Services
Professional maintenance of single-entry bookkeeping
Business should be about your vision, not about getting lost in a pile of receipts and constantly monitoring legislative changes. At Lukáčik & Partners, we transform traditional “paper” accounting into an efficient digital process.
We utilize AI tools for invoice analysis and a fully digitalized office, ensuring you have an overview of your finances anytime and anywhere. We combine 17 years of experience from an international advisory environment (Deloitte) with the security that only a licensed tax advisor can provide.
Who can maintain single-entry bookkeeping?
Navigating Slovak legislation can be challenging. According to the Accounting Act, the following entities have the option to maintain records in the single-entry bookkeeping system:
– Sole Traders (SZČO): Natural persons conducting business based on a trade license.
– Freelance Professionals: Doctors, artists, notaries, lawyers, or interpreters.
– Non-profit Organizations: Civil associations, churches, or land associations (provided their income did not exceed €200,000 in the previous period).
– Specific Entities: Those not registered in the Commercial Register and which do not meet the conditions for mandatory double-entry bookkeeping.
Expert Tip: If you are a sole trader, consider whether it is more beneficial for you to maintain accounting using flat-rate expenses or proven costs through single-entry bookkeeping. Based on an analysis of your income and costs, our colleagues will calculate the most advantageous alternative that will save you the most on taxes.
What do our accounting services include?
We do more than just maintain a cash journal. We provide you with a comprehensive service that protects you before the tax office and health or social insurance providers.
– Complete Agenda: Maintenance of the cash journal, ledgers of receivables and payables, and asset and inventory records.
– Digital Processing: Forget about carrying folders. You upload documents online, and our system and professional team take care of the rest.
– Tax Returns and Financial Statements: Preparation of the annual closing, statements of assets and liabilities, and filing of the personal income tax return.
– Monthly Reporting: Thanks to AI invoice analysis, you receive accurate information about the state of your business continuously, not just at the end of the year.
– Payroll Agenda: If you have employees, we take care of the complete payroll and personnel administration.
Why is Lukáčik & Partners the right choice for your business?
Most accounting firms are just data processors. We are your partners in business.
– Security of a Licensed Advisor: We are members of the Slovak Chamber of Tax Advisors (SKDP). This means we stand behind our advice and maintain mandatory professional liability insurance.
– Paperless & AI: We save your time. Our office is 100% digital. We process invoices faster and with minimal error rates thanks to artificial intelligence.
– International Know-How: We transfer our experience from the “Big Four” (Deloitte) into services for small entrepreneurs. You receive large-corporation quality at a fair price.
– Communication in English: Do you have foreign partners or are you an expat doing business in Slovakia? We can handle your entire agenda and communicate with you in professional English.
Frequently Asked Questions about single-entry bookkeeping
Is maintaining single-entry bookkeeping mandatory for every sole trader?
No. A sole trader can opt for flat-rate expenses, tax records, or single-entry bookkeeping. Single-entry bookkeeping is the most comprehensive method, but it provides the best overview of actual profit and is essential when applying for bank loans.
What is the difference between tax records and single-entry bookkeeping?
Tax records are a simplified form used primarily by small sole traders. Single-entry bookkeeping is subject to the stricter Accounting Act and requires the preparation of financial statements, but it is more transparent for authorities and business partners.
What if I lose a receipt that I have already uploaded to your digital system?
In our digital office, your document is securely archived in the cloud. Today, electronic records are fully accepted by tax authorities, so the physical loss of an original is no longer the problem it was in the past.
Can an s.r.o. maintain single-entry bookkeeping?
No, a limited liability company (s.r.o.) is required by law to maintain double-entry bookkeeping. Single-entry bookkeeping is primarily intended for natural persons – entrepreneurs and specific non-profit entities.
Do you want to switch to modern, paperless accounting under the supervision of an expert? Leave us your contact information, and we will propose a tailor-made solution for you.
In case you are interested in our services, do not hesitate to contact us
in English
from an international advisory firm
and discretion
and accommodating approach
