Accounting – bookkeeping



Accounting service is the base service of our agency which is provided by a number of professional accounting officers.

Accounting officers are making, monitor and analyze financial reports, each one of them is fully capable of independent management of business books and the production of final accounts.

Services include following:

  • ongoing training and advice on the implementation of regulations in the financial management / accounting / financial / tax sphere of our client’s business
  • bookkeeping: journal, general ledger and subsidiary records;
  • analytical accounting : customers, suppliers, fixed assets, goods and services etc. Production, raw materials, finished products bookkeeping
  • calculations of retail and wholesale prices, keeping KEPU book (Goods and services records);
  • keeping VAT records, calculation and VAT tax returns
  • analysis and financial indicators on demand in order to provide information for management so that optimal tax return policy is applied ( fully aligned with Serbian regulations ) as well as for general management policy and decisions.
  • balance sheet, income statement, statistical annex, tax statements and tax return, corporate income tax and personal income tax
Our clients are micro and small enterprises (companies, Ltd.), branch offices of foreign companies, entrepreneurs of different sizes and activities.

Online access to accounting reports
The Agency provides the client with a continuous 24-hour online access to all of his accounting reports. It is possible to agree that the client enters a part of business changes in the bookkeeping application: the management of wholesale supplies, calculations and retail markets, business expenses and the like. In this way, the Client has a complete direct insight into everything the Agency is guided by.

Our services are carried out at day-to-day basis
that enables us to keep daily promptness of all accounts, balances and statements to be reported to authorities as well as to business management.

No.Type of serviceWill be completed
1.Payment of the cash to bank accountThe same day
2.Collection of checks on current accountsIn 24 Hours
3.Updating and printing of trade books (data entry of daily cash receipts)In 24 Hours
4.Processing of retail calculations (entry of goods in retail)In 24 Hours
5.Booking of daily cash receipts in retailIn 24 Hours
6.Wholesale calculations (input goods in the wholesale, including import)In 24 Hours
7.Outgoing invoices from wholesaleIn 24 Hours
8.leveling of the prices, transfer notesIn 24 Hours
9.Production, raw material intake and consumption, cost of finished goodsIn 24 Hours
10.Current account’s, foreign currency accounts statementsIn 24 Hours
11.The accounts of the operating costsIn 24 Hours
12.Exchange transactions (Dinar to / from foreign currency)In 24 Hours
13.Payroll and other employee benefits (electronic applications with unified billing)In 24 Hours
14.Registration to Social insurance institute(M-1)In 24 Hours
15.Sign out of employees from Social insurance institute (M-2)In 24 Hours
16.Health cards issuanceIn 24 Hours
17.Validation of health cardsIn 24 Hours
18.Submission of tax returns for VATLatest one day before deadline
19.Submission of annual accountsLatest 10 days before deadline
20.Submission of the annual tax balanceLatest 3 days before deadline
21.Submission of PPP forms (The individual tax return)Latest 10 days before deadline

Bank account, payment and treasury services



  • cash payments
    • submitting daily cash receipts to bank account;
    • cash payments – salaries, treasury, petty cash;
    • current account checks processing
  • bank account transactions
    • bank account statements paper or digital – collecting and filling or printing;
    • transferring or notifying to client in most proper way;
    • E banking – according to client’s needs and demand, can be provided with all commercial banks.
  • foreign exchange/cross border payments – all in and out payments and necessary bank applications including foreign exchange trade transactions.
Bank account payments and cash transactions service is provided to all clients with all commercial banks chosen by our client. We have established E-banking with all banks, and use all the applications they offered (Halcom, Pexim, FX client, Web aplication).


Payroll, HR, reporting to social insurance and pension and disability insurance funds



  • payroll for employees, directors, founders and owners – net, gross, taxes and contributions, deductions from net salary;
  • benefits calculation (sick leave up to 30 days, over 30 days, maternity leave, etc.), reporting to Healthcare and Pension funds;
  • calculation of other personal income (allowance, meal allowance, travel costs);
  • calculation of fees applied to temporary service contracts, part-time employees and similar;
  • rental costs calculation, capital gains;
  • keeping analytical records;
  • records of all accounts and payments, compilation of M-4 and PPP forms (individual tax returns).
Compilation of appropriate tax returns and timely submitting to the Tax Administration.

Regarding HR services we provide full service with Social insurance and Pension funds:
  • employment contracts, temporary jobs contracts, contract on supplementary work, service contracts and similar;
  • registration and cancelation – workers, directors, founders and owners, in the Pension Funds
  • registration and cancelation – workers, directors, founders and owners, in the Social insurance
  • decision on vacations, leave and similar
  • various certificates / confirmations of employment, the amount of income and similar;
  • entrepreneurs’ salary registration in the analytical records of the Pension Fund;
  • registering years in service of employees with Pension fund
  • health insurance cards – issuing new and validation of existing with Healthcare fund


Tax administration



We are giving full service regarding taxes:
Preparation and submission of all statutory tax calculations and reports in accordance with CIT Law, VAT Law, PIT Law, Property Tax Law and other relevant taxes

  • we will apply for tax authority statements and provide necessary reconciliation
  • possible tax pay back
  • you can authorize us for all necessary actions and / or correspondence with tax authorities so that we can represent, support or advise you in all matters related to tax authorities
  • we are in daily close contact with tax authorities
  • due dates and proper reporting is of our utmost attention and care


Consultations



These services are provided in written, in form of meeting or by phone.

In case of more complex matters we prefer written communication in order to prepare the most suitable solutions for our clients.

It’s possible to organize training or support in client’s premises also.

Possible subjects of consolations are of very wide range of business matters and mostly dependent on client dilemmas or questions. Based on our knowledge and experience we’ll do our best to find and suggest the best solution.