Accounting services

Design the Company’s accounting policy, valuation methods and ledger accounts
Maintain the sales and purchase ledger on behalf of the Company
Monthly keeping of accounting registers according to the International Financial Reporting Standards (IFRS) and the National Accounting Standards (NAS)
Daily accounting check-up
Monitoring and control of cash flows
Ensure that all invoices are stored securely and kept for at least the mandatory period

Compulsory VAT registration
Optional VAT registration
Preparation and submission of VAT returns to the relevant tax offices on monthly basis
VAT refunds

Payroll accounting

Provide payroll accounting for the Company’s employees and maintain individual payroll data
Provide payroll accounting for any temporary employees of the Company
Prepare reports to the local authorities as required by local law
Act as the point of contact with authorities and represent the Company
Prepare data and statistical reports according to local law
Produce payroll calculations for input into the Company’s accounts
Calculate the tax and social and health insurances to be paid

Maintenance of employee records

Maintain full records of all employees on the payroll
Maintain records of all temporary employees
Ensure that records are kept up to date for all employees joining and leaving the payroll
Ensure that records are stored securely and kept for at least the mandatory period

Labour administration

Prepare documents for joining and leaving employees
Summarise work hours on the basis of maintaining an attendance register
Record holidays and permissions for holidays
Record sickness absences
Ensure that Company is kept up to date with changes to employment laws
Prepare data reports to local authorities on sick leave, pension contributions etc.
Produce compulsory information to be given to employees

Manage bank transactions (and associated statement reconciliations)
Manage petty cash book (and associated reconciliations)
Monitoring, preparation and submission of payment documents for the funds of social and health insurance, income tax, other taxes and charges and company expenses;
Act as second signatory on all bank transactions (if needed)

Preparation of required financial management reports on monthly, weekly or daily bases for the Headquarters and Owners in relation to the financial status of the Company
Ensure that accruals and prepayments are accounted correctly.
Ensure that the management reports are sent on time to the central management
Prepare a comparison of the Company’s actual performance compared to Annual Plan
Production of ad hoc reports when required

Preparation and submission of the Official Annual financial reports, report forms and filling in of tax returns in accordance with IFRS, NAS and Bulgarian tax legislation
Consolidated reporting services
Accounting reconciliation
Ensure that accounts are produced in accordance with IFRS and NAS
Present all documents (with associated calculations and explanations) to auditors as and when required and produce audit papers.
Produce any statistical reports as required by local law

Prepare and file all regular tax reports (VAT, Corporate tax, Personal income tax, Local tax and all other tax declarations as required by local law)
File modifications to company set up with the local tax authorities as appropriate
Ensure that Company is informed of all payable taxes and informed when there any changes to local law
Represent the Company at all tax authorities, as and when requested by those authorities
Preparation of the necessary tax statistical reports
Preparation of all year end tax declarations
Tax administration representation

Assist the Cental Management and Managing Director in producing papers for the Annual Plan for the Company.
Estimate costs for future years
Preparation of Daughter Company Budgets