Services

Complete outsourcing of the accounting

The book-keeping is performed on the accounting software "1C Buhgalteriya" in the office of our company for your convenience, which provides a limited access to the company's financial documents, and also the professional approach to the preparation of the Financial reporting of the company. The work includes the performance of all accounting procedures and services, maintenance of the accounting registers and books, daily works which are usually performed by the company's accountants. With the complete outsourcing of the accounting the client sets the tasks and makes the decisions, and all responsibilities of the accounting department are taken by our company's staff. Within the agreed terms or by the first request our company provides all necessary information and data.

Performing all functions of the accounting department, we also provide you with the quality professional services, which assist the management with:

• making the right decisions on business development and assessment of the financial status of the company;
• avoiding the risks on imposing the additional taxes, fines and penalties;
• receiving the financial reporting prepared in accordance with the current legislation of the RK.

Partial outsourcing of the accounting

This service implies that the outsourcing of the accounting is done with the division of some responsibilities between Grata Accounting's staff and the client. The work can be done in the following way: collection and preparation of all primary accounting documents (petty cash, bank, sales invoices, waybills for receipts and internal transfer of inventory, timesheets, payroll schedules, etc.) can be done by our company. Also, we shall perform the complete or partial processing of the provided documentation, for example: salary calculation, depreciation calculation, recording of the primary documents by the accounts for preparation of the financial reporting and other agreed upon procedures. Also, our responsibilities can include preparation and filing of the statistic and other reports to the state authorities.

Payroll

This service implies the accrual of salary on the basis of the data and information provided by the client (individual labor agreement, timesheets, payroll schedule, orders on employment and dismissal, vacation, etc.). The calculation of salary can be done with the different methods and approaches, including the gross-up method, when the individual labor agreement stipulates the net amount of salary, received by an employee after the deduction of all taxes and social contributions. We can calculate the amount of vacation allowance, allowance for unused vacation, allowances for temporary disablement by sick list, etc. Moreover, we can prepare the documentation necessary for payment of salary by the bank transfer - payment orders with the lists of employees, and the documentation for petty cash salary payments - payroll lists. If necessary, we can prepare the payroll lists and the income statements on each employee for any time period.

Bank (cash) accounting

With this service we offer the complete maintenance of the bank accounts of the client (current accounts in tenge and foreign currency accounts). By agreement with the client, we can install the program "bank-client" in our office, which significantly saves the time for completion of the tasks.

Also, to the client discretion, the representative of our company can be given the right of the first signature on the bank statements.

By the written request of the client we are doing:

• preparation and sending the bank statements for payment of invoices, taxes and other transfers, conversion applications, applications for the transfers in foreign currency;
• receipt of the bank statements;
• provision of the bank statements with the copies of all bank payment documents with the bank stamp to the client.

Financial reporting

This service implies that the financial reporting is prepared in order to correctly reflect the financial status of the company in the financial reporting, conforming the current legislation. Based on the provided information (accounting books, ledgers and disclosures of the information) we help to prepare on professional level the following financial reports:

• Balance sheet;
• Profit and loss statement;
• Cash flow statement;
• Statement on changes in shareholders equity;
• Notes to financial reports.

Accounting policy is the principles, fundamentals, conditions, rules and practices, accepted by the company for accounting and book-keeping and preparation of financial reporting in accordance with the legislation of the RK. Based on your company’s requirements and type of the business activity we help to develop the methods of accounting and develop the accounting policy particularly for your company.

Based on your written request our consultants on accounting:

• shall prepare the written information according to the current legislation;
• shall help to find the solution in the complicated question;
• shall help to apply the theory in practice;
• shall help to develop the accounting system, in full and in separate sections.

The refurbishment procedures are done by entering of the data and primary documents in the accounting program 1C-Buhgalteriya, based on the data and reports, provided by the client on the following sections of the accounting:

• Short term assets;
• Long term assets;
• Short term liabilities;
• Long term liabilities;
• Equity and reserves;
• Revenue;
• Costs;
• Manufacturing accounting.

During the refurbishment the following documents and data shall be formed:

• corresponding reports on all accounting sections,
• reconciliation acts with debtors and creditors,
• cash books,
• expense reports,
• the accounting program shall have the directories of exchange rates, fixed assets, inventory, etc.;
• Financial reporting (balance sheet, profit and loss, cash flow statement, statement on changes in shareholder's equity).

We also offer our services in the restoration of the primary documentation (on the bank accounts, petty cash, on transactions with debtors and creditors, accountable persons).

• Consulting on application of international treaties on avoidance of double taxation for legal entities and individuals, allowing to achieve the minimization of tax risks;
• Based on the provided information (contract, invoice) on the transactions, where on of the party is the nonresident of the RK, we make the analysis and if necessary, the calculation of taxes as per the legislation of the RK and international tax treaties;
• Opening of conditional bank deposit for payment of withholding income tax from incomes of nonresident earned from the business activity in the RK;
• Obtaining the certificate confirming the accrued and paid withholding income taxes of nonresident from the tax authorities;
• Apostiling the certificates issued by the tax authorities;
• Returning from the state budget the withholding income tax paid from the incomes of nonresidents earned from the sources in the RK.