Accounting services for retail companies help put in order both the day-to-day invoices and inventory accounting and the finer points - where an error in VAT treatment, goods documents or currency transactions can create unnecessary tax risks.
Contact usOne of the most sensitive areas in retail is the VAT treatment of goods transactions between several EU countries. Before recording the transaction, you have to understand where the goods actually move, who the buyer is, who the supplier is and which documents support the particular supply chain. So the question isn't only about stating VAT correctly on the invoice, but also about whether the logic of the transaction itself is in order - why the particular regime applies, how the movement of goods can be proven, and whether it can be justified if VID later asks questions.
For companies that import goods from suppliers outside the EU, in turn, particular attention has to be paid to customs documents and the classification of goods. If goods are classified incorrectly, it isn't enough to look only at the fact that the invoice is paid and the goods received into the warehouse, because the classification affects the taxes payable, the accounting documents and how the import is later matched with the sale.
Transactions in other currencies in retail also have to be recorded carefully, so that the company's manager can see what has really been earned from selling goods, which part of the result arises from exchange-rate fluctuations, and how these differences affect the period's profit.
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.