Accounting Services — Reliable Compliance, Clear Financials
Our Accounting Services provide end-to-end bookkeeping, payroll, and statutory accounting. Fully tailored to the Bulgarian regulatory environment (local GAAP), our team also has broad technical expertise in IFRS and IAS to service international clients. We ensure timely, accurate financial records and payroll processing so you meet statutory obligations and have reliable management information.
Who is this for?
Local Bulgarian SMEs requiring outsourced accounting and payroll. Startups and scaleups seeking scalable accounting operations.
Foreign-owned businesses operating in Bulgaria needing local statutory compliance and IFRS/parent GAAP support.
Branches and representative offices requiring consolidated reporting assistance.
Problems we help solve
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Ensure statutory compliance: meet reporting, tax and payroll rules to avoid inspections and fines.
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Maintain cashflow control: accurate bookkeeping and payroll forecasting reduce surprises.
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Support management decisions: reliable financials for planning, lending, or investment.
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Ease audit and filing: prepared documentation for auditors, the National Revenue Agency (NRA), and other authorities.
What’s included?
1
Bookkeeping and general ledger maintenance. Payroll administration: payroll calculation, payslips, employment records, sick leave, holiday accruals.
2
VAT compliance and VAT returns, intrastat and OSS where applicable. Social security & tax filings: monthly/quarterly VAT, corporate tax, personal income tax (PIT), and social/health contributions.
3
Monthly and annual statutory reporting: trial balances, management accounts, and annual financial statements. Year‑end close, tax provision calculations, and support for statutory audits. Local statutory deadlines, ledger reconciliation, and bank/cash reconciliations.
4
Advisory for IFRS conversion, consolidation, or applying IAS where required; support for foreign GAAP comparisons.
What's our process?
1
Onboarding & chart setup — map your chart of accounts, opening balances, and internal controls.
2
Transaction processing — timely posting, supplier/customer reconciliations, and expense coding.
3
Payroll cycle management — compute salaries, withholdings, social contributions, and generate payslips.
4
Compliance & filing — prepare and submit VAT, PIT, social contribution returns, and statutory reports.
5
6
Management reporting — monthly P&L, balance sheet, cashflow summaries, and KPI dashboards.
Year‑end & audit support — prepare AFS, notes, tax reconciliations, and audit schedules.
7
IFRS/GAAP advisory — translation of local accounts to IFRS/other GAAP, accounting policy guidance.
8
Continuous improvement — streamline processes, automation opportunities, and internal control recommendations.
The added value for you
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Monthly bookkeeping and reconciled trial balance.
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Payroll registers, payslips, and contribution reports.
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Filed VAT, PIT, and social contribution returns and confirmations.
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Management accounts and cashflow reports.
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Annual financial statements and statutory filings.
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Audit-ready folders and year‑end tax workpapers.
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IFRS conversion notes, accounting policy memos, or GAAP comparison schedules (as required).
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Local compliance expertise — deep knowledge of Bulgarian tax, payroll and reporting rules.
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Technical accounting capability — practical experience across IFRS, IAS and other GAAP frameworks.
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Reliable, timely service — structured processes to meet statutory deadlines and mitigate risk.
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Scalable solutions — from basic bookkeeping to full accounting outsourcing and advisory support.
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Audit‑ready discipline — documentation and controls designed for smooth audits and inspections.
