accounting services
Accounting
Our experienced specialists in the field of accounting will provide you with appropriate accounting services as efficiently as possible and tailored to the specifics of your business, they will analyze your needs with high accuracy and quality in the shortest possible time and provide you with relevant financial information important for your company. For both accounting and tax purposes, accounting of business operations should be done on the basis of properly prepared primary documents. On the basis of incorrectly prepared documentation, transactions reflected in accounting may be a source of significant financial or legal difficulties for the enterprise.
According to recognized practice, legal-legal documents are written documents that are drawn up based on legal requirements to confirm the events that give rise to the rights and obligations of a person or a non-person subject. A legal document must meet certain requirements: it must be drawn up in accordance with the applicable legislation. As a rule, the form and content of the document, the manner of execution, the field of use and others are regulated. Only a document drawn up in compliance with the rules is suitable for confirming rights and obligations with legal force. Against the background of appropriate documents, the attitude and relations between counterparties become more certain, stable and predictable.
Accounting outsourcing
Accounting
Preparation of primary documentation
Production of accounting records
Accounting services include:
- Preparation of primary documentation
- Production of accounting records
- Calculation of salaries
- preparation and submission of tax declarations
- tax administration
- Consultations on financial and tax issues
- Bank transfers
- Preparation and submission of reports to the Supervisory Service (SARAS)
- Preparing and/or reporting with appropriate periodicity
- Submitting information to the National Statistical Service of Georgia and/or other relevant regulators.
- Restoration/verification of accounting records.
Payroll
Preparation and submission of tax declarations
Tax administration
Bank transfers
Production of accounting records
All economic operations that the company will carry out daily are reflected in the relevant accounting system. It is especially important to reflect the movement of sales, purchases and cash flows immediately, so that the management of the company can constantly have information about ongoing obligations or requests. This also helps in monitoring the accuracy of tax declarations and financial reporting. The rest of the operations will be reflected, in order, based on the agreement according to the priorities. The closing of the month will be carried out no later than the 20th of the following month. It is the produced accounting accounting system that provides all the necessary information related to the happening or expected events in the company. Such information is critical for making correct and timely business decisions.
Calculation of salaries
As the number of employees in the company increases, so does the need to develop a salary structure and the complexity of the corresponding structure. Depending on the specifics of the activity, one enterprise may use several calculations for calculating wages. For example: accrual of fixed salary; calculation of monthly, quarterly and annual bonuses; creation of billing components; calculation of additional benefits; Separate separation of over-standard work, etc.;
The correct salary structure and its calculations, which will be immediately reflected in the accounting software, will allow you to make a timely and fair distribution of the salary budget, as well as save management time, which additionally provides the opportunity to engage in other important issues.
Preparation and submission of tax declarations
Tax declarations will be prepared/submitted according to the law, within the time limits established by the law. The declared figures will be in complete agreement with the existing documents. In this part, the company takes full responsibility, which in turn insures the risks.
Tax administration
Our accountants will provide you with timely information about all expected taxes, so that the management has time to mobilize the appropriate funds and make timely payments to the budget.
Consultations on financial and tax issues
You will receive consultations and advice, both in financial and tax matters, continuously. We will immediately notify you of all changes and news important to the field.
Bank transfers
Based on the agreement, we will prepare all types of payment orders, salaries, payments to suppliers, budget transfers and others; Both in national and foreign currency.
Preparation and submission of reports to the supervisory service (SARAS)
If the company is a III or IV size category enterprise, we will prepare and submit the relevant financial statements to the supervisory service. As for Group I and II enterprises, it is mandatory to prepare audited financial statements. Category I reporting must be prepared according to International Financial Reporting Standards (IFRS); And category II reporting may be prepared both in accordance with international standards of financial reporting of small and medium enterprises (IFRS standards) and (IFRS) standards.
Monthly financial reporting
In order for the management of the enterprise to be able to plan correctly, accurately analyze past events, compare different comparable periods and maneuver in time, it is important to produce monthly financial reporting: balance sheet; profit/loss; A source of cash flow and a source of capital.
Financial reporting will be prepared no later than the 25th of the month following the month ended. Special articles will have separate notes, where the management will be able to understand the meaning and origin of a particular number in more detail. We will also analyze the maturity of debtors-creditors. Comparison of income and expenses with comparable periods
Statistics and other regulators
We will prepare/submit all necessary information to the National Statistics Agency, as well as, if any, we will prepare information in accordance with the requirements of other regulators.
Restoration of the old period
Our service includes restoration of the previous (non-aging) period. Analysis of the correctness of codifications and monitoring of declared information. You will receive information about identified flaws and existing risks in the form of a report.
Request a meeting
Contact us for quality audit and financial services
We are trusted by leading companies
