Ledgers, acc. to the law, are designed for joint stock companies and other entities including natural persons and partnerships whose/which revenue gained in a fiscal year exceeded EUR 1,200,000.00 (converted into PLN).
Regulations impose many obligations on tax payers using ledgers, however, keeping them generates a lot of advantages. They enable monitoring of inventory, liabilities, receivables and most of all, they provide a full insight into financial status of a company.
Keeping the ledger and VAT records includes:
- reception and verification of source documentation,
- formal verification of accounting documents,
- evaluation of accounting documents in the light of balance sheet & tax law together with a way they are entered into books,
- preparation of posting orders on the basis of held documents and own bookings,
- settlement of fiscal reports, drawing up internal invoices and determination of sales volumes
- printouts of balance sheet (list) / synthesis / necessary to prepare monthly income tax settlement,
- printouts of records necessary to settle the VAT tax,
- preparation of income and VAT tax returns and preparation of appropriate wire transfers,
- accounts reconciliation,
- printouts of balance confirmations for a fiscal year and sending them to business counter parties,
- keeping source documents and current year books until they have been returned acc. to a contract,
- printouts of clearing accounts / analytics / and handing them over to the Client to have them analyzed (once a quarter)