In addition to daily accounting, we undertake the following activities:

• Document storage/archiving

• Payroll

• Calculation of additional and holiday pay

• Sick days calculation

• Calculation of vacation reserve

• Communication with the Tax Board

• Communication with the Health Insurance Fund

To make running your business even easier

• We provide you with a monthly table with key indicators so that you have an up-to-date overview of your company's performance. Monthly financial indicators provide a quick but good overview of the company's variables.

• We will help you make the transition quickly and easily. If necessary, we will organize and review your accounting from previous years.

• We provide quick and professional answers to any questions you may have. Our entire team is here for you.

• We advise when raising capital, in the event of mergers or divisions of companies, we formalize decisions of the executive bodies of companies.

• We provide guidance on registering as a VAT payer with the Tax and Customs Board, including helping you conveniently and quickly request a refund of overpaid VAT;

• We prepare an annual report.

When does it make sense to outsource accounting?

Independent accounting

Accounting for smaller businesses is not particularly difficult. A person who has previously studied accounting or economics can probably handle it very well on their own. In fact, there is always the option of using accounting consulting or taking training to get a clear picture.

When deciding to do your own accounting, you must not forget that accounting always needs to be done very thoroughly and carefully, and it cannot be done very quickly.

It is often difficult to predict when the volume of accounting will increase. As a company grows, accounting also becomes more complex.

Accounting from outside

Nowadays, the role of an accountant is no longer just to do accounting. It often happens that entrepreneurs themselves do not know what kind of help they need from an accountant. A good accountant can also give advice and, of course, prepare the necessary forecasts and reports.

As a company grows and accounting becomes larger and more complex, it may make more sense to accounting service buy in. This is precisely because proper accounting takes time. It is also wise to use accounting software.

If you entrust your company's accounting to the safe hands of an experienced accountant, you will avoid the headache of making mistakes in your accounting and having to spend a lot of time correcting them.

It is worth outsourcing accounting if:

• you have set the main goal of growing your business. By doing your own accounting, you are wasting valuable time that could be used to expand your business;

• the company has grown large enough that the time spent on accounting is very high. By focusing on your own business, you help your company more than just by saving on accounting;

• Accounting has become more complex, so a professional accountant is a good helper because he or she knows what rules you need to be aware of. Also, if the company is planning to expand, an accountant can help you understand the tax laws of other countries;

• A company has to deal with large amounts of money. If you do your own accounting, it is easy to make mistakes, and when moving large amounts of money, they can be very costly. It is important that all transactions are legally declared and liabilities are paid.

Professional accounting helps minimize risks, and the accountant knows how to use tax breaks with maximum efficiency.

How to proceed?

Even if you have decided to handle your business accounting yourself, it is wise to consult a professional accountant to get the big picture. However, if you have decided to entrust your accounting to an experienced accountant, Grow Finance is here to help!