Outsourcing Accounting
If there is something that we cannot do better and cheaper than our competitors, there is no sense to do it at all; we have to transmit this work to those who will do it with the best possible result - one of the laws of successful business.
Outsourcing Accounting:
Services of accounting
- verification of source documents received from a Client and display them in the accounting system;
- preparation and submission of financial statements in accordance with the Ukrainian Accounting Standards or International Financial Reporting Standards;
- conducting of regular reconciliations with contractors;
- administration of a Client’s bank accounts, including preparation of bank payment orders, buying and selling currency;
- development and implementation of financial accounting policies;
Outsourcing of payroll calculation
- payroll calculation twice a month;
- calculation of additional charges (bonuses, overtime, other compensation payments) provided by a Client’s payment system;
- calculation of vacation allowances, sick pay;
- final calculation after employees’ dismissals;
- calculation of the remuneration of employees working under civil contracts;
- preparing payroll sheets, payslips and their distribution among employees;
- preparation of references about income at the request of employees;
- preparation and submission of reports to social insurance fund and to other state agencies;
- preparation of bank payment list for the salary payroll;
Outsourcing of tax accounting
- tax audit, which includes determining the correctness of calculation, payment of taxes and displaying them in the reports;
- choice of optimal taxation system according to the specificity of a Client’s activity;
- evaluation of the potential tax risks and ways of their optimization;
- preparation and submission of tax reports, control of timely submission of tax reports and paying of appropriate payments to the state budget;
- monitoring the changes in the tax legislation of Ukraine and informing a Client about them that may significantly affect his business.
Advantages for a Client:
- increase in business profitability by reducing service costs of accompanying business processes
- transfer of accompanying business process for outsourcing allows to direct efforts to main activities of an enterprise
- the confidentiality of information inside a Client’s company, relationships between a Client and an Outsourcer regulated by contract
- a Client gets high quality services without keeping the “expensive” accounts department staff
How does it work:
a Client determines what kind of area he plans to give for outsourcing
make up a plan of cooperation, coordinate it with a Client
sign an agreement with a Client
the cost of an Outsourcer’s services is determined individually after a preliminary examination of the accounting state, scope of work and deadlines.
Feedback