Accounting and reporting services in Lithuania

Local accounting obligations and statutory reporting can be easily outsourced to experienced hands of our local accounting and tax professionals. With deep knowledge of the applicable regulations, standards and reporting requirements applicable, we can help you stay compliant and have better control over your financial operations in Lithuania and the Baltic region.

By using innovative solutions and advanced cloud technology, we will help you to automate, standardize and streamline accounting and reporting processes to increase efficiency and control of your financial operations in Lithuania and across the Baltic region. All while providing required expertise, experience, functionality and benefits of an inhouse team – to your full convenience.

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

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

Accounting portal

Driven by innovation and desire to improve our customer experience, our online accounting portal was designed to simplify, automate and streamline your accounting-related processes. By reducing paperwork and related errors, you can gain better control and oversight, increase transparency over documents and workflows – all in secure and user-friendly cloud environment.

The portal can provide a single interface for your accounting, thanks to a direct integration with your ERP system, to generate real-time updates and reports about the financial status of your company.

Our online Accounting portal can help you:

• Manage your purchase invoices quickly and efficiently
• Digitalize your accounting files and workflows
• Track the financial status of your company in real-time
• Integrate the portal directly with your accounting software

Accounting consultancy

Our highly qualified and experienced local team of accountants and tax consultants guarantee that all your operations comply with the local legislation requirements applicable in Lithuania. Benefit from our experience and knowledge of the local market and let us provide you with tailored solutions and reliable accounting consultancy covering specific and more complex areas, such as:

• Establishing accounting control systems and procedures
• Fast clean-up and reconciliation of general ledger accounts
• Financial and accounting due diligence
• Review and optimization of accounting and financial processes
• International IFRS and US GAAP reporting
• Implementation and localization of accounting systems and ERP solutions