A process that fits an MB
MB is a Lithuanian legal form; we keep that official abbreviation instead of substituting a foreign company type. Accounting needs depend on the business activity, payments to members, employee arrangements and VAT status.
Keep company transactions clear
Provide purchase and sales documents, bank statements, contracts and information explaining payments. Member payments need to be identified and documented so they can be accounted for according to their actual nature. They should not simply be treated as ordinary supplier expenses.
VAT, employees and year-end reporting
An MB may need VAT accounting and payroll work depending on its circumstances. The ongoing document process also supports preparation of annual financial statements. We agree the relevant tasks after reviewing the company's activities.
What to send for a quote
- A short description of the business and its customers.
- Approximate monthly document and bank transaction volumes.
- VAT status and any overseas transactions.
- Information about employees and member payments.
- The current state of the accounts and any outstanding periods.
Compare the scope on our accounting prices page or send an enquiry.