Accounting

Your accounts will be kept online and the best possible use of technology is made, such as shared data storage, joint access to accounting software, online banking systems, interconnection to clients’ online stores and other in-house systems, and loading electronic invoices directly into accounting software or web-based reporting tools. 

View the types of clients we’ve worked with.

Our work and accounting methods 

• We keep accounts in compliance with the Czech Accounting Act and adhere to regulations stipulated for entrepreneurs, non-governmental non-profit organisations and entities fully funded or co-funded from public budgets, and International Financial Reporting Standards (IFRS) are followed.
• We take full responsibility – work is carried out well and its quality is guaranteed. In the case of an error, we own up to it and rectify it, and any related loss is ours.
• We draw attention to changes in legislation and advise on whether and how to react to them.
• Our team can temporarily stand in for a chief accountant or other senior staff in accounting / the financial department. During an agreed period, we can carry out the job duties of the specific position, e.g. during sickness/maternity leave, until a new employee is found, and so on.

How much does it cost? 

• The usual arrangement is for a client to pay a fixed monthly fee, one determined by the average extent of cooperation in total. Nothing else is charged. Instead, we review the actual scope of cooperation annually and propose a change if it does not match the current billing level. The client is informed of the actual scope of work, so they know what we do and what they are paying for. Transparency is upheld at all times. 

Cooperation is adapted to the needs of the client

• We process accounting in ABRA Flexi software by default, which means the client doesn’t pay for the software or a license but still has access to the system just like we do; the levels of access are client-specific: while read-only access is enough for some, others may wish to manage their petty cash agenda, issue invoices or keep records of invoices received. If the client doesn’t wish to have access to the software, all data are available from us in another way.
• Upon request, the client can provide us with access to their software and we then work in that specific accounting application/program. Most often, work is carried out in SAP, Microsoft Dynamics (Navision), Helios, ABRA, Pohoda or Money systems.
• Documents are usually sent online via shared data storage, but should this not be possible on the client’s side, there is still the option to post paper documents or hand them over in person.

What else do we do? 

• We can review and double-check accounting data and advise how to correct any errors or discrepancies. 
• Recommendations are given on anything that needs to be changed, set up or prepared so that the client can implement ideas and plans, whether in a corporate or non-profit sphere. We always seek out the most effective mutual solution – for the client and us. We strive to excel in cooperation.
• Advice is available on setting up in-house processes. We can translate procedures into a system of guidelines, and help implement reporting processes to serve company governance and financial management. 
• Reporting is conducted to inform consolidation within a group in accordance with Czech or international (IFRS) accounting standards.