Bookkeeping and Accounting Services for firms and enterprises in Montenegro

In accounting functions we include - Financial accounting, management and taxation.

Financial accounting typically, it satisfies the need for external financial accounting reports. In financial accounting reports is included a regular annual, and in some cases interim financial statements.

Management Accounting has the function to provide information to managers so that they can better manage their business processes. Also referred to as an internally accounting, in many manufacturing companies also cold as a drive and factory accounting.

Taxation accounting provides taxation informations, which by the standards of measurement, presentation and recognition, and by the key elements are largely different from the accounting regulations. It is used for calculating the annual income tax, value added tax and other tax liabilities such as income tax, property taxes and so on.

Bookkeeping is a system which, based on the proven documents, monitors economic and financial processes and in chronological order, systematically record in the accounting records, resulting business changes of assets, capital, liabilities, expenses, revenues and financial results of operations.

The main tasks of bookkeeping are:
• The systematic collection of data on changes in the entrepreneur business
• Chronological record in the books of all incurred transactions
• Determining of the business results
• Providing insights to employers and owners of capital (shareholders)
• Provision of the necessary informations for making of the calculations
• The preparation of the basic financial statements.