Accounting services in Latvia include:
Initial inspection of source documents.
Entering the source documents into accounting registers.
Calculation of salaries and preparation of payroll.
Calculation of vacation and preparation of vacation payment list, sick-pay calculation.
Preparation of other documents concerned with employees (for example, preparation of working time table).
Calculation of taxes and interpretation of information about amount of taxes, terms of payments and bank account numbers.
Preparation and submission to State revenue service and other institutions all necessary reports (including VAT reports, payroll reports, annual reports, declaration about personal and company income tax).
Preparation of organizational documentation concerned with accounting.
Advantages of using an outsourcing accounting services:
You do not need to create working place for accountant (so you can diminish expenses).
Usually circulation of information in accounting company is greater (so representative of accounting company has more information about events related to accounting and taxes).
You do not need to pay for vacation to accounting company.
You can control all information and documents which you give to accounting company, so accounting company will receive just necessary information and documents for accountancy.
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