Bookkeeping for companies

What may include keeping accounts

• Current accounts. Accounting of invoices issued and received, bank statements, cash registers, advances and internal documents.
• Overview of liabilities and claims. Coupling payments with invoices, checking outstanding items and registering assets. Outputs and their frequency will be arranged according to what the company needs.
• VAT and annual accounts. Under the company tax regime, preparation of VAT returns, inspection or summary reports. At the end of the period, checking balances, closing books and drawing up financial statements.
• Income tax and consultancy. Preparation of documents for corporate tax returns. For more complex transactions, registrations and representation, we will agree in advance what task the tax advisor will take over and whether he will need full authority.

Please also indicate any wages, warehouses, multiple currencies or foreign trades when requested. Work out wages or a one-time reconstruction of accounts, make it clear what the offer covers.

What materials to prepare

Newly Founded Society

Prepare company registration and date, founding documents, documents to repay deposits, first bank statements and documents to initial costs. If you already have contracts, property or registration for VAT, please attach supporting documents to them. U new s.r.o. it is also important to capture movements before issuing the first invoice.

Transfer from another accountant

Arrange the date of receipt and the list of pending submissions. Ask for the main book, the turnover, the overview of open invoices, the records of assets, the final accounts, the submitted returns and accounting exports for the period transferred. U Purchased ready made companies Include documents and conditions prior to transfer.

Regular transmission

Each month, prepare the invoices issued and received, bank statements for all accounts, cashiers, receipts and supporting documents for advances, credit cards and new contracts. If you accept credit card payments or via a payment gateway, add a bill of fees and an overview of payments. The deadline and method of transmission of sensitive material can be arranged in advance.

Conclusion, return and VAT

What is checked at the accounts

Before closing the year, go through the actual stocks of accounts, cashiers, stocks and assets. Check outstanding invoices, advances and documents belonging to the closed period, even if they did not arrive until later. For a company registered in the Commercial Register, please also arrange for clearance of the accounts and its deposit in the collection of documents to the extent required. A trading corporation may also request, subject to compliance with the conditions, the transmission of the accounts to the list collection via the tax administrator when filing the return.

Time limit for income tax returns

The basic period is three months from the end of the tax period. The four-month period shall apply if the return has not been filed within the basic period and is subsequently submitted electronically. The six-month period shall be valid at the statutory audit, where appropriate if the return has not been submitted within the basic period and is subsequently submitted by the consultant. The supporting documents need to be delivered in advance according to the specific date of your company.

What to Think of in VAT

For the compulsory registration of a domestic company, the turnover is monitored in the Czech Republic per calendar year. The law works with borders 2,000,000 CZK and 2 536 500 CZKCrossing the border affects the date of establishment and, where appropriate, runs ten working days for filing the application. For cross-border transactions, obligations can also arise at a lower turnover, for example when purchasing advertising or software services from a non-established supplier in the Czech Republic.

Frequent questions about accounting

Does he need accounting without sales?

Yes. Česká s.r.o. keeps accounts even in the period without sales. For example, bank charges, deposits or set-up costs may be charged. According to the situation, the accounts, the tax return and the deposit of the accounts in the list collection are also being addressed.

How is the cost of keeping accounts determined?

For the offer we need to know the number of documents and accounts, tax regime, possible foreign transactions and required outputs. Before starting, confirm whether the price also covers the accounts, confessions and possible takeovers of older periods.

Who is responsible for accounting and filing?

The company is still responsible for keeping the accounts. When arranging the service, divide the dates for delivery of documents, approval of outputs and submission of confessions. Hand over the call from the data box as soon as possible to the person who is to address it, together with the date of delivery.