A successful business requires a lot more than just typing numbers into Excel. It needs a clear picture of financial results, exact documentation and fast access to data.
getsix offers a system that enables enterprises to save significant processing costs and increase financial controls and compliance standards. It also provides a unique combination of on-shore and off-shore services.
Preparation of financial statements
The main objective of (nearly) every business is to generate profit. To do this, owners must concentrate their efforts on the core business and delegate other tasks to specialised companies. These include accounting services, which help businesses keep track of their financial statements.
Financial statements provide a snapshot of an enterprise’s finances and are essential to making sound business decisions. They are also used by investors and banks to evaluate a company’s sustainability.
There are three basic financial statements: the balance sheet, income statement, and cash flow statement. The balance sheet illustrates a company’s assets, liabilities, and equity at a given point in time, while the income statement reports revenue, expenses, gains, and losses. The cash flow statement highlights inflows and outflows of cash.
Getsix carries out preparation of financial statements (balance sheet, profit and loss account and cash flow statement) on a monthly basis, based on the client’s requirements and in compliance with national and international regulations. Also, it prepares annual reports including extracts from financial statements and auditor opinon. Find out more at accounting services in Poznan, Poland.
Preparation of tax documentation
Organizing tax documentation can help businesses save time and money. It also helps them avoid misplaced paperwork and ensures compliance with government regulations. In addition, well-organized documents are easier to share with accountants for seamless collaboration and audit readiness. Having organized documents can also help identify eligible deductions and increase tax savings.
Having a clear naming convention for digital files is an effective way to manage your tax records and reduce organizational issues. It is also important to back up your digital files in multiple locations to protect against data loss.
Preparation of tax documentation includes keeping records of income statements, balance sheets, bank and credit card statements, receipts, invoices, and other relevant documents. It also involves calculating output taxes and reporting, and maintaining ongoing contact with the Polish Inland Revenue Office. In addition, it includes preparing reports and financial summaries. It can also include drafting appeals, complaints and requests for interpretation. It may also include arranging tax consultations and representation before the Tax Office.
Preparation of financial reports
The preparation of financial reports is the main service offered by accounting services. These include maintaining the account books on ERP systems made available remotely by a client, the calculation of output tax and reporting to regulatory authorities, as well as preparing cyclical and management reports and dispatching them automatically via e-mail. Moreover, the company can also help its clients set up an internal accounting system and prepare a policy for managing the company’s finances.
The Institute of Accounting and Financial Management is a research unit in the structure of the Poznan University of Economics and Business. Academics employed at the Institute conduct research in many areas of finance and accounting. Their research interests include empirical finance, corporate governance, risk management, accounting theory and IFRS.
In Poland, the implementation of IFRS has been simultaneous with the harmonisation of Polish accounting regulations. This has had a positive impact on the quality and comparability of financial statements, lowered costs of capital and improved companies’ image.
Preparation of invoices
Invoicing is a vital part of every business, and one that can be tricky to get right. It’s important to include the correct information in your invoice, as well as specify how you prefer to be paid. This will help you avoid any confusion with customers or vendors.
Our team of professionals are experts in Polish economic and accounting law, so you can be sure that your financial settlements will be accurate and complete. We can also assist you with obtaining social security and tax certificates, which are necessary to conduct business in Poland.
Depending on the type of your business, we can prepare different types of financial statements, including profit and loss accounts, balance sheets, cash flow statements, and statements of changes in equity. We can also assist with the preparation of payrolls, as well as the calculation and submission of VAT advance payments and withholding taxes. We can also help you establish preferred payment methods and set up automated reminders.