Accounting outsourcing

Accounting outsourcing means the transfer of an accountant's functions to a third-party organization. As a specialist company, PETTERSON & BENNETT enters into an agreement with a business and fully or partially keeps the books and tax records, generates financial reports, and liaises with the tax service. The business saves on hiring a full-time employee and benefits from the expertise of certified English-speaking accountants. Accounting outsourcing is not a one-off occasion, but a long-term or even permanent service. Therefore, it is important to carefully select a partner.

Why do businesses outsource their accounting services?

Outsourcing of accounting services allows the business:

• to optimize and organize their accounts;
• to avoid hiring a staff accountant, since not every company, especially at the beginning of operations, can afford an extra member of staff;
• to create an effective tax control system;
• to keep financial and managerial accounts;
• to save on purchasing professional accounting programs and their maintenance.

Our offer for accounting outsourcing in Kiev

Our company provides accounting services to small, medium and large businesses of any legal form of ownership. Our principal customers are foreign companies and their representatives in Ukraine, as well as citizens of foreign countries.

We work with companies in the following industries:

• Agriculture;
• Wholesale and Retail Trade;
• Transport and Logistics;
• Energy;
• Industrial Manufacture;
• Pharmaceuticals;
• Consulting;
• Telecoms and IT.

We offer two formats of business accounting support in Kiev:

• comprehensive outsourcing (a complete keeping of books and tax records and generation of financial and accounting reports). This format will suit the company that wants to fully focus on doing business;
• outsourcing of individual accounting functions (primary bookkeeping, financial and tax reporting). The company can delegate us a part of the work: either that which causes the greatest difficulties, or standard everyday tasks that consume their time.

Comprehensive accounting outsourcing service in Kiev includes:

• bookkeeping (reporting all accounting transactions according to primary documents, and ongoing consultations);
• fixed assets accounting (depreciation and amortization);
• preparation, maintenance and systematization of primary documents, according to the Ukrainian legislation (e.g. generating bills, acts, invoices, payment documents);
• registration of tax invoices with tax authorities and verification thereof by their counterparties (if necessary);
• generation and submission of mandatory reports in due time, calculation and payment of taxes and other deductions;
• checking the details of counterparties as taxpayers in the tax database (including VAT, if necessary).

Do you need professional accounting support for your business? Contact PETTERSON & BENNETT today!