsourcing of accounting

Accounting outsourcing nowadays is gaining popularity, because it provides a number of advantages compared to creating your own accounting department. On one hand, accounting outsourcing allows companies to avoid the challenge of finding reliable staff and monitoring their work. On the other hand, it allows using the expertise and experience of the entire accounting outsourcing company. But the most important benefit of outsourcing - is the transfer of risks and responsibilities for the accuracy of accounting and the possibility to compensate losses in the event of errors. Also it gives better opportunity to focus on business development instead of administrative issues. Our experience proves that accounting outsourcing brings a greater effect and more benefits than in-house accounting.

Within accounting outsourcing, we provide the following services:

• Analysis of correct compilation of primary documents;
• Adapting documents in the 1C program;
• Formulation and submission of reports to the controlling bodies;
• Preparation of administrative and procedure documents;
• Creating of accounting registers;
• Preparation and provision of management information;
• Payments administration;
• Support of client’s interaction with the fiscal services, pension fund authorities and other state controlling bodies.

Outsourcing of calculation and payment of wages

Money issue is always one of the driving forces of any business. Many enterprises nowadays entrust the calculation of wages to a professional outsourcing companies in order to maintain confidentiality, friendly and success-motivated atmosphere, receive timely and accurate payroll and all related payments.

Delegation of payroll accounting to outsource will enable:

• To calculate and receive wages and all related payments in a timely manner regardless of the annual leaves, sick leaves and other causes that may affect the process of payroll accounting by resident bookkeeper
• To ensure confidentiality of staff’s wages and to avoid conflicts on this issue
• Provide payroll and reporting according to the latest legal requirements, as our employees continually monitor all changes in taxation and quickly implement them

Our company's outsourcing payroll services usually provide:

• calculation of wages;
• calculation of relevant taxes including all charges and deductions from wages;
• calculation of sick leaves, annual leaves, maternity leaves and other types of leaves;
• formulating all types of reports required for submission to the fiscal authorities;
• calculation and payment of all types of compensations stipulated by legislation including dismissal compensation;
• issuing salary statements for employees;
• written and oral advice on Ukrainian legislation regarding wages.

Restoration of accounting and taxation record

Services of the accounting and taxation record restoration can be needed when the accounts were not kept or there is a doubt if weather it was kept properly and according to law. In this case it is expedient to resort to services of a professional outsourcing company to bring order in the documentation and be sure of the mutual settlements with the fiscal authorities.

Our company's accounting and taxation record restoration services provide:

• primary analysis, collection, processing and sorting of all documentation;
• defining missing documents;
• recovery and processing of lost documents;
• implementation of the accounting program.
• drafting report and set of corrective tax calculations.
• counselling assistance of client’s accounting personnel.

Outsourcing of financial director services

Serving as financial director for the client on a temporary basis. Preparation of a business plan, budgets (for a month, a quarter, a year), management reporting, consolidated statements. Optimization of financial flows, tax mitigation. Control over the client’s accounting and reporting.