Accounting

Baker Tilly Baltics outsources accounting services to foreign and local entities, holding companies, foreign branches and representative offices, sole proprietors and self-employed persons.

Our accounting services typically include:

• Financial and tax accounting
• Preparation of financial statements
• Payroll calculations
• Internal reporting
• Tax and bookkeeping advice
• Invoice billing and processing
• Preparation and execution of bank transfers
• Tax calculations and submitting tax returns by EDS
• Preparation of supporting documents
• Drafting of accounting manuals, procedures and instructions
• Legal address.

Accounting is provided in accordance with the statutory provisions of Latvia, national Accounting Standards and/or International Financial Reporting Standards. Most services are provided using Baker Tilly Baltics office premises and software accounting programs, however, we also focus on tailor-made accountancy for large international clients seeking outsourced accountants that adapt their own software products.

All services are priced by hourly charge-out rates set in the agreement with a client. The fixed monthly fee is available if a number of hours or transactions do not exceed an upper limit set in the agreement.

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