Accounting for sole proprietorships FOP

Entrepreneurs have several options for managing their FOP accounting: independently, through mobile applications/SaaS solutions, or by using accounting outsourcing services. Each option has its own advantages and disadvantages.

When managing accounting independently, a significant portion of time will be spent preparing invoices and contracts, as well as remembering when to submit reports to the State Tax Service (DPS) and pay taxes. However, in this case, you will have a good understanding of all accounting processes and save a lot of money.

Applications and platforms help reduce the time required for reporting, optimizing the tax payment process. However, they do not always take into account legislative and tax changes, which can lead to errors when submitting tax declarations.

An online accountant is a universal solution, as a qualified specialist monitors all changes in legislation, taxation, tax forms, and other nuances of FOP reporting.

Advantages of Accounting Outsourcing

With an online accountant, you get full control and transparency in financial management without extra costs for an in-house specialist. The accountant provides regular reports on completed work and timely informs you about tax changes, so you are always aware of important updates.

You only pay for the specific services stated in the contract, with no additional expenses for salary, taxes, or an accountant’s workspace

With 24/7 online support, you can always get prompt assistance. We take full responsibility for all accounting-related risks, ensuring quality and accountability in your business’s financial processes.

What is included in the online accountant’s services?