Accounting and Bookkeeping in Russia

Accounting and bookkeeping are among our company’s main activities. We provide services to private companies, public companies, representative and branch offices in Russia for foreign companies, individual entrepreneurs, and non-profit foundations. Many of our clients are foreign companies which have a presence in Russia under different legal forms, such as a limited liability company registered in Russia with up to 100% foreign capital, commercial branches of foreign companies in Russia, or non-commercial representative offices of international companies in Russia. Our employees are familiar with accounting aspects in all types of business, from retail to the fuel and energy industry, and are fully responsible for accounting and bookkeeping completeness and accuracy.

Modern technologies help to efficiently managework regardless of the client’s location.

• advice onchoosing the optimal accounting and tax method
• developing internal accounting policies, tailoring the corporate chart of accounts to internal group standards
• collecting primary documents
• bookkeeping
• inventory
• preparing documents for auditors
• drafting and submitting tax returns
• drafting and submitting financial statements
• consulting on all matters
• training the CFO team on the particulars of Russian accounting standards and legislation

Accounting and Bookkeeping Services Rates

	Dormant	Chief Accountant	Accounting Department	Accounting Department + Primary Documents	Accounting Department + Bank administration	Turnkey Accounting	Turnkey Accounting	Turnkey Accounting with export/import activity + Bank	Turnkey Accounting + CFO	Turnkey Accounting with export/import activity + CFO
Prices for companies with the standard taxation system	5 000 RUB/grt	from 15 000 RUB/qrt	from 12 000 RUB/month	from 15 000 RUB/month	from 17 000 RUB/month	from 20 000 RUB/month	from 35 000 RUB/month	from 40 000 RUB/month	from 50 000 RUB/month	from 65 000 RUB/month
Prices for companies applying the STS (simplified tax system)	3 000 RUB/qtr	from 10 000 RUB/qtr	from 7 000 RUB/month	from 9 000 RUB/month	from 11 000 RUB/month	from 14 000 RUB/month	from 25 000 RUB/month	from 30 000 RUB/month	from 40 000 RUB/month	from 50 000 RUB/month
Prices for Individual Entrepreneur	3 000 RUB per annum	from 5 000 RUB/qtr	from 3 000 RUB/month	from 4 000 RUB/month	from 6 000 RUB/month	from 8 000 RUB/month	from 15 000 RUB/month	from 20 000 RUB/month	from 25 000 RUB/month	from 30 000 RUB/month
Drafting and submitting tax returns and financial statements
Complex accounting and tax accounting
Drafting sales invoices
Drafting payment orders for the bank
Drafting and submitting documents for the bank’s currency control
Full communication with the Client’s counterparties (acts of reconciliation, document requests, regulation of receivables and payables)
Preparationinternal management reports (also in English)
Advising the Client on taxation, accounting, and management accounting activities

Description of Service Rates

Dormant
There are situations when, for various reasons,a company is in a «dormant» mode — no business activities are carried out. However,under Russian law a company still is obligated to submit tax returns, financial statements and other reports to governing agencies.
We offer a Dormant rate for such companies-drafting and submittingall reports prescribed by Russian law to the Tax office, the Pension Fund of Russia, the Social Insurance Fund of Russia, and the Statistical Office.

Chief Account ant rate
This rate will fit you if you already have a specialist who deals with all of the primary documentation, but they are not experienced enough to prepare a tax return, calculate taxes,or developreports. In this case, you can use our services specifically during the reporting period.

Accounting Department rate
In contrast to the previous rate, here we offer full bookkeeping support for your company. Our experts will enter all of your information intothe 1 °C system and prepare all the necessary reports.

Accounting Department + Primary Documentsrate
If you also require the drafting of primary documents for your clients (acts, VAT invoices, bills, statements, invoices), this rate was designedfor you.

Accounting Department + Bank rate
In addition to accounting, you can trust us with preparing payment orders for the bank, which our specialists preparebased on invoices and other documents within the specified time limit. Timely Internet banking systems completely preclude the possibility that we disposeof your funds. We can only generate payment orders and download statements, while you, in turn, will only authorize payments.

Turnkey Accounting rate
By choosing this rate, you get a team of professional, who will happily address all of your issues related to conducting your business, pick up all the primary documents, consult your counterparties, plan your taxes, and advise you on all matters related to the company’s finance, accounting and taxes.

Turnkey Accounting with export/import activity (International Economic Activity) rate
This rate encompasses all functions in the previous rate but for companies engaged in international business activities, including imports and exportsto the Eurasian Union.

Turnkey Accounting with export/import activity + Bankrate
This rate includes all of the functionsin the previous rate plus work with currency control for your bank.

Turnkey Accounting + CFO rate
We can provide you with additional financial statements for supporting daily management decisions -revenue forecasts, short-term and long-term budgets, cash flow statements, income and expense statementsfor costs centers, revenue breakdowns by product and service, and much more. We also prepare management reports in foreign languages, primarily in English and German, along with other languages.

Turnkey accounting with export/import activity + CFO rate
This rate encompasses all functions in the previous rate, but for companies engaged in internationalbusiness activities, including imports and exportsto the Eurasian Union.

Your Benefits

Tax, banking and other «paper» issues divert company’s time and resources from its most important goals — growth and business development. Outsourcing accounting services to specialized companiesis a worldwide practice. The convenience of this approach has been assessedby the majority of the foreign business community, from individual entrepreneurs to corporate executives in different countries. In Russia, these services are also becoming popular.

Warranties

Per the agreement, the company is responsible for the timeliness, completeness and accuracy of document preparation and delivery, and the calculation of taxes and contributions.

Qualification

The experience and expertise of accountants, highly familiar with the specifics of your industry, can help minimize your fiscal burden.

Saving

You do not need to have a staff of accountants, to rent additional space for them, to equip their workplaceor buy expensive software. Your expenses will only consist of payingfor our services, and all other costs are on us.

No risks

The professionalism of our employees guarantees you no financial losses due to errors in reporting and tax calculations, lost documentation, or information leakage. We value our reputation,so you can safely trust us.

Outsourcing Solutionsprovides comprehensive accounting for any legal form of company: LLC, Public Companies, Rep-offices, Branches, individual entrepreneurs (IE), small businesses and individuals.