Monthly Accounting: Who is this service for?
Monthly accounting is aimed at active UABs, small partnerships, and public institutions that need continuous registration of accounting documents, tax calculation, submission of declarations, and clear information for the company manager.
Before starting cooperation, we assess the company's operations, the amount of documents, number of employees, VAT status, upcoming declaration deadlines, and current accounting condition. Based on this, we determine the scope of work, document transfer procedures, and responsibilities.
What does the monthly accounting service include?
- acceptance and verification of purchase and sale documents;
- registration of bank transactions and other accounting records;
- customer and supplier debt accounting and reconciliation of balances;
- Calculation of VAT and other taxes;
- preparation and submission of tax returns;
- accounting of wages and contributions related to employees;
- accounting of fixed assets, advances and accountable persons;
- preparation of periodic reports for the company manager;
- preparation of data for annual financial reports.
The specific scope of services depends on the company's activities. For example, for a VAT payer, regular checking of VAT documents and preparation of the FR0600 declaration is important. The State Tax Inspectorate indicates that the FR0600 is usually submitted by the 25th of the next month after the tax period ends.
What documents need to be submitted?
Usually, every month you need to submit sales and purchase invoices, bank statements, cash documents, contracts, business trip and advance reports, working hours, and other employee data.
The frequency of submitting documents is agreed individually. It can depend on the number of documents, declaration deadlines, payroll calculation dates, and reports needed by the manager.
Payroll and Notifications for Sodra
When a company has employees, monthly accounting can include calculating salaries, vacation pay, sick pay, and other amounts related to employment. Mandatory notices and declarations are also prepared.
„Sodra“ states that the SAM report provides information on wages and social security contributions assigned to employees, and for the current month, it is usually submitted by the 15th of the following month.
What information does the company manager receive?
Accounting services should not be limited to just submitting declarations. According to the agreed scope, we can provide the manager with information about payable taxes, customer and supplier debts, cash balances, income, expenses, and other necessary accounting indicators.
The form and frequency of reports are adjusted according to the company's size and the manager's needs.
How do we start cooperation?
- We discuss the company's situation. We assess the operations, employees, VAT status, the number of documents, and upcoming deadlines.
- We check the state of the accounting. We determine if there are any unsubmitted declarations, unbalanced accounts, or missing documents.
- We agree on the scope of work. We define which tasks we perform and what information the client provides and when.
- We take over the accounting. We get the necessary accesses, opening balances, and data handed over by the previous accountant.
What does the monthly accounting price depend on?
The price depends on the number of documents and bank transactions, the number of employees, VAT status, the type of activity, the systems used, inventory or fixed asset accounting, and any additional reports needed.
Before providing a quote, we assess the actual workload, so the service price isn’t determined solely based on the company’s legal form.
Why choose Buhalterija.com?
We handle the accounting for UAB, MB, and VšĮ, coordinating the document transfer process, deadlines, and service scope in advance. We aim for the company manager to receive not only the submitted declarations but also understandable information about the accounting status.
Related accounting services
If the company has a small number of documents and transactions, check out accounting services for small companies as well.
If you want to transfer documents completely electronically, read about remote accounting services and document transfer in accounting.
More about choosing services and pricing: how to choose accounting services and what determines the price of accounting services.
Frequently asked questions
Brief answers before we start working together.
01How often do accounting documents need to be transmitted?+
We coordinate the periodicity of document transfer according to the company's activities, the amount of documents, the date of salary calculation and declaration deadlines. Most often, documents are transferred once a week or once a month.
02Can monthly accounting be managed remotely?+
Yes. Invoices, bank statements, contracts and other accounting documents can be transmitted electronically, so it is not necessary to come to the office for daily accounting work.
03Will I receive reports for the company manager?+
Yes. We coordinate the content and periodicity of the reports individually. They can include payable taxes, debts of buyers and suppliers, income, expenses and other indicators needed by the manager.
04Can you take over accounting from another accountant?+
Yes. Before the takeover, we assess the state of the accounting, reconcile the opening balances, incoming accesses, unsubmitted declarations and other transferred documents.
05What does the monthly accounting price depend on?+
The price depends on the number of documents and bank transactions, employees, VAT status, operational complexity, asset or inventory accounting and required additional reports.