Outsourcing of the financial and tax accounting

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Reducing the cost of logistics and maintenance of your own financial department

Saving time and financial resources on interaction with regulatory and fiscal authorities

Work with accounting documentation and organization structures to ensure the productive work of the enterprise

An effective way to increase the transparency of the company’s business processes, optimize its costs, and increase investment attractiveness is financial outsourcing, which consists of the transfer of financial functions and related assets to the management of third-party highly qualified specialists.

Instead, the company has more opportunities to concentrate its efforts and resources on the development and improvement of the main type of activity, and to significantly minimize its tax and accounting risks, as well as to reduce its material and technical costs.

EBS accounting outsourcing services include:

  • Full accounting and tax accounting of the Company;
  • Preparation and submission of necessary reporting in accordance with Ukrainian legislation (VAT, Income Statement, financial reporting, and other reporting);
  • Conducting all primary documents in 1C;
  • Making bank payments to the client-bank in accordance with the approved payment calendar, buying/selling currency, generating bank statements;
  • Informing the Company without primary documents;
  • Informing the Company about significant changes in tax legislation;
  • Storage of primary documents in the EBS office.

The cost of accounting outsourcing

The cost of services is calculated individually according to the needs of each client. Sign up for a free meeting and we will calculate the cost of services, provide all information on cooperation and discuss the optimal conditions for you.

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What are our advantages?

  • Increasing organizational flexibility and efficiency of management decision-making;
  • The possibility of providing a set of services (Multiservice partner);
  • Access to international practices and experience of experts working with different industries;
  • Guaranteed staff reserve;
  • Reduction of tax risks and probability of fines;
  • Competent support during inspections of state bodies;
  • A strict confidentiality agreement with each EBS employee;
  • Development of professional skills of employees;
  • Own team for implementation and support of BAS products (1C);
  • Quick response to requests (communication in English);
  • Reduction of salary, tax, and accounting overhead costs;
  • Avoidance of any losses related to unqualified work of accountants;

Accounting outsourcing as an investment in company development

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Improving the quality of accounting

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Optimization of management decisions

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Focusing on strategic planning and development

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Attracting new investments and opportunities

Benefits of accounting outsourcing with EBS

01

Economy

Reduction of accounting costs

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Reduction of processes

Avoiding duplication of functions

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Speed

Prompt response to client requests

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Quality

Optimization and improvement of the quality of the accounting and tax accounting system

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Modern approaches

Technical and software at a high level

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Volumes

Large volumes of information processing by our specialists

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Topicality

Constant monitoring of legislative changes

08

Experience

Gained experience at leading enterprises

We will be happy to hold an introductory meeting with you to clarify all the details and requests and a FREE consultation on setting up the accounting outsourcing process

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    years on the market

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    Outsourcing of the financial and tax accounting

    A lot of employers have understood that doing business in Ukraine you face many risks and issues. One of the peculiar features is constant change of the legislation. The Ukrainian organizations have adapted to such work conditions, but their international partners are often not ready for cooperation in such conditions, since they are used to promote their business in a sustainable situation. In order to understand all nuances of the ever changing market, you need to cooperate with the team, which knows and understands all novelties, and can easily adapt to the current situation.

    EBS company offers accounting outsourcing services to its clients. We were the first, who introduced outsourcing of the financial accounting and management to the Ukrainian market. Our team wants to ensure ideal functioning of the client’s business, expert accounting and outsourcing.

    Financial outsourcing is an efficient way to strengthen transparency of the company’s business processes, optimize its expenditures and increase its investment prospects. Financial outsourcing means transfer of the financial functions to the third party professionals.

    The company obtains more opportunities to concentrate all its efforts and resources to develop and improve its core business, significantly minimize its tax and accounting risks, and reduce its material and technical expenditures.

    Financial outsourcing is the most important for medium and big companies with complex corporate structure and big volume of initial documents, since it allows not only to reduce expenditures for accounting and avoid duplication of functions, but also to optimize and improve quality of the financial and tax accounting system as a whole.

    Further, when performing certain corporate reorganization or changes, improved quality will promote optimization of the managerial decisions and focus on strategic planning and development, it will also open new opportunities for the companies with regard to relations with foreign investors and work on the international financial markets.

    Consulting company EBS provides financial outsourcing services to the Ukrainian and foreign companies, operating on the territory of Ukraine. Transfer of the financial outsourcing functions can be performed partially or completely, depending on the needs and reasonability for each individual company.

    Provision of the financial outsourcing services by EBS stipulates, that the latter shall perform functions of the Chief Accountant and/or Accounting Department, including:

    • Reconstruction of the financial and tax accounting in accordance with the Ukrainian standards, and reconstruction of financial and management accounting in accordance with the requirements of the IAS/GAAP.
    • Provision of consulting services and selection of the financial systems, management of  the system’s introduction.
    • Training of the corresponding personnel of the company to work with the system and basic accounting training.
    • Permanent maintenance of the accounting records.
    • Preparation of the obligatory quarterly financial statements.
    • Calculation of the corresponding taxes for the enterprises in accordance with the Ukrainian tax  legislation. Submission of the quarterly financial statements to the corresponding tax institutions.
    • Coordination of work with the tax inspection;
    • Preparation of monthly (weekly) financial statements, management reports using the form of IAS/GAAP in accordance with the requirements of the owner, investor.

    BENEFITS

    • Reduction of expenditures for the salary, taxes and maintenance of the accounting records;
    • Avoidance of any losses, connected with the unskilled work of the accountants;
    • Reduction of expenditures for equipment and maintenance of your own financial department;
    • Increase in the organizational flexibility and speed of managerial decision making;
    • Concentration of the company’s resource on its main business;
    • Saving of time and cost needed to interact with the regulatory and fiscal institutions;
    • Preservation of 100% loyalty;

    Guarantee of confidentiality and professionalism — we are responsible for your accounting and exclude any possibility of old mistakes replay.

    Our team includes people, who are monitoring the changes in the Ukrainian legislation; they are always ready to provide recommendations on these changes and their influence on the business. In order to avoid negative influence on the client’s company, we are ready to work with the accounting records and structures of the organization, ensuring efficient work of the company in any political and economic environment. Outsourcing of the accounting is an efficient way to achieve the desired result, it may seem to be expensive, but it will recoup the costs during the first months of the company’s efficient work.

    Outsourcing of the accounting: cost

    A lot of businessmen are likely to have asked about the price of the accounting outsourcing. It is not easy to answer this question, because the final cost depends on many factors, and the most significant among them is condition of the financial system of the company at the moment when you address EBS.

    Accounting outsourcing is good value for money, it is work of the professionals which brings good results.