Bookkeeping includes:

upon start of cooperation: entering opening balances into accounting software; processing accounting documents and entering data into books; processing evidence for value added tax; fixed assets and related agenda (preparation of depreciation schedule); weekly/monthly statements: accounts payable, accounts receivable; cash receipts and disbursements; preparation year end accruals compilation of annual financial statements and book inventory accounts;
annual statements: balance sheet; profit and loss statement.

The period and mode of transmission documents is agreed with a client beforehand.

Tax returns:

On the basis of information and documents you provide and above mentioned records and data processed we will prepare all necessary regular standard legal statements, tax returns for state institutions and financial authorities (VAT tax, road tax, income tax legal entity/incom tax for individuals, wages tax, real-estate tax, withholding tax etc.) and filings needed.

Accounting services:

Accounting methods and procedures are integral part of accounting agenda, their correct application often depends on type business activities of the client and accounting events and therefore this part is being provided separately within the framework of our consulting and administrative services. Partial accounting, either on request the client or following our recommendation, such as calculation of travel expenses, reconciliation of accounts payable, accounts receivable and bank accounts with customers up to balance sheet day, protocol of assets and inventory, multiple bookkeeping etc., will be provided separately, within the framework of our administrative services as well.

The both bookkeeping and the accounting procedures are necessary parts of complete accountancy to comply the processing data in accordance with the Czech legislation.

Additionally we provide other services and support as consultancy services, administrative services concerning accounting e.g. monthly closing of books, giving management reports (in Czech and English), drawing up accounting guidelines.