Business accounting support is for companies who don’t have their own in-house accounts team. Outsourcing minor accounting activities allow for fairly significant savings to be made, which can then be put into business development.

Accounting support services include the following:

  • work with the initial documentation and key business activity accounting documentation using the programme 1C
  • calculation of salaries and taxes
  • regular accounting reporting and report generation for the relevant situations
  • personnel accounting
  • divergent accounting and legislative application consultations.

Tax planning enables the total amount of taxes you must pay to be set at a comfortable level. This is done using exclusively legal methods geared toward tax deduction.

In the majority of cases, taxes can be reduced through the following ways:

  • use of legally-approved tax benefits
  • beneficial agreements with counter parties
  • transaction cost optimisation
  • application of specific taxation policies
  • using of particular tax regimes (for example, simplified tax systems)
  • tax benefits to avoid dual taxation
  • formation of a specific accounting policy with the goal of reducing taxation.

In each specific case, NSA specialists recommend a range of measures for tax planning, which take into account all possible risks applicable to your organisation.

Management accounting allows for the company to be managed on the basis of analysis and systemisation of up-to-date data on financial flows and an organisation’s financial results. Company heads can tailor their firm’s adjustment strategy decision-making as well as current decision-making on the basis of the data obtained from management accounting.

Before setting up management accounting, NSA specialists must ascertain the following:

  • accuracy and target of the reports drawn up
  • operational information in the reports, useful for decision-making
  • reports are commensurate with the level of management training
  • reports contain systematic information and no superfluous data
  • spending on personnel training on reporting doesn’t exceed that of the economic effect of using it.

Budget management allows strategic goals to be reached within the business with the help of cost optimisation and effective management of financial flows. Budgeting comprises planning, analysis, and budget performance at different levels, as well as managerial decision-making, based on the analysis carried out.

Under the assistance of NSA specialists, the introduction of budgeting includes developing budget management methodology for the company, which consists of the following stages:

  • Outlining of aims, tasks, company strategies and business processes
  • Creation of a financial structure for the firm and selection of a budgetary framework.
  • Developing budget management tools taking into account budget type, process participants and data processing methods.
  • Compilation of a list of economic indicators, which are calculated on the basis of the budget.
  • Automation of the data collection process on budget performance
  • Training company personnel to work with the new system
  • System adjustments for the end of each budgeting period.