Setting up an Accounting System
Our Company offers services in setting up an accounting system both for new entities starting their activity and organizations developing new business areas.
Setting up an accounting system at the stage of business start-up allows to improve accounting according with the specifics of the certain business, thus providing for drawing up authentic and well-prepared financial statements, reducing tax implications of complex transactions and operations and required labor costs of document flow.
Procedure of setting up an accounting system includes the following:
- Working out the most applicable principles and methods of accounting and tax recording which will be in accordance with the specifics of business;
- Developing the basis for recording policy for the purposes of accounting and tax recording;
- Planning bills and standard operations with regard for the specifics of business;
- Working out internal rules and duty regulations for accounting staff;
Implementing and monitoring the accounting system.