Tax Accounting and Risk Advisory Services - Ernst & Young - Serbia

Accounting and payroll services

Our team offers immediate solutions to urgent problems thanks to combination of thorough knowledge and modern technologies. This is enabled through our professional knowledge and experience combined with systems accuracy. We have resources available to match your needs as you grow and can guarantee flexibility and cost savings compared to employing own personnel and establishing the entire accounting infrastructure in house.

We specifically assist you with:

• Bookkeeping services
  
  - day-to-day keeping of accounts (full outsourcing or allocation of accounting functions between the Client and our personal),
  - ad hoc assistance for accounting department personnel;
  - preparing monthly tax returns and statistical reports;
  - preparing documents required at the close of the fiscal year
  - preparing reports and analyses for the Management Board (Group reporting)
  - preparing consolidation reports and statements consistent with standards adopted by the Client
  
  
• Accounting advisory services
  
  - accounting department organization services
  - assistance to the Client’s financial controllers;
  - advisory services and assistance with complex accounting issues
  - specialist training for accounting personnel
  - implementation of a Corporate Chart of Accounts where records must be kept concurrently for reporting purposes in accordance with the Serbian Law on Accounting and Audit, group accounting practices and US GAAP or IAS standards (“mapping”);
  
  
• Payroll services
  
  The concept of outsourcing some activities relating to the company’s day-to-day operations has proved to be an effective method of improving performance.
  Many companies have found it beneficial to eliminate all departments that are not directly related to their primary line of business: sales, production or services.
  Outsourcing payroll calculation and HR matters to external specialists allows a company to focus on its core business, yielding tangible financial benefits and ensuring that payroll information is distributed strictly on a need-to-know basis and is not disclosed internally.
  
  Payroll services include:
  
  - Monthly payroll calculations, taking account of tax and social security charges payable by the employer and the employee
  - Preparing tax returns and social security filings on behalf of the employer
  - Reporting payroll costs to the Management Board and the Financial Department
  - Handling personnel administration
  - Registration and de-registration of employees with competent state authorities
  
  
• Lease of junior and senior accounting personnel
  
  If your accounting or payroll department is understaffed, you may choose our lease of staff services.
  Starting with accounting clerks, through specialists to supervisors, you can always be sure that Ernst & Young will provide temporary replacements that will not only cover your current needs but also add value to your existing business processes.