QuickBooks Ukraine

QuickBooks Online (developed by Intuit Inc.) – one of the most popular accounting programs not only in the United States, but throughout the world. The main advantages of the software are a large automation percentage, which makes it possible to synchronize with a large number of banks and other payment services, such as PayPal, Stripe TransferVise, as well as integration with most major e-commerce platforms like Amazon, Alibaba and Ebay. Despite this, even before mid-2019, QuickBooks accounting services in Ukraine was not supported and without VPS services it was impossible to use it. Petterson & Bennett, as QuickBooks ProAdvisor, has experience in accounting support for companies registered in the United States, so we know and understand your needs like no other and can advise and implement accounting services in Kyiv and Ukraine. We also work with the American CPA (Certified Public Accountant), which will professionally explain the tax peculiarities in the USA and recommends ways of tax optimization or planning.

Peculiarities of accounting in QuickBooks in Ukraine

Compared to the United States, in Ukraine accounting is conducted only according to national or international financial reporting standards on an accrual basis, therefore the use of the cash basis is prohibited. Also, if you use QuickBooks in Ukraine, do not count on synchronization with banks and the use of payroll, reporting and some other modules. At the same time, you can still upload a bank statement in csv format and download it to the program for transactions and account reconciliation. Unfortunately, the Intuit products is also not adapted to the Ukrainian specifics of tax accounting, therefore, to automate the generation of reports, it will be necessary to use some kind of program that is adapted to local features, for example 1C. As an option, accounting in QuickBooks and 1C can be used in simultaneously, which will somewhat complicate the life of accountants, but will enable company’s management to see the financial picture and make deliberate management decisions.

Accounting Services in QuickBooks Online in Ukraine

Petterson & Bennett has significant accounting experience in the QuickBooks Online software, so we like no one else know how to customize it to the requirements of the business and which tariff plan to choose. We will advise you on the specifics of accounting for your particular company in Ukraine, whether you can simply use your ERP or if you still need to keep records in several programs simultaneously, and also prepare the necessary calculation files in Excel.

Among other things, our accounting services include:

- QuickBooks setting up and implementing for a company registered in Ukraine. Set up an appropriate chart of accounts;

- Consulting on the features of using the program in Ukrainian, Russian or English;

- Entering documents in QuickBooks and conducting of accounts reconciliation;

- Payroll calculation;

- Organizing of financial, managerial and tax reporting,;

- Verification of the completeness and correctness of entering information into the program and reporting.

Advantages of ordering accounting services in the QuickBooks at Petterson & Bennett in Kiev (Ukraine)

Petterson & Bennett is one of the market leaders in the provision of accounting services and advices on QuickBooks Online in Ukraine, due to factors such as:

- Continuous investment in staff training. Among our employees, there are QuickBooks ProAdvisers experts, as well as financial accounting specialists according to international standards;

- We have experience working with both American and Ukrainian companies, so we have thorough knowledge and the specifics of their activities;

- We communicate in Russian, Ukrainian and English, so we will not have any inconvenience or misunderstanding during communication;

- Our American partner, who is CPA, will help to deal with the nuances and questions of taxation in the United States where necessary.

If you still have questions or want to order accounting services or consulting on the QuickBooks program in Ukraine, please contact us, we are ready to help you.