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Accounting services
Accounting. Finance. Audit. We will justify your trust!

Setup and Implementation of an Accounting System

A good accounting system is one of the keystones of any successful business. Creation of an accounting system includes setting up an established procedure aimed at efficient maintenance of tax, management and accounting records, within the scope of the regulatory framework. All it takes is to organize the company’s record keeping skilfully and you will eliminate any systematic errors, thus avoiding fines. An accounting system developed by professionals provides a logical system for the company’s record keeping, control, and financial and economic activity.

Creation of an accounting system includes:

  • Analysis and assessment of the company’s document circulation of business processes
  • Developing of the chart of accounts.
    Developing of a unique procedure for the company's accounting operations
  • Developing of job descriptions for the specialists involved in accounting and financial processes
  • Developing of personnel records, including the documents on keeping employee records, control over the payments of salaries, holiday pay and sick pay.
  • Development of the company’s internal control system.
    Developing of management and financial reports.

Why is the creation of an accounting record keeping system needed?

Skilfully organized accounting system is helpful for any company especially in case of its reorganization or expansion, as well as for the newly established companies as a guarantee of a successful further activity.

Creation of an accounting system will permit a company to:

  • Determine employees whose objective is to process the company’s source documents according to the legislative enactments
  • Setup a consistent chart of accounts
  • Develop required job descriptions.
  • Put in order stock ledgers of goods and material values with control over their write-off and sale
  • Minimize the financial losses from penalty sanctions by selecting an optimal tax regime for your company, as well as creating an efficient internal control system for calculation of taxes, duties and payments

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Our projects

COVER LV_2014_sm.jpg

In cooperation with the publishing house LLC “PVN Konsultacijas” was prepared for publishing a new book addressing the application issues of the new Law on VAT.

To get this book: 

PVN Konsultācijas SIA  

t. 29 62 00 20.