Accounting

The management of accounting is an obligation that almost no accounting entities are able to avoid, except for certain cases. As an entrepreneur, you may be asking yourself whether you can manage this obligation alone, or if it is better to leave it up to an accounting expert. In the first case you would have to sacrifice your most valuable asset – your time.
The management of accounting is an obligation that almost no accounting entities are able to avoid, except for certain cases. As an entrepreneur, you may be asking yourself whether you can manage this obligation alone, or if it is better to leave it up to an accounting expert. In the first case you would have to sacrifice your most valuable asset – your time.
The second alternative is leaving the management of accounting to an external company. We believe that this option will bring you much more than just saving time – in particular we will provide a guarantee of professionalism and quality, reduce costs and avoid unpleasant sanctions. You will learn about more benefits of accounting through our company in cooperation with a tax consultant here.

Who can apply single entry accounting?

Subjekty, ktoré majú možnosť podľa slovenskej účtovnej a obchodno-právnej legislatívy účtovať v sústave jednoduchého účtovníctva sú.:

– Entrepreneurs who are not registered in the Commercial Register (e.g., attorneys, notaries, dentists, physicians, veterinarians, architects, civil engineers, visual artists, writers, interpreters, and many other so-called liberal professions).

– Individuals who engage in business activities (e.g., sole proprietors) or perform other self-employed activities, excluding individuals who maintain so-called tax records.

– Civic associations, associations of legal entities, associations of owners of apartments and non-residential premises, non-profit organizations providing services of general benefit, and other entities, provided that they do not engage in business activities and their income in the previous fiscal year did not exceed 200,000 euros.

– Churches and religious societies, their governing bodies, and church institutions that have legal personality, provided they do not engage in business activities.

– Land associations, provided their revenue did not exceed 200,000 euros in the previous fiscal year.

What does our company’s simple bookkeeping service include?

When providing simple bookkeeping services, we offer the following accounting and tax advisory services:

– Maintaining a cash journal

– Tracking receivables and payables

– Tracking fixed assets

– Maintaining a cash book and tracking funds in the bank account

– Maintaining other subsidiary ledgers

– Preparing financial statements

– Preparation of income and expense statements and statements of assets and liabilities

– Comprehensive tax administration (income tax, VAT, local taxes)

– Tax optimization

– Comprehensive payroll administration

– Ongoing accounting and tax reports tailored to your requirements

– Providing information via email about upcoming changes in accounting, taxes, and payroll

Who can apply double entry accounting?

The relevant provisions of Slovak accounting and commercial-law legislation lays down an obligation on the following entities to apply double entry accounting:

– Entrepreneurs who are registered in the Commercial Register (e.g. Trading companies – public companies, limited partnerships, limited liability companies, joint-stock companies).

– Entities that do not fulfill any of the conditions of applying single-entry accounting (e.g. civic associations which conduct business and reached revenue of 200,000 Euros in the previous financial year.)
– Accounting entities that have the possibility of charging under single-entry accounting and have not taken advantage of this possibility (e.g. tradesman or lawyers who decided not to charge under single entry accounting, but under double entry accounting).

What does double entry accounting in our company include?

When conducting double entry accounting we provide the following accounting and tax consultancy services:

– Verifying the integrity of accounting documents
– Keeping a general ledger
– Keeping an accounting journal
– Records of receivables and liabilities
– Records of customer and supplier invoices
– Property records by type, purpose and classification
– Stock records
– The records of cash on hand and in bank accounts
– Processing of financial statements, including inventory of the balance of accounts
– Execution of profit and loss statements, balance sheets and notes to the tax return
– Comprehensive tax agenda (income tax, VAT, local taxes)
– Tax optimization
– Comprehensive payroll
– Interim accounting and tax reports according to your requirements
– Providing information about upcoming changes in accounting, taxes and payroll via e-mail.

If you are interested in our services,
please contact us

 
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