Accounting services for telecoms companies help put in order both the day-to-day invoices and the finer points - where an error in receivables, service bundles or inter-operator settlements can cost more than the accounting itself.
Contact usOne of the most sensitive areas in telecoms is the receivables from post-paid contracts. Before writing off an unrecoverable debt, you have to check that the write-off procedure has been followed and that enough information about the collection process has been gathered, because an unjustified write-off can distort both profit and the tax calculation. So the question isn't only about whether the client no longer pays the invoices, but also about whether the company's chain of reasoning is in order - when the debt was deemed doubtful, why it was written off, and whether it can be justified if questions arise later.
In bundled-service contracts, in turn, particular attention has to be paid to recognising revenue by service type. If a single invoice gives the client internet, voice and television, it isn't enough to look only at the total monthly fee, because you have to assess which services were actually delivered, what the contract terms are and how to reflect each service's revenue in the given period.
Interconnection and wholesale charges between operators also have to be recorded in the correct periods, so that the company's manager can see what really relates to the current month, what is still receivable from another operator, and which part will only be clarified after the mutual settlements are reconciled.
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.