Accounting services for everyone
Social exclusion poses a significant challenge for numerous individuals within the working-age population. One avenue for empowering unemployed job seekers or individuals with disabilities is the establishment of a social cooperative as a business venture. The process of running a business involves a substantial volume of administrative tasks, encompassing the requirement to manage financial documentation for both the Tax Office and the National Court Register.
In such a scenario, it is advisable to ensure that the bookkeeping of the social cooperative is handled by a team of specialized professionals. This ensures not only adherence to legal obligations but also meticulous management of the business finances. At our accounting office, we provide services encompassing full financial management of the enterprise, consultation, and specialized budget assistance.
Why does a social cooperative need accounting?
The regulations explicitly stipulate that social enterprises are obligated to maintain complete financial records. The entrepreneur bears the responsibility for adhering to statutory requirements for accounting information preparation. Consequently, how does a social cooperative effectively manage its accounting processes? The tool for this is the annual financial statements, which include, among other things:
- introduction to the report,
- statistical financial settlement – balance sheet,
- income statement – cost and revenue analysis,
- additional information related to the activities of the social cooperative.
Undertaking such accounting responsibilities demands careful preparation and expertise. We take immense pride in alleviating this burden for our clients by diligently preparing reports that present their company’s financial status in a lucid and comprehensible manner. In the context of a social cooperative, accounting entails rigorous monitoring of income and expenses, a task we wholeheartedly undertake while advocating for socially oriented enterprises.
Advantages of having an external accountant handle the accounts of a social cooperative
- use of an expert financial service for the business when dealing with the Tax Office and National Court Register (KRS),
- reducing the stress associated with excessive bureaucracy,
- transferring responsibility for how the cooperative is held accountable,
- co-development of the company’s financial area with experts,
- joint planning of accounting activities,
- support in accounting for grants,
- participation in project implementations,
- ability to create financial forecasts and a broader view of the company’s resources,
- access to advisory services,
- support in the human resources management process – creation of contracts, documents or personnel files.
Clear accounting of cooperative’s accounts
We are dedicated to simplifying the accounting process for all social enterprises that rely on our services. Our paramount goal is to ensure that our clients comprehend the budgetary prospects inherent in managing a cooperative. We aim to enable them to formulate their plans, initiatives, and concepts based on pragmatic possibilities and well-defined objectives, cultivated through collaborative efforts with our proficient accounting department.
Our approach hinges on a collaborative partnership where we undertake full accountability for the accounting facet. Throughout business operations, intricate regulations impacting the company’s financial position and intricate legal intricacies are frequently encountered. In these challenges, we stand as a steadfast support, assisting entrepreneurs in their resolution. Our consultancy meetings empower clients to focus entirely on steering their social cooperative, secure in the awareness that a proficient team is diligently tending to the company’s financial matters.
The annual reports we compile are meticulously designed for effortless comprehension. Our earnest endeavour is to render the balance sheet in a reader-friendly format that highlights the pivotal aspects of the accounts in an accessible manner. We meticulously manage the structure of the accounting documents we generate, considering it our duty not only to accurately account for the social cooperative but also to craft coherent and accurate documents that elucidate the financial status.
What to look for when choosing a good accounting firm?
Proper bookkeeping is an invaluable support for the formal side of a business. There are several key factors to consider when choosing the right accounting office. These include:
- the experience of the establishment concerned,
- high qualifications,
- company’s focus on customers in a particular industry sector,
- position of the company in the market,
- focus on continuous development and updating of knowledge in the field of corporate accounts,
- amount of public liability insurance,
- preferred method and frequency of contact.
Seeking the input of current users of the accountancy firm’s services can be a valuable step. A positive brand reputation is an asset that every business strives to cultivate over the span of several years.
Opt for an office that, by fulfilling the mentioned criteria, instills in its clients the assurance that their financial affairs are in the hands of a dependable ally. Place your trust in dedicated financial experts who continually enhance their expertise to offer superior guidance. Explore our competitive rates and steer your business towards your chosen trajectory for growth.
We warmly invite you to take a look at our collaboration offerings!
Our services include
- Keeping of accounts
- Payroll services
- Personnel services
- Design services, support in the preparation and implementation of projects financed from European and other sources
- Financial management
- Advice and legal services
- Miscellaneous administrative work
Detailed scope of services per group
Accounting services
- Keeping of the Commercial Register in as per the current legislation
- Keeping goods and services tax registers
- Preparation of relevant tax returns
- Delivery of the abovementioned declarations to the relevant Tax Offices
- Preparation of reports for statistical and tax purposes
- Representation before tax and other authorities
Accounting services
- Establishing the individual Chart of Accounts of an entity
- Keeping fixed asset records
- Settlement of accounts with counterparties
- Preparation of tax payment documents
- Supervising tax payment deadlines
- Provide explanations to the Principal and at his request in connection with the performance of the contract
Payroll services
- Payroll preparation for the client’s employees (also segregated for projects)
- Preparing obligatory forms and declarations pertinent to the insurance of our client’s employees, and subsequently submitting them to the relevant authorities.
- Maintenance of personal salary slips for employees
- Preparing and delivering documents related to the client’s role as payer to the relevant authorities
- Preparing contractual payment documents
Personnel services
- Maintenance of personnel files
- Preparing documents related to the establishment and termination of employment contracts
- Drafting of the relevant annexes
- Ensuring timely medical examinations and health and safety training
- Calculating and controlling accrued holiday days
- Storing the aforementioned documents
Project services
- Searching for sources of funding
- Providing support for the application process in financial terms
- Project budgeting
- Preparing financial and accounting documentation for projects
- Day-to-day supervision of project finances
- Preparing project accounts
- Preparing financial payment applications
Financial management
- Preparing and analyzing reports
- Liquidity management
- Enterprise risk analysis
- Preparing and implementing procedures and improvements within the company
- Participating in IT implementations
- Exchange rate risk management
- Participating in negotiations, evaluating commercial agreements
- Team leadership, structure building and staff appraisal policy
- Administration management – control of contracts, documents, approval levels, workflows
- Other
Legal services
We work with reputable advisers and law firms.
- Registration of entities with the National Court Register, amendment of articles of association, registration of business activities
- Tax law
- Labour law
- Business law
- Other
Virtual office and other administrative work
- Dealing with administrative matters for the client
- Address sharing
- Handling the customer’s telephone, e-mail
- Running the chancellery
- Other
