Accounting services for IT companies help put in order both the day-to-day records and the finer points - where an error in international settlements, subscription income or licence payments can cost more than the accounting itself.
Contact usOne of the most sensitive areas for IT companies is transactions with related companies abroad. If development, maintenance, management or licensing services are provided to parent, subsidiary or group companies, you have to assess whether the settlements meet the arm's-length principle and whether the company has sufficient justification for the price chosen. So the question isn't only about issuing the invoice correctly within the group, but also about whether the chain of reasoning itself is clear - how the price was set, why it applies, and whether it can be justified if VID later asks questions.
In SaaS, subscription and multi-year software contracts, in turn, particular attention has to be paid to recognising revenue over time. If a client pays for access to a system or service over a longer period, it isn't enough to look only at the invoice date or the money received, because you have to assess when the service is actually delivered and what obligations the company still has towards the client. Errors often arise exactly here - revenue is recognised too early, while the costs of development, maintenance and support continue and affect both the result and management decisions.
Cross-border payments for consulting, management services, royalties or intellectual-property licences also have to be assessed separately, because in certain situations a withholding-tax risk can arise. If such payments are treated merely as ordinary supplier invoices, it becomes hard to tell whether the substance of the transaction, the contract terms and the tax treatment match what is actually happening between the parties. This matters especially when software rights, a brand or a development result are used in several countries, but the accounts have to show who the income belongs to and in which country the tax consequences arise.
Accounting prices are split into tiers based on your company's activity and workload. So from the start it's clear what drives the monthly fee and how much service you actually need.
Day-to-day bookkeeping rarely stands apart from tax, so your accounting data, tax returns and the consequences of transactions are looked at together. That helps spot, in good time, the situations where a document needs not just recording but a proper look at its impact on the company.
They say a good accountant is one you barely notice day to day, because the returns are filed, the documents are in order and the State Revenue Service (VID) stays quiet. That's exactly how we see our work - the accounting routine should be organised so it doesn't demand your constant attention.
We provide accounting and tax support both in everyday bookkeeping and in situations that call for weighing up a transaction, a State Revenue Service (VID) matter or an uncertainty from an earlier period. Not every question is complicated, of course - but it matters that, when one comes up, there's someone to ask.