Published 24 August 2023. Some rules have changed since; ask us for the current position.
Sound bookkeeping is an essential part of running a stable, successful business in any sector. Yet few entrepreneurs can handle their company's accounts on their own without specialist training. That is why almost every new business owner, and many experienced ones, sooner or later look for someone to provide reliable accounting services.
Which accounting services for businesses do freelance accountants and firms most often offer?
You can hand your bookkeeping to a freelance accountant or to a firm that specialises in keeping the books for businesses, companies, corporations and other organisations.
Most often, accounting services ordered from a freelance accountant or a specialist firm include:
- checking primary documents and organising the company's document flow;
- financial and tax accounting;
- preparing financial statements;
- filing reports on time with the State Tax Service, the Pension Fund and other regulators;
- full support for the company's financial transactions;
- payroll for the company's staff;
- support during inspections by regulators.
What to look for when choosing an accounting service
When you hire a freelance accountant or an audit firm to keep your books, look at:
- relevant professional education;
- work experience;
- reviews from business owners who have already used the audit firm you are considering or, for a freelance accountant, references from a previous employer.
Freelance accountant or audit firm: who should keep your books?
For most businesses the better choice is an audit firm. It has a carefully selected team that can handle a wide range of tasks to agreed deadlines, knows how different industries work, and bears financial responsibility for the quality of the accounting it provides.
Working with an audit firm will also help you:
- focus entirely on your core business processes;
- save time and money;
- keep your accounting running without interruption.
One such audit firm in Kyiv is Key Solutions, which has been providing accounting support to leading companies in Kyiv and the Kyiv region for several years. Our qualified staff will help you keep your company's books.
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