Accounting and outsourcing services

Our services include management of statutory accounting and business records in line with Croatian regulations, as well as business requirements of the client.

Accounting services

 In general, our accounting services include:

  • initial set up of accounting records,
  • managing general ledger, customers and suppliers sub-ledgers, fixed assets registry and related depreciation calculation, material accounting (warehouse and store records), production (work in progress, finished goods),
  • preparation of documents, recording transactions and system data entry (such as incoming and outgoing invoices, bank statements),
  • coordination of customer/supplier balances with customers/suppliers and related communication, 
  • calculation and preparation of VAT returns, CPT returns, withholding tax returns, special taxes and levies reports etc., 
  • preparation and submission of statutory reports to governmental institutions (Tax Authorities, Croatian Pension fund, Croatian Health Insurance fund, Regos, Financial agency - FINA, Croatian National Bank, Hanfa etc.),
  • processing of Internet payment orders and related data entry,
  • additional support during Tax Administration's inspection (participation with the authorized representative of the client before the relevant tax and financial authorities, for the purpose of interpreting and explaining results of information from the services provided) and other inspections and audits.

Payroll services

Payroll services generally include the following:

  • monthly salary calculations, bonus and other benefits calculations, tax, surtax and mandatory contributions calculations, calculation of deductions and compensations from salary as well as calculation of refund of compensations that are considered to be income from employment (sick leave, holiday etc. on the basis of data provided by your side),
  • calculations of copyright fees, other contract fees, student employment fees, member of the supervisory board fees etc. – by agreement,
  • making pay slips and bank orders to transfer money to employees' accounts, as well as making bank orders for tax, surtax and mandatory contributions due (includes delivery of all of the above to the responsible individual from your team), 
  • making and delivering payment recapitulations, individual bank transfer orders (or alternatively payment of orders via Internet banking by special Power of Attorney),
  • preparation of monthly reports on income from employment, tax, surtax and mandatory contributions (ID form),
  • preparation of monthly reports on other income (IDD form)
  • preparation of monthly reports on calculated and paid mandatory contributions, tax and surtax (R-Sm form),
  • preparation of individual annual reports on income related to employment and pension (IP form) and special records of income from employment (DNR i IDD-1 form), (includes keeping and managing of employees' tax cards and delivery of above reports to every employee for whom the salary calculation is operated),
  • preparation of entries and accounting posting orders, 
  • submission of relevant forms to relevant institutions, when applicable, 
  • support with registration of employees with relevant governmental entities

Furthermore, payroll services can include the following:

  • management of individual employees' files (personal data, confidential data, benefits data, qualifications etc.), 
  • storing of original documentation (work contracts, work booklets, PK cards and other personnel data),
  • managing and processing of work time, holiday leave, other leaves (sick leaves, unpaid leave, maternity leave etc.),
  • support with creating, updating and storing of other personnel data, 
  • preparation of periodical reports concerning usage of work time, work efficiency, statistical groups relating to qualifications and other by appointment.

Reporting services

Reporting services include the following: 

  • drafting of accounting policies in accordance with relevant laws and legal obligations,
  • statutory reporting (currently on a quarterly or annual basis) in accordance with Croatian Accounting Act and other relevant regulations. These services include the preparation of notes to financial statements and submission to relevant bodies,
  • management reporting on a monthly basis (or by appointment), in line with applicable accounting standards, in Croatian currency - Kunas (or other currency upon Client's demand), 
  • drafting and checking of credit questionnaires and related communication with the bank, by appointment, 
  • consolidated financial reporting (locally or for group purposes), if applicable.

 

 

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