Accounting and reporting services in Bulgaria

Get a grip of your local accounting obligations and be compliant with a wide range of standards, regulations and reporting requirements applicable in Bulgaria with the help of our qualified and experienced accountants.

Our local team of expert, consisting of accountants and tax advisors, is ready to behave as an integral part of your internal finance department, providing all required expertise, functionality, experience and benefits of an inhouse team.

Combining our professional services and advanced cloud technology, we are able to automate, standardize and streamline your accounting and reporting processes, to increase efficiency and control of your financial operations in Bulgaria. Take well-informed business decisions by gaining better control and more accurate reporting.

Our services for accounting, bookkeeping, reporting and tax compliance in Bulgaria can cover:

• Bookkeeping of all primary documents in compliance with statutory requirements
• Maintenance of the statutory accounting general and subsidiary ledgers
• Accounts Payable and Accounts Receivable services Cash management and bank payment administration
• Stock management consultancy services
• Inventory services, fixed asset, leases and loans
• Monthly closing of accounts, reports on profit and loss, balance sheet and cash flow
• Preparation of all required statutory reporting and submission to local authorities
• Consolidated reporting, reconciliation between statutory and management reports
• Tailored management reports
• Preparation of reports in both local GAAP and international IFRS/US GAAP standards
• VAT compliance and consultancy, including VAT registrations and return filings
• Any other tax consultancy associated with local taxes and real estate taxes
• Preparation and submission of the corporate income tax return
• Preparation and submission of the annual financial statements
• Representation in communication with the Bulgarian Tax Office and all statutory authorities
• Assistance and representation during audits, inspections and tax controls

Accounting portal

Our Accounting online portal has been designed to automate, simplify and streamline all processes related to accounting, go fully digital while reducing paperwork and the related errors, gain better control and overview, increase the transparency of documents and workflows – all while managing your tasks in a user-friendly and secure cloud environment. When directly integrated with your ERP system, the portal can become a single interface for your accounting, providing you with immediate updates and reports about the financial status of your company.

By using our Accounting portal, you can:

• Convert your accounting documents and workflows into a digital form
• Manage your purchase invoices in a more effective way
• Get access to real-time tracking of the financial status of your company
• Connect the portal directly to your preferred accounting software

Accounting consultancy

By having access to our highly qualified and experienced local team of accountants and tax consultants, you are guaranteed that all your operations meet the legislation requirements applicable in Bulgaria, enabling you to shift your focus towards the more strategic functions of the financial management.

We are ready to use our experience and best practices of the Bulgarian market to provide you with tailored solutions and a reliable accounting consultancy that covers specific and more complex areas, such as:

• The review and optimisation of accounting and financial processes
• The establishment of accounting control systems and procedures
• The fast clean-up and reconciliation of general ledger accounts
• Financial and accounting due diligence
• The reporting of International IFRS and US GAAP
• The implementation and localisation of ERP solutions and accounting systems