The concept of outsourcing some activities related to the day-to-day running of the company has proven to be an effective way to improve performance in many countries. Many companies have found it beneficial to eliminate all departments not directly related to their primary line of business: sales, manufacturing, or services.

We provide accounting services for small and medium sized businesses (accounting services only in Latvia, Lithuania or Estonia) and offer an efficient and friendly service that offers cost-effective solutions for your accounting and payroll needs in all Baltic States. We implement a full financial analysis of accounting and timely notification of the manager about any risks that threaten successful business development. We take care of preparing accounting reports, all necessary accounting documents related to Latvia and submitting them to the State Revenue Service, Central Statistical Office and other institutions of the Republic of Latvia.

Our accounting services in Latvia include:
Financial accounting and reporting
Accounting for special purposes (payroll, accounting in the customer system, helping foreign customers to fill out VAT returns, etc.)
Preparation of annual accounts
Creation of regulatory documents (e.g. internal accounting regulations)
Communication with the tax authorities
Complete management of the company's accounts
Accounting advice in day-to-day business
Beyond creating the books and reports, we continue to work with the client. At this stage, our services include, among other things, monitoring the accounting activities performed by the client and assisting in solving accounting issues.

Our services also include:

Ad hoc support for internal finance staff, financial controllers and management on accounting and tax issues
Assistance with statutory or internal audits
Conducting periodic reviews of accounting records and procedures
Implementation of a model for posting transactions in the group's single currency
Implementation of a reporting model for group reporting purposes
Development of a methodology for creating and controlling the company budget
Optimization of finance and accounting function in one of the following countries – Latvia, Lithuania or Estonia
Changes in internal and external conditions and volumes often lead to new problems and challenges for every company. We help our customers to identify and implement the most advantageous solutions. We offer a wide range of services supporting the organization and operation of accounting and financial services, in particular:

Evaluation and benchmarking of existing finance and administrative functions
Solutions to specific accounting problems related to merger, reorganization, bankruptcy and liquidation
Support in the selection and implementation of billing systems
Formulation and streamlining of existing accounting and financial control procedures
Implementation of "Fast Closing" procedures
Implementation of an onsite or offshore shared service center across multiple locations and countries
Updating selected procedures/rules for the proper recording of business transactions (e.g. creation, circulation and checking of accounting documents); Ensuring the effective flow of financial information and documents