Blog Accounting

Verification of accounting and reporting correctness

Contents: Methods of evaluating accounting correctness Who conducts the accounting audit How audit is conducted In accordance with Russian legislation each company is required to maintain accounting records regardless of what industry the company operates in, how many full-time employees and subsidiaries it has. Some organizations are also legally bound…

Jul, 23 2020
Checkup of accounting

Contents: When accounting check is necessary First stage: preparation Second stage: access to the accounting database and express check Third stage: obtaining a certificate of taxes and fees Fourth stage: checking the possibility of fraud with the current account Fifth stage: control of transactions on the current bank account Sixth…

Jul, 23 2020
Internal accounting audit

Contents: Tasks and goals of internal accounting audit Internal control elements Functions and principles of internal audit How to set up company’s internal audit service Internal audit steps Accounting – is a system of collection, registration, and analysis of data about company’s business activity in financial terms. Russian legislation requires…

Jul, 23 2020
Audit of accounting and reporting organization

Audit of accounting and reporting organization is designed to create an impartial view of documents’ reliability as well as information reflected by them. The law obliges legal entities to keep records and keep financial statements, so that the company will be able to provide them to partners, auditors, and employees…

Jun, 11 2020
Accounting and analysis of financial results

Accounting and analysis of financial results are mandatory procedures for enterprises of all legal forms, including LLC. Information on financial results is necessary for comprehensive assessment of the company’s commercial activity. This data is important for owners and executives to make the right management decisions. Moreover, investors, banks, insurance companies…

Jun, 10 2020
Accounting of services provision

Commercial companies usually offer customers and partners not just the products but services as well. It may be the main or associated company’s activity. In any case, if the company provides services, they are subject to accounting. According to the Tax Code a service is an activity, results of which…

Jun, 10 2020
Audit according to sectoral accounting standards

Audit according to sectoral accounting standards is a mandatory procedure for companies which are legally bound to comply with sectoral accounting standards. This category includes non-credit financial and microfinance organizations, management companies, and other businesses. For such companies timely and careful reporting is essential part of business legitimacy. Sectoral accounting…

Jun, 10 2020
Accounting services of contracts

According to legislation, a contract is an agreement of two or more persons include civil rights and responsibilities. Conclusion of contract entails to establishment of a legal connection between parties to agreement. Therefore, in contractual relationship, subjective rights and obligations of parties are realized. An agreement implies contractual obligations: one…

Jun, 02 2020
Accounting services

Professional accounting will allow business owners to make decisions without taking unnecessary risk and will protect them from penalties which may be imposed by tax and other inspection authorities. Accounting services imply several directions of work. The first one is reporting and taxation which includes the following tasks: Forming and…

Jun, 02 2020
Analysis of the company’s assets accounting organization

Analysis of the company’s assets accounting organization is a complex procedure designed to assess the state of the company. The balance sheet provides information on the placement and use of enterprise funds. At the same time, one of the key criteria evaluating financial condition is the speed of asset turnover….

Jun, 01 2020
Accounting services and tax accounting

Contents: What does accounting include? Differences and peculiarities of tax accounting Main principles Tax reporting options The law requires to record and systemize information about the objects of business activity – this is what accounting is particularly involved in. It implies that professionals will form financial reports on the main…

Jun, 01 2020
Accounting services at simplified tax system

Contents: Who can use the simplified tax system? Accounting peculiarities while applying STS Mandatory accountancy All commercial entities including small and medium sized companies and sole proprietors are obliged to do bookkeeping. However, bookkeeping under simplified tax system has some peculiarities. Although it is easier in comparison with the requirements…

Jun, 01 2020
Verification of accounting records

Verification of accounting documentation is an important procedure aimed at preventing errors. Inaccuracies and errors in documents arise for various reasons: due to negligence, insufficient qualifications of the staff, overwork of employees, malfunctions of computers. Errors can be identified when calculating totals and when putting documents to registers. Therefore, all…

Jun, 01 2020
Accounting setup services

Accurate setup and maintenance of accounting helps not only to avoid claims from the regulatory authorities. It also helps owners and company executives to make the right decisions, pay more attention to solving strategic problems, without being distracted by the routine. Professional accounting protects against unnecessary risks and fines. VALEN…

Jun, 01 2020
Accounting restoring

Each company must maintain accounting, as well as submit accounting and tax reporting regularly. But sometimes for some reason, accounting and tax accounting was not kept or was maintained incorrectly. Then you should appeal to companies, offering accounting restoration services in order to make your enterprise operate normally again. When…

May, 10 2020
Accounting for individual entrepreneurs

The current legislation obliges not every individual entrepreneur to maintain accounting records, nevertheless filing statements with tax authorities on a regular basis is a must for all. This is regulated by Federal Law No. 402-FZ. Non-compliance with the requirements entails fines and compulsory liquidation for the entrepreneurs. If it is…

May, 10 2020