Anastasia Borovaja

Partner, Head of outsourcing services

IBR Outsourcing: driving efficiency and growth Read more

Grant Thornton Baltic has long been a trusted adviser to public interest entities and privately held companies operating in different industries and business sectors. With the in-house support from our tax, financial and legal departments, offices in all three Baltic States and Grant Thornton family members in over 130 countries, we render professional and comprehensive accounting services to local, regional as well as international companies.

The accounting department of Grant Thornton Baltic holds expertise in all matters related to the organization of the accounting and reporting processes. Our primary practice areas include accounting/bookkeeping, reporting, payroll, tax compliance, temporary staffing of accounting personnel and other outsourcing services. Below the services are outlined in more detail. All of them can be offered either in full or partial proposition depending on the client needs. We provide accounting services according to the local accounting standards and if requested by the client, we can perform transformations into IFRS and/or US GAAP. Upon the client’s preference we use either our accounting software (Internet-based or non-Internet based) or the client’s software.

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Bookkeeping/Accounting:

  • Full cycle accounting and bookkeeping services
  • Partial accounting and bookkeeping services (e.g., accounts payable/receivable, fixed assets, travel and expense reports, etc.)
  • Full or partial tax accounting
  • Representing the client in communication to auditors or state authorities and addressing their queries on behalf of the client

Reporting:

  • Preparation and submission of annual reports (also consolidated reports)
  • Preparation of group reports based on client’s instructions
  • Preparation of management reports based on client’s instructions
  • Preparation of budgets, financial analyses, financial forecasts, budget fulfilment reports, cash flow reports, etc. based on client’s instructions
  • Preparation and submission of local statistical, Intrastat, central bank and other specific reports (e.g., packaging, customs, etc.)

Payroll and related services:

  • Calculation of payroll
  • Preparation and submission of payroll-related tax declarations
  • Keeping vacation reserve
  • Registration/deregistration of employees in social security institutions
  • Money movement to employees’ / tax authorities’ accounts
  • Administration of personnel-related documentation

Tax compliance:

  • Preparation and submission of following declarations: VAT, payroll-related tax, CIT, excise duty and other tax declarations
  • Representing the client at tax authorities and addressing their queries on behalf of the client

Temporary staffing:

  • Part-/full-time temporary replacement of CFO, chief accountant and/or other accounting staff

Other services:

  • Registration of companies /tax payers
  • Business address rental
  • Re-engineering accounting processes and proceduresadaptation of finance systems
  • Consulting and support on development of accounting and ERP software
  • Accounting process design, organisation and effectiveness measurement
  • Document archiving
  • Administrative support: scanning of documents, preparation of administrative documents, assistance in arranging accounting information, etc.
  • Training on accounting topics

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Payroll and financial accounting is always on time and accurate

„We live in a world that puts a premium on speed, accuracy and trustworthiness. As a provider of international sports statistics, we live by those values and expect the same attitude from our partners and service providers.

Close to 15 years of cooperation with Grant Thornton Baltic has vividly demonstrated that we are a great fit for each other. Payroll and financial accounting for our Estonian-based company with its 220 employees is always on time and accurate. Besides the fact that the numbers always add up, we are also glad that there is a good fit between people. Grant Thornton’s specialists are characterised by their forthcoming, friendly attitude and sincere desire to always offer the best.“

 

Joel Järvela, Member of the management board of Sportradar OÜ

Contact us and let's discuss your company and the possibilities of our corporate accounting and outsourcing services.