Accounting

A professional accounting team, with international experience will bring you high end expert service. We take care of everything, from primary registration, book keeping, payroll services , tax consulting, business planning, archiving and taking care of you accounts.

We offer consulting at any time of your convenience. Our service is highly confidential as our client list.

WE HELP YOU FOCUS

Why should you be stacked in administration and accounting work. We take the burden off your shoulder’s and help you focus on what really matters to get your business growing.

With our archiving capacities and constant education of our staff, monitoring ever changing regulations and global finance requirements we are sure we can be a valuable ally in your expansion.

ACCOUNTING AND BUSINESS

Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing, analyzing and reporting these transactions. The financial statements that summarize a large company’s operations, financial position and cash flows over a particular period are a concise summary of hundreds of thousands of financial transactions it may have entered into over this period. Accounting is one of the key functions for almost any business.

ACCRUAL ACCOUNTING

Accrual accounting is an accounting method that measures the performance and position of a company by recognizing economic events regardless of when cash transactons occur. The general idea is that economic events are recognized by matching revenues to expenses (the matching principle) at the time in which the transaction occurs rather than when payment is made (or received). This method allows the current cash inflows/outflows to be combined with future expected cash inflows/outflows to give a more accurate picture of a company’s current financial condition.

CURRENT ACCOUNTING

Orbelus invest provides you with quality accounting services, while following the Bulgarian legislation requirements and protecting your interests before the tax authorities. Our team will take care of the full accounting services for your business, the facilitate communications with tax authorities and state institutions, and provide fast and effective solutions to tax and financial accounting cases and will inform you for the changes in tax and labour legislation, concerning your business. We offer preparation of a payment plan and individual accounting policy of the company, current accounting report of primary and secondary accounting documents, preparation of company’s registration under the Value Added Tax Act, preparation of all necessary payment documents for budget payments, preparation of monthly statements and reports for the managing team, annual accounting finalization, preparation of annual tax declaration and calculation of tax liabilities, preparation of annual financial statements – balance sheet, profit and loss account, cash flow statement, statement of changes in equity, Supplement with details and additional disclosures to the financial statements, verification and certification of annual financial statements from certified public accountant, subject to national and international auditing standards, representation before the NRA and during revisions of VAT, CITA, PITA, representation before the National Statistics Institute, preparation of annual tax return under the Bulgarian legislation (including the calculation of tax liability), constant communication with our specialists.

ANNUAL ACCOUNTS PREPARATION

If you are a Sole Traders and not VAT registered, monthly or quarterly bookkeeping may not be necessary for your business. However your business must prepare accounts at the end of each trading year in order to declare their tax liabilaities. As long as you have all relevant paperwork Orbelus invest can put together a record of transactions and basic annual accounts for you to use in the preparation of your tax return or the procedure at year end.

HOW CAN WE HELP YOU?

As your business grows bookkeeping can become very time consuming and an unwelcome invasion into the time you want to spend doing what you are good at or your core business. Orbelus invest service provides you with the experience you need to get your bookkeeping done in a fraction of the time with perfection. Orbelus invest have range of experience and knowledge and will be a welcome relief for your business and left you with confidence that everything is under safe hands. We provide support tailored to your business needs. Typically small businesses require a half day or full day of accounts support monthly or quarterly. We provide accounting services for both small business and medium-size organizations. Outsourcing your bookkeeping is therefore a cost effective solution. Efficiently kept records will help you to remain in control of your finances and your accounts will be organised and well prepared for your accountant to produce your annual accounts.

WHY OUTSOURCE?

Outsourcing allows a company to focus on its core business while having the supporting company’s functions taken care of by outside experts.In practice, outsourcing is a normal part of business life and most companies outsource some of their processes to other organization with special skills and experience. As the markets mature, more and more functions are decided to be outsourced. Organizations are increasingly reviewing functions that can be performed more efficiently and therefore cost effectively by other providers specialising in that particular activity.