Accounting services mean keeping, restoring and reviewing a company's accounting and tax records by an outside firm under a contract. Key Solutions keeps the books of LLCs and other companies in Kyiv and remotely, prepares their reporting and helps with VAT disputes with the State Tax Service.
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In short
- For: companies without an in-house accountant, VAT payers, importers, IT companies and agribusiness.
- In this section: monthly bookkeeping, reporting, payroll, restoration of accounts, IFRS, VAT and tax invoices.
- Outsourced bookkeeping under a contract is expressly allowed by Art. 8(4) of Law No. 996-XIV.
- Fees: agreed by contract, based on the number of documents, VAT status and headcount.
- How to start: tell us your tax system, headcount and number of documents per month.
Who needs accounting services
An outside accounting team suits companies that need bookkeeping without an in-house department, and those with a one-off complex task.
- new LLCs that do not yet have an accountant;
- companies whose accountant has left or whose books are behind;
- VAT payers whose tax invoices are being suspended;
- importers, IT companies and agricultural producers with industry-specific accounting;
- companies with foreign owners that need IFRS reporting.
Bookkeeping for sole proprietors sits in the small business section: accounting for FOPs. Ways of organising accounting are compared in our article on outsourced accounting services.
How to choose an accounting service
Pick the row that describes your situation. Several tasks can be combined in one contract.
| Situation | Service |
|---|---|
| You need monthly bookkeeping without an in-house accountant | accounting services and outsourcing, accounting for an LLC |
| The books are behind or the accountant has changed | restoration of accounting |
| A tax invoice is suspended or the company is on the risk list | unblocking tax invoices, exclusion from the risky taxpayers list |
| You are entitled to a VAT refund | VAT refund |
| A bank or the owner asks for IFRS statements | IFRS conversion of financial statements |
| Import, IT or agriculture | accounting for importers, accounting for IT companies, agricultural accounting |
| You need payroll and HR records | payroll outsourcing |
How we take over the books
- Diagnostics. We check balances, filed reports and source documents.
- Contract. We fix the areas, reporting deadlines, fee and responsibility.
- Handover. We take over the database, registers and documents against a list.
- Monthly work. We keep the books, calculate taxes and file reports on time.
How much accounting services cost
Accounting fees are agreed by contract as a monthly amount. The fee depends on:
- the tax system and VAT status;
- the number of source documents and bank transactions;
- headcount;
- foreign trade, currency transactions and separate divisions;
- the state of the books at the start.
One-off tasks, such as restoring accounts, IFRS or a VAT refund, are priced separately.
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
What do accounting services for a business include?
Accounting services include recording transactions from source documents, tax calculations, tax invoices, payroll, tax returns and financial statements. The list of areas is set out in the contract. Restoring accounts, IFRS and VAT refunds are separate services.
Can a company in Ukraine outsource its accounting?
Yes. Art. 8(4) of Law No. 996-XIV allows a company to entrust its bookkeeping under a contract to a firm working in accounting or audit. The rights and duties of the parties are set by the contract.
How much do accounting services in Kyiv cost?
Accounting fees are agreed individually. They depend on the tax system, VAT status, number of documents, headcount and foreign trade. We quote a monthly fee after reviewing the books and fix it in the contract.
What if the books for past periods are behind?
We first restore the accounts for the open periods: we reconcile balances, settlements with counterparties and the budget, and filed reports. The company then moves to monthly bookkeeping with clean opening balances.
Do you work with companies outside Kyiv?
Yes. Our office is in Kyiv, and companies elsewhere in Ukraine are served remotely: we exchange documents electronically and hold consultations by phone or online.
Let us discuss your accounts
Tell us your tax system, whether you pay VAT, your headcount and roughly how many documents you have per month. We will reply with the scope, fee and start date.
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