UAB accounting

UAB accounting from daily documents to financial statements

The accounting of a closed joint-stock company includes not only the registration of accounts. It is important to consistently manage bank operations, purchases and sales, wages, VAT, tax obligations, settlements with employees and other financial data of the company.

We organize the accounting process according to the actual activity of the company. We evaluate the amount of documents, the number of employees, VAT status, the number of banks, inventory, fixed assets and other factors that determine the volume of accounting.

What is usually included in UAB accounting?

• Registration and control of purchase and sale documents.
• Accounting of bank and other financial transactions.
• VAT accounting when the company is a VAT payer.
• Accounting for payroll and employee related data.
• Preparation of declarations and reports applicable to the company.
• Control of fixed assets, debts and other balances.
• Closing of the financial year and preparation of financial statements.

If the company is a VAT payer, VAT accounting is separately important. For companies that have employees, payroll accounting is also relevant.

What does the volume of UAB accounting work depend on?

Two UABs can have completely different accounting scope. A company with dozens of documents per month and one bank account requires a different amount of work than a company with employees, inventory, multiple accounts, high document flow or more complex transactions.

When evaluating the scope of work, we generally look at the number of documents and bank transactions, employees, VAT status, fixed assets, inventory, billing, nature of operations and accounting status.

We describe in more detail the factors influencing the price on the page UAB accounting cost.

Closing of financial year

At the end of the financial year, it is important not only to prepare reports, but also to check accounting balances, debts, assets and other accounting data. If the accounting is done consistently throughout the year, the year-end process becomes much clearer.

You can find more about this stage on the page preparing financial statements.

How is the takeover of UAB accounting started?

1. We briefly evaluate the company's activities and the current accounting situation.
2. We coordinate the transferred documents, systems and required access.
3. We check current balances, declarations and upcoming deadlines.
4. We coordinate the continuous process of document transfer and communication.

If the accounting is currently handled by another accountant, the handover process can be organized as a change of accountant. If you first need to assess the accounting status, use accounting check for that.

Related information about UAB accounting

If you want to understand in more detail how to organize the accounting process within a company, read the article Organizing accounting in a UAB: what the manager needs to know.

If you are still choosing a legal form, you can find a comparison in the article UAB or MB: which form is more suitable?. Specific factors that determine the accounting cost can be found on the page UAB accounting cost.