Payroll, Outsourced Accounting And Virtual Bookkeeping

J&L Consulting provides professional Accounting services for almost 20 years. Our services particularly include payroll and outsourcing of bookkeeping which suits small, medium to large foreign businesses operating in Ukraine.

Advantages of outsourced accounting and payroll are that you as a business owner do not need to establish your own accounting division, to hire and train bookkeeping personnel and buy costly accounting software and support. Thus you are getting a full time accounting department for a part time price. 

Benefits of outsourcing to a professional accounting department of J&L Consulting are:

• Opportunity to focus on core business functions and improve the quality of operating activity

• Reducing operating costs, avoiding financial losses and minimizing tax risks

• Reducing office space requirements

Our complete accounting outsourcing service include:

• The day-to-day entry processing - conducting “primary” tasks, invoicing services, bank reconciliation, fixed assets and inventory accounting;

• Establishing of electronic document flow, banking operations

• Consultation and implementation of 1C accounting software;

• Fulfilling the function of the Chief accountant

• Preparation of tax returns and reports according to Ukrainian tax legislation;

• Taking care of VAT accounting documentation and drawing up monthly VAT returns

• Preparation of all reports to the social security funds and statistic authorities

• Setting-up and maintaining of management reporting

• Corporate and group financial reporting – preparation of financial statements in accordance with the corporate rules and IFRS/ GAAP accounting standards

Our Payroll outsourcing and HR record keeping services include the following processes:

• Human resources records management of the client’s organization and advising on all HR issues

• New employees formalization and notification submission into the state bodies

• Pay slips preparation and delivery to employees

• Providing sick/vacation/accrual tracking

• Calculation of daily allowances for business trips

• Calculation of payroll taxes

• Preparation of personal income tax and social security tax

• Representing the clients organization and dealing with all employment and labor issues in front of Ukrainian state authorities 

• Detailed management reporting

• Salary processing for the IT industry and particularly running accounting for the FOPs or PEs with which the company is contracting

Outsourcing your payroll accounting to experts of J&L Consulting will enable your company to save money. Additionally, the client receives accurate information about current situation in required format and language. Our certified accountants and auditors have a good command of English which will definitely facilitate your successful communication with our team.

Please feel free to Contact us for more information.