Accounting services for businesses in Ukraine cover bookkeeping, tax and payroll records and financial reporting, kept by an outside firm under contract. Key Solutions serves small and mid-size companies across Ukraine, from source documents to annual accounts and audit preparation.
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In short
- When you need it: a new or growing company, a warehouse or production site, a departing chief accountant, or a first statutory audit ahead.
- What you get: bookkeeping under contract, filings on time, the annual stock count, financial statements and a document pack for the auditor.
- Start: in our experience, with complete documents we take over from the next reporting month after the review.
- Cost: agreed individually, depending on transaction volume, headcount, inventory and VAT status.
- First step: book a consultation and tell us your line of business, tax system and number of employees.
Accounting for small businesses and growing companies
What a Ukrainian company must file depends on its size category under Law No. 996-XIV, set by two of three indicators: total assets, net revenue and average headcount (Art. 2(2)).
| Category | Limits (two of three) | What changes |
|---|---|---|
| Micro | Assets up to EUR 350k, revenue up to EUR 700k, up to 10 staff | Short-form statements (Art. 11(3)), filed by 28 February |
| Small | Assets up to EUR 4m, revenue up to EUR 8m, up to 50 staff | Short-form statements by 28 February, no management report (Art. 11(7)) |
| Medium | Assets up to EUR 20m, revenue up to EUR 40m, up to 250 staff | Full statements, management report, publication with an audit report by 1 June |
A company that grows into the medium category faces a statutory audit and publication duty (Art. 14(3)), so we track revenue and headcount ahead of time.
What our business accounting services include
- bookkeeping from source documents in your accounting system;
- bank, cash, customer and supplier balances, reconciliation statements;
- VAT and registration of tax invoices in the Unified Register (ЄРПН);
- payroll, HR paperwork, personal income tax, military levy and social security contributions;
- inventory, cost of production and fixed assets with depreciation;
- corporate income tax or single tax returns and financial statements;
- answers to tax authority requests and data for auditors and owners.
Each client has a dedicated accountant. We file reports with the tax authority on the company's behalf under a power of attorney or an agreed e-signature procedure.
How we work
- Review of the books We check balances, settlements, recent filings and source documents.
- Contract and scope We agree which areas we cover and which stay with your staff.
- Accounting policy We set inventory valuation, depreciation and the document calendar.
- Monthly books and filings We record transactions, run payroll and file returns.
- Stock count, annual accounts We run the year-end count and prepare the financial statements.
- Audit preparation We prepare schedules and documents and answer the auditor's questions.
Timelines
In our experience, with complete documents we take over from the next reporting month after the review; gaps in earlier periods are restored first. After that the work follows the Tax Code calendar: monthly returns within 20 calendar days after the month end, quarterly ones within 40 days (subparas. 49.18.1, 49.18.2).
What affects the cost
- documents and bank transactions per month;
- inventory, production and fixed assets;
- number of employees and contractors;
- VAT status and foreign trade;
- company size: management report, audit preparation;
- the state of the books at the start.
The fee is agreed individually: we quote a monthly amount after the review and fix it in the contract.
What we need from you
- Charter, register extract and accounting policy order.
- The accounting database, recent filings and last year's financial statements.
- Bank statements and source documents for the current period.
- A power of attorney or an agreed e-signature procedure for filings.
- A contact person who sends documents by the agreed date.
Result
- Reports filed on time, with tax authority receipts.
- A monthly list of taxes due with amounts and dates.
- Year-end stock count records and signed financial statements.
- A management report for medium-sized companies.
- Schedules and documents ready for the auditor.
Statutory audit for medium-sized companies
Medium-sized and large companies that are not securities issuers publish annual financial statements with the audit report and management report by 1 June of the following year (Art. 14(3) of Law No. 996-XIV). We organise the statutory audit end to end: a partner audit firm listed in the relevant section of the Register performs the audit and signs the report, and Key Solutions prepares the books and statements and supports the company until publication. To order it, see mandatory audit of financial statements; who needs one is explained in mandatory audit in Ukraine, and a voluntary audit for owners or banks is described under audit of financial statements.
Find out the cost
Tell us your line of business, tax system, headcount and whether you hold inventory. We will reply with the scope and the fee.
Legal framework
Rules the work relies on
- Art. 2(2) of Law No. 996-XIV — company size categories.
- Arts. 8(4) and 11 of Law No. 996-XIV — accounting under contract, short-form statements, management report.
- Arts. 10 and 14(3) of Law No. 996-XIV — stock counts and publication of statements with the audit report.
- Tax Code, subparas. 49.18.1, 49.18.2 — filing deadlines for returns.
- Art. 164-2 of the Code of Administrative Offences — fines on officers for accounting breaches.
Risks and why to hand the work to a team under contract
Officers are fined for missing accounting records, false data in financial statements, failure to file them and late stock counts (Art. 164-2 of the Code of Administrative Offences). A mistake in inventory valuation or depreciation changes corporate income tax, and a missed move into the medium category leaves the company without an audit report on the publication date. The firm is liable to you under the contract, and its head signs the financial statements with your director (Art. 11(1) of Law No. 996-XIV). Corporate and contract matters are handled by legal.ua.
Why Key Solutions
- Company
- AUDIT FIRM KEY SOLUTIONS LLC (ТОВ «АУДИТОРСЬКА ФІРМА «КЕЙ СОЛЮШНЗ»), EDRPOU code 39610085. The company's details are public in the Unified State Register (ЄДР).
- Contract
- We work under a contract: the scope, deadlines and responsibility are agreed before the work starts. Client information is protected by professional secrecy (Art. 11 of Law No. 2258-VIII).
- Group
- We are part of Innova Consulting Group: legal matters are handled by legal.ua, crypto-asset taxation by crystal.tax.
- Office
- Our office is at 77 Velyka Vasylkivska Street, Kyiv. Clients elsewhere in Ukraine are served remotely. The specialists who run our projects are listed on the Our employees page.
Frequently asked questions
How much do accounting services for a small business in Ukraine cost?
The fee is agreed individually and depends on transaction volume, headcount, inventory, VAT status and company size. We quote a monthly amount after reviewing the books and fix it in the contract. Restoring past records and stock counts are priced separately.
Can a Ukrainian company work without an in-house accountant?
Yes. Art. 8(4) of Law No. 996-XIV lets a company have its books kept under contract by a firm working in accounting or audit. The financial statements are then signed by the director and the head of that firm.
Can we outsource only part of the accounting?
Yes. The contract lists the areas Key Solutions covers, such as payroll, tax filings or annual statements, and the rest stays with your accountant. Each side's responsibility is set out separately.
What changes when a company becomes medium-sized?
It prepares full financial statements and a management report and publishes them with an audit report by 1 June (Art. 14(3) of Law No. 996-XIV). Micro and small companies file short-form statements and are exempt from the management report.
Who performs the statutory audit if Key Solutions keeps our books?
A partner audit firm listed in the relevant section of the Register performs the statutory audit and signs the report. Key Solutions organises the process, prepares the books and statements and supports the company until publication.
Do you work with foreign-owned companies?
Yes. We keep books for Ukrainian companies with foreign owners. The statutory records stay in hryvnia, and at the users' request the statements may also be presented in a foreign currency (Art. 5 of Law No. 996-XIV).
Related services
Let's discuss your company's accounts
Tell us your line of business, tax system, headcount and whether you hold inventory or run production. We will reply with the scope, the fee and a start date.
Book a consultation Order the service +38 (068) 777-14-74 Telegram WhatsApp