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Accounting

Accounting or accounting services is the essential part of each business, on which both the current activities of the company and the prospects for its development depend.
All the active companies and its branches shall keep accounting records which comply with the requirements and standards established by the states in which the companies and their branches are registered.

The existence of properly prepared accounting statements allows creditors and business partners of the company (including potential investors) to be convinced of the stable financial position of the legal entity. Moreover, the accounting documents are necessary for the correct calculation of due taxes and fees by state bodies.

Jurisdictions list

You can get acquainted with the entire list of jurisdictions in which this service is provided.

Requirements for accounting operations:

  • 01

    The results of the accounting

    shall provide reliable and objective view as to the financial position of the company and the results of its activities.

  • 02

    All the commercial transactions of the company

    shall be documented and registered with accounting programs.

  • 03

    All the accounting documents

    shall be archived for the period established by the applicable legislation.

In addition to preparation and checking the company’s primary documents, accounting for payments and expenses, monitoring the client’s existing debts, and administering the company’s document flow, the accounting of the legal entity includes the following:

Preparation of annual reports – the annual financial statement shall include the up-to-date and truthful information about the financial position of the company, the financial results, and money flows (balance sheet, profit and loss statement, statement of changes in equity etc.).

Audit of the company – the additional verification of the financial statement and accounting principles of the company. The audit or the verification of the annual financial statement is aimed at increasing the reliability of the financial information about the company in the eyes of investors, shareholders, and the public.

Accounting consulting – consulting support of the accountant allows to choose the optimal model of business activities and administration of document flow and organize the processes of the company in a way that all its activities are as transparent and predictable as possible.

Services in the field of accounting services:

  • Preparation of contracts with counter parties, invoices, and acts of acceptance, administration of the archive of the corporate documentation etc.

  • We will carry out the full financial audit of your company, reveal the existing risks, and provide you with recommendations on minimizing the risks.

  • We will help you to bring the company’s accounting in the line with applicable legislation and internal documentation of the entity: analysis of company’s primary documents, assistance with restoring lost documents, assistance in restoring the accounting database etc.

  • We will analyze the financial documentation, provide you with recommendations related to financial audits of authorized state bodies, assist you with minimizing the risks of administrative or tax liability.

We are ready to implement non-standard projects

Paily Legal experts are ready to build you an effective accounting and provide consulting support.

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