The outsourcing of operating, supervising or managing the Accounting Department of a business to an external partner releases the business from the responsibility to select employees for the Accounting Department, and discharges it from any responsibility for any consequences and problems due to ignorance or omissions related to the compliance with and implementation of commercial, tax and labor law.
At the same time it is beneficial for the business and the businessman alike since the collaboration agreement with a partner is described in detail in a contract stipulating a predefined and fixed cost, the partner has experience and skills that can be proven by the professional titles thereof, professional associations and state bodies, and, furthermore, conflicts between employees and the Management that arise from the implementation of business goals are avoided.
Our company can provide Accounting services on various levels according to the needs of your business.
We offer the following Accounting services:
Operation of the Accounting Department
Supervision of the Accounting Department
Management of the Accounting Department
The operation of the Accounting Department by us includes the following tasks:
- Entering of all documents and transactions in accounting books.
- Printing of books and balances on a monthly basis.
- Accounts accordance.
- Filling in and filing of VAT declarations, deducted and other taxes.
- Payroll calculation and implementation of labor and social security legislation.
- Filling in and filing of annual VAT return statement, final statement of tax on wages, final statement of deducted taxes.
- Filling in and filing of a client-supplier summary of invoices.
- Closure of the accounting year, preparation of Balance Sheet and Addendum and filing with the competent authorities.
- Filling in income tax returns of the legal person, the shareholders and partners.
- Collaboration with the legal counselor in order to draft the minutes of the Board of Directors meeting and the General Meeting or management minutes.
- Treatment of fiscal affairs and audits.
- Collaboration with municipal agencies, social security bodies, the Region, G.E.MI., chambers regarding audits and other important issues that require communication or physical presence.
Supervision of the Accounting Department
Apart from bookkeeping, our company can undertake the supervision of your business' Accounting Department in to assure its legal, unhindered and more efficient operation.
Services related to the supervision of the Accounting Department, include but are not limited to:
- Monitoring the implementation of tax, labor and commercial legislation as well as accounting principles through auditing of the company's accounting books and records.
- Monthly auditing of the correspondence between accounts and balances.
- Regular reporting to the Management.
- Studying and implementation of the Accounting Department's internal audit system.
- Constant briefing of the employees regarding changes in tax, labor and commercial legislation.
- Constant improvement of the Accounting Department's procedures.
- Auditing and preparing of the business' Financial Statements (Balance Sheet, Addendum) at the end of each accounting period and filing with the competent authorities.
- Filling in of the business' income tax returns and auditing of the shareholders and partners' tax returns.
- Provision of consulting services regarding organization, tax, labor and commercial law in order to achieve the company's development minimizing cost and charges.
- Collaboration with the Management in order to draft the budget and cash flow planning.
- Treatment of fiscal affairs and audits.
- Collaboration with municipal agencies, social security bodies, the Region, G.E.MI., chambers regarding audits and other important issues that require communication or physical presence.
Management of the Accounting Department
The outsourcing of managing the Accounting Department of a business to an external partner releases the business from the responsibility to select employees for the Management of the Accounting Department, and the partner has proven experience and skills necessary to implement business targets.
Principal services related to the Management of the Accounting Department are as follows:
- Organization of the Accounting Department, selection and training of the employees.
- Monitoring and coordination of the accounting department's tasks.
- Implementation of tax, labor and commercial legislation.
- Evaluation and constant briefing of the employees of the accounting department.
- Regular reporting to the Management.
- Study, preparation and implementation of the accounting plan in accordance with the company's needs.
- Testing of the existing information system or suggesting a new one, if needed.
- Automatization of the Accounting Department's procedures.
- Organization of audit system for accounting and management procedures as well as commercial management.
- Preparation and auditing of Financial Statements and exporting of Reports.
- Drafting, monitoring and auditing of financial budget and cash flow planning.
