AB ways - Accounting Firm
AB ways
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Introduction

Accounting Services in Latvia

Home > Accounting Services in Latvia

Accounting services for legal persons.

  • Preparation of accounting methodology and the start-up of accounting
  • Preparation of source documents (invoices, cash receipts and cash expense documents)
  • Examination of source documents and and recording the documents in the accounting registers (bookkeeping of assets, liabilities, revenues and expenditures)
  • Systematization of primary documents

description

  • The calculation of salaries/wages (vacation, sick payment)
  • Record-keeping of long-term intangible assets and fixed assets
  • Maintenance of the necessary accounting registers
  • Calculation of taxes and sending information about the amount of taxes, payment terms and details for payment (if necessary, preparation of tax payment in online bank)
  • Preparation and filing of tax returns
  • Preparation and submission of reports to the Central Statistics Office
  • Comparison (reconciliation) of balances with customers and suppliers
  • Preparation of annual report
  • Participation in possible tax audits (examinations)
  • Consultations regarding accounting and taxes
  • Assessment of situation and preparation of applications
  • Preparation of internal operational reports

Accounting services for natural persons.

  • Keeping a journal of income and expenses from economic activities
  • Keeping a journal on accounting for value added tax
  • Preparation of tax returns and declarations
  • Calculating capital gains and preparing a declaration
  • Consulting on accounting and taxation
  • Preparation of applications and other documents

Exchange of information and deciding about procedure of providing of accounting services.

Procedure - scheme of providing of the accounting services is following:

  • Receiving of source documents and information about business activities of certain period
  • The processing of documents and information and recording of transactions in accounting registers
  • Solving of potential questions related to documents and information of the reporting period
  • Preparation and submission of tax returns
  • Information about tax payments or preparation of tax payments in the online bank
  • Performing of other work related to accounting and bookkeeping
  • Payment for accounting services

Organizational documents of accounting.

Accounting registers and chart of accounts.

Preparation, checking and registration of primary documents.

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