"ABC Consulting" offers complete accounting support.
The work is carried out on the basis of the contract, where the following details are clearly stated
01
Start of service
02
Term of the agreement
03
Rights and obligations of each party
04
Features of execution of the work (developed documents, deadlines for the creation of reports and payment documents)
05
Terms of payment and penalties for non-compliance
06
Responsibility of the client and the contractor
Also, the contract stipulates the list of services that a consulting company must perform. To add new services into the list, additional agreements must be concluded.
Provision of services to companies in different levels
We work with individual entrepreneurs (IE), micro and small-sized businesses. Micro businesses include companies with a staff of up to 10 people and small-sized businesses to an average of 11 to 50 people. Provision of consultation on taxation and other areas will not affect the increase in the cost of accounting services.
List of services offered
Accounting basics
Starting from source documents processing
ASAN signature
Execution of the relevant works connected with the ASAN signature
Sales documentation
Preparation and sending of electronic Delivery Notes and Tax Invoices (for VAT payers)
Tenders' documentation
Preparation of the tender documents for the entities taking part in the tender
Documents processing
Working out the initial documents and entering them in the database of the accounting software (the software has been adapted to the laws if Azerbaijan Republic and presented to our clients)
Bank and Cash
Preparation of bank and cash desk (cash receipt and expenditure order) payment documents
VAT Account
Conduct of settlements in the sub-accounts with VAT
Salary Accruals
Calculation and accruals of salaries of the employees
Employee Additional payments
Calculation of sick list, social and labor vacations
Tax and Management Reporting
Preparation and sending of all kind of declarations, reports to the Local Authorities and for the Top Management
Reporting to Tax Department
Preparation and sending of all kind of documents, declarations, reports for the Ministry of Taxes in BTP software (monthly, quarterly, annual) (Profit tax, Income Tax, Simplified tax, Hired Labor tax, Property, VAT, Withholding Tax, Tax deducted from the salary)
State Social Security Fund
Preparation and sending of declarations for State Social Protection Fund .
State Statistics Committee
Preparation and sending of reports for the State Statistics Committee
Employment centers
Preparation and sending of reports for the employment centers (monthly, quarterly, annual)
Miscellaneous Reporting
Compiling of reports and submission of them to the state authorities and preparation of annual declarations
IFRS Reporting
Preparation of the Balance Sheet, Profit and Loss, Cash Flow and Statement of changes in equity of the entity
Management Reporting
Preparation of various reports for the management
ATTENTION - Favorable conditions!
FIRST TAX ADVICE AND ONE MONTH OF ACCOUNTING SERVICE PROVIDED
FOR FREE !!!
Frequently asked questions
If you have specific questions, you can contact us for consultation
The cost of outsourced accounting services in Azerbaijan varies depending on several factors:
- Volume and complexity of transactions: The more transactions and the more complex the accounting, the higher the cost.
- Field of activity of the company: The specifics of the industry can affect the price of services.
- Number of employees: The number of employees influences the amount of work involved in payroll and HR accounting.
- Required range of services: Full accounting, tax reporting, HR accounting and other additional services.
Some companies indicate that the cost of their services can be 40-60% lower compared to maintaining a full-time accountant.
For more information please visit our Pricing page
An outsourced accountant carries out a wide range of tasks, including:
- Bookkeeping: Recording all financial transactions of the company.
- Preparation and submission of tax reports: Ensuring the timely submission of all required declarations and reports to tax authorities.
- Payroll: Calculating salaries for employees, calculating taxes and other deductions.
- HR records: Maintaining personnel documentation, including employment contracts, orders, etc.
- Consulting: Providing advice on taxation and accounting issues.
The specific list of services depends on the needs of the client and the terms of the agreement with the outsourcing company.
In today's world, most interactions with outsourcing accounting companies take place remotely. Documents and information are exchanged via email, specialized programs or cloud services. A physical visit to the office may be required in rare cases, for example, to sign important documents or if a personal meeting is necessary. However, many companies offer completely remote services, which saves clients' time.
Even if the company did not operate during the reporting period, it is required to submit zero reporting. The set of necessary documents depends on the tax system and the legal form of the company, but usually includes:
- Tax returns: For example, a profit tax return or a simplified tax return with zero indicators.
- Balance sheet: With zero figures.
- Reports to social security funds: Indicating the absence of accruals and payments.
The deadlines and forms for submitting reports are regulated by the legislation of Azerbaijan, so it is recommended to consult an accountant or an outsourcing company to clarify the details.
The accountant responsible for payroll calculations is required to submit the following reports:
- Tax Department: Declaration (report) of taxes withheld at source, compulsory state social insurance, unemployment insurance and compulsory medical insurance contributions related to wage employment.
- State Social Security Fund: Declaration (report) of taxes withheld at source, compulsory state social insurance, unemployment insurance and compulsory medical insurance contributions related to wage employment
- State Statistic Department: For example, monthly reports on the number of employees and the payroll fund.
The deadlines and forms for submitting these reports are established by the relevant government agencies. It is important to meet the established deadlines to avoid penalties.
The choice between outsourcing and an in-house accountant depends on the specifics of the company, its size and needs. The advantages of outsourcing include:
- Cost reduction: There is no need to pay salaries, taxes, vacation pay and sick leave for an in-house employee.
- Professionalism: Outsourcing companies often have specialists with different competencies on staff, which allows them to solve a wide range of problems.
- Flexibility: The ability to scale services depending on the current needs of the business.
- Risk minimization: The outsourcing company is responsible for errors in accounting and reporting.
However, for some companies, especially large ones or with specific requirements, having an in-house accountant may be preferable. It is recommended to analyze the needs of your business and, if necessary, consult with experts to make an informed decision.
Apply for free consultation
Clarify some questions for yourself