Bookkeeping

This is one of our core competences. We will do your accounting to the highest standards according to the Bulgarian Accounting Principles. Optionally, we can produce a consolidated P&L and BS according to IAS or US GAAP.

Payroll

We do the payroll for all our customers. We are using accounting and payroll softwares that are interlinked and provide both for perfect accounting of payroll. The latest legislative changes are automatically implemented and complied with.

Tax Audits and Tax Returns

We will do all the statutory work for you - submit all tax returns on time and take care of all legal and tax requirements for your company or business. We will provide you with advice how to manage your taxes.

Cash Management

For some of our customers we provide cash management. The service is all-inclusive, ranging from payments to suppliers, to collections from customers. We are using a software allowing us to do electronic banking.

Billing and Invoicing

We can do the billing of customers for your company based upon contractual agreements. We can also issue invoices on your behalf.

Financial Statements

The financial statements are supplied to all our customers on a monthly basis or upon request. They are automatically set in our accounting system.

Business and Financial planning

We are in a position to help you with or develop for you a business plan for you business or company. Among our employees we have experts distinguished for their planning skills who have won BAIF competitions for best developed business plans.

Prices

We provide a set of customer tailored services to each account. Accordingly, our prices are very customer specific. Please, contact us and we will get back to you with a complete offer.

Average Prices

Standard Accounting Services

1. Booking customer invoices

2. Booking customer payments

3. Booking supplier invoices

4. Booking supplier payments

5. Booking customs clearance documents

6. Payroll calculation and payslip preparation

7. Booking of salaries

8. Keeping fixed asset register

9. Calculation and booking of depreciation and amortization

10. Bank reconciliation

11. Petty cash reconciliation

12. Profit tax calculation

13. Monthly calculation of alternative taxes

14. Balance list report

15. Monthly Profit and Loss Statement

16. Monthly Balance Statement

17. Annual Balance Sheet and P&L

The price for standard accounting services is 1.2 BGL per transaction.
The minimum monthly price is 120 BGL.
A transaction is an accounting entry of two lines - debit and credit.

Value Added Services

Service	Price
1. VAT declaration, Payment and Sales ledgers reports	90 BGL per month
2. Preparation of Social Security declaration on diskettes	20 BGL per month
3. Electronic banking - supplier payments, customer payment, current account balances, payments to tax authorities	200 BGL installation fee plus bank taxes, 75 BGL per month
4. Manual preparation of payment orders	95 BGL per month
5. AR report	10 BGL per month
6. Getting bank documents from the bank	30 BGL per month
7. Submission of tax declarations to tax authorities	15 BGL per month
8. Management and planning of cash flows	50 BGL per month
9. Management and reduction of tax liability	95 BGL per month + additional expenses
10. Issuing of electronic invoices to customers	75 BGL per month
11. Issuing manual invoices to customers	2 BGL per invoice
12. Business Plans	upon agreement
13. Consultancy services	30 BGL per hour