Accounting and VAT

Advances in technology and globalisation over the last decade have prompted organisations to rationalise scarce resources. Resource shifting from non-core activities is nowadays a common boardroom agenda item. Our clients’ drive for outsourcing vary. Many outsource to free-up resources, including valuable human capital, and to allow their organisations to focus on and engage in projects that add value to the business.

Tapping to the pool of knowledge of a specialised partner ensures local compliance with the full range of statutory and commercial regulations from the start; this includes awareness of international accounting standards. Thus the organisation is free to focus on its primary business objectives. We provide accounting services to organisations operating in Cyprus and abroad, which can encompass:

• computerised bookkeeping
• reconciling the bank balances monthly with the bank statements
• periodic financial reports for specialised entities such as international trusts, investment management companies and mutual funds
• preparing financial reports by products and/or segments
• preparing ageing analysis of debtors and debtors statements
• compliance with statutory filing deadlines
• logistical support on bank and cash
• logistical support on sales and debtors, purchases and creditors functions
• assistance with the preparation of tax and VAT returns