The traditional model of accountants has changed. Our people today not only have financial acumen but they also balance the accounting, managerial and leadership skills. We perform our accounting services in an efficient and pro-active manner by identifying possible accounting issues, by advising our customers regarding impact of their transactions in the financial statements. We also indicate the type of supporting documents required and timely address other specific accounting needs.

The main services are outlined below:

• Statutory accounting;
• Payroll administration;
• IFRS reporting;
• Accounting review;
• Management accounts;
• Cash Management;
• Administrative services.

Statutory accounting. We design the computer system according to each individual business aiming to generate the required reports to our customer. We timely process all monthly accounting documents and indicate possible missing supporting documentation. We prepare all required statutory reports: trial balances, sales and purchase ledgers, VAT returns, profit tax returns, and also fill the declarations with the related authorities in due time.  We perform interim and year end statutory pack of financial statements, in the format required by local regulations.

Payroll administration.  Within payroll administration, we draft employment contracts for our customers’ employees, we register these agreements with the Labour Chamber, we calculate on a monthly basis the gross and net salaries as well as all required salary taxes and fill the tax returns with the authorities. We also prepare Internal Regulation documents.

IFRS reporting.  We prepare monthly/quarterly stand alone financial statements in accordance with International Financial Reporting Standards (IFRS) including: balance sheet, income statements, cash flows, statement of changes in equity, notes to the financial statements. We also prepare consolidated financial statements for the Group of companies.

Accounting review.  We perform accounting review on a monthly / quarterly basis by analyzing significant transactions, checking the accuracy of accounting and proper and timely payment of taxes.

Management accounts. We draft revenues and expenses budgets, management accounts (including a comparison between budgeted and actual results); we draft forecasts, prepare other reports required by management and / or shareholders.

Cash Management.  The service include preparation of payment documents, placing deposits, obtaining bank statements on a regular basis, on-line banking transactions, cash flow statements preparation.

Administrative and other services: preparation of invoices for company’s clients, assistance during external audit process, assistance during tax audits, IFRS training to internal financial department, merger and acquisition projects.