Accounting services for marketing and advertising companies help put in order both the day-to-day invoices and the finer points - where an error in VAT treatment, campaign accounting or revenue recognition can cost more than the accounting itself.
Contact usOne of the most sensitive areas for marketing and advertising companies is the reverse-charge VAT on advertising, media and digital-platform services, especially when the supplier is outside Latvia. Before recording an invoice with reverse-charge VAT, you have to check the supplier's status, the place of supply and whether the service is, in substance, an advertising or platform service. So the question isn't only about reporting VAT correctly in the return, but also about whether the company's chain of reasoning is in order - to whom the reverse-charge regime is applied, why it applies, and whether it can be justified if VID later asks questions.
In performance-based and campaign contracts, in turn, particular attention has to be paid to revenue recognition at the end of the period. If a campaign runs over several months, it isn't enough to look only at whether the client has already been invoiced, because you have to assess the service actually delivered, the reporting stages and how to reflect the campaign's actual state on the given date.
Monthly retainers, advances and freelancer costs also have to be recorded separately, so that the company's manager can see what has actually been earned, what is still an obligation to the client, and which part relates to future periods.
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.