The BTTP Accounting office provides the so-called full accounting service. This is the most extensive and complicated form of financial settlements, mandatory for companies with annual revenues exceeding EUR 2. Full accounting is required for joint-stock companies, limited liability companies, local government units and companies operating on the basis of subsidies regardless of the amount of revenue, which guarantees maximum transparency of the company's financial data.
Full accounting includes recording all economic events in journals, maintaining a general ledger, subsidiary ledgers, trial balances, asset and liability statements, balance reconciliations, confirmations, and preparation of financial statements. This provides accurate monitoring and analysis of the company's financial status, which allows for better investment planning and financial risk management. It differs from simplified accounting, which is limited to basic records and reports, offering a smaller scope of reporting and limited financial transparency.
Although full accounting requires meticulous recording of every economic event and is more complex, it offers companies the opportunity to thoroughly analyze their finances, which contributes to better strategic planning, building brand trust and ensuring compliance with regulations. That is why many companies, especially those with significant turnover, choose professional accounting services to ensure optimal management of their finances.
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Katarzyna Byliniak
Director
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Krzysztof Burzynski
Partner, Tax Advisor