FinServices services

Services

Day-to-day bookkeeping, company registration, accounting and tax advice, document management and professional assistance with overdue accounting tasks.

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Accounting services

Recording day-to-day transactions in accordance with Latvian accounting requirements.

SIA FinServices specialises in accounting services. We provide both comprehensive ongoing support and clearly defined one-off accounting assignments.

Development of accounting policy.
Reviewing and recording source documents, including sales and purchase invoices, receipts and supporting documents.
Bookkeeping of bank operations and accounting of cash operations.
Calculation of wages, accounting of fixed assets and debtor/creditor control.
Preparation and filing of reports, statements and tax returns with public authorities.
Inventory of material values and required reports preparation for company management.
Restoration of accounting records for earlier periods and cooperation with auditors.
Representation before the State Revenue Service and support with non-standard accounting matters.

We maintain confidentiality in payroll calculations and payments. If document circulation is complicated, we help establish a practical routine for transferring and checking records.

More about accounting services in Riga

Accounting and tax advice

Practical explanations about obligations, deadlines, documents circulation and planning of legal tax obligations.

FinServices specialists have many years of experience working with companies in different industries. This helps us respond promptly to changes and recommend solutions appropriate to the company’s circumstances.

Straightforward questions can often be answered quickly, while more complex matters require an in-depth review of the documents and circumstances.

Legal planning of tax obligations and costs without excess risks.
Representation of the client in state institutions.
Preparation of employment contracts when hiring new employees.
Answers to accounting and business questions that arise in day-to-day work.

Company registration and changes

Support with incorporation documents, registration and organising the practical start-up process.

Once authorised, we prepare and submit the documents required to incorporate the company with the Register of Enterprises.

Filing and Articles of Incorporation.
The articles of association of the company or the decision on the establishment of SIA if the founder is one person.
Bank statement on the payment of share capital or opinion on property investment.
Management-board statement regarding the registered office.
Control of state-fee payments and publication-related documents.
Verification of the preparation of copies of identity documents.

If necessary, we help register a newly established company with the SRS as a VAT payer and arrange the appropriate EDS user access.

Changes in the composition of the board and council.
Changes in share capital and shareholding data.
Change of company name and changes in articles of association.
Support with documents for reorganisation and liquidation.

Document management

Preparation, formatting and organisation of accounting, personnel and administrative documents.

FinServices helps prepare and organise the company’s accounting, personnel and administrative documents in line with the applicable drafting and formatting requirements.

Correct preparation and formatting of documents.
Drawing up and accounting of employment contracts.
Preparation of statements and orders.
Preparation of acceptance and transfer deeds.
Preparation of job descriptions.
Preparation of personnel files.
Other administrative documents required for day-to-day work.

Urgent help with organising documents

Professional help in situations where documents, reports or accounting records must be restored and organised systematically.

We help companies organise documents, prepare for SRS audits or thematic inspections, and respond to requests from other public authorities.

Restoration of accounting.
Clarification of declarations and reports.
Compilation and adjustment of accounting methodology.
Preparation of accounting documents: contracts, orders, personal files and other documents.
Preparation of other documents after evaluating the situation.
Representation in VID and other state institutions.

To clarify the scope and cost of the work, complete the quote request form. The final price depends on the volume of documents, periods, employees, bank operations and accounting condition.

Preparation of annual financial statements Guide to restoring accounting records

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Not sure which section fits your situation?

Briefly describe your document volume, employee numbers, bank transactions and the current state of your accounting. FinServices will recommend the next practical step.

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FAQ

Frequently asked questions about FinServices services

Answers about the scope of services, division of responsibility and document circulation in daily cooperation.

How does outsourced accounting differ from a one-off consultation?

Regular outsourced accounting includes continuous document processing, accounting and report submission in an agreed upon manner in working order. The consultation addresses a specific issue, but by itself is not a substitute for a full accounting process.

Who maintains responsibility for documents in the company?

Company management retains responsibility for truthful and timely information transfer of information, organization of document circulation and approval of decisions. The accountant processes the received information, points out shortcomings and performs the agreed tasks.

Can I order only the annual financial statement or restoration of accounting records?

Yes, individual works can be evaluated as an independent task. Before starting the work, you should check the state of accounting, documents completeness and whether data from previous periods are mutually exclusive comparable.

How is the transfer of documents organized?

The parties agree on a secure digital channel, document naming and storage procedure, transfer regularity and responsible persons. A consistent process reduces the risk of missing documents and late tax returns.

Which factors affect the price of accounting services?

The price is affected by transaction and document volume, employee numbers, tax regimes, cash and inventory accounting, foreign transactions, reporting needs and the initial state of the records. Turnover alone does not reflect the actual complexity of the work.

Does the accountant need access to VID EDS?

Regular preparation and filing of tax returns normally requires appropriately configured access to EDS. Its scope must be consistent with the duties to be performed and the company must control, to whom access has been granted and whether it is still required.

What does the service of payroll and personnel documents include?

It may include the processing of working time data, gross and net wages calculation, vacations, sick leaves, bonuses, work the provider's reports, employment contracts, orders and personnel file accounting. The exact composition should be determined by the cooperation agreement in the documents.

How can a company ensure secure data exchange with an accountant?

Coordinated access channels must be used, rights must be restricted necessity, avoid sending documents in unorganized personal channels and should be reviewed regularly user accesses. Also for file names and folder structure must be understood by both parties.