Accounting & Bookkeeping

The pace of developments in accounting standards makes it essential for you to have a team of up to date specialists supporting you.  At Elsavco we offer high quality service in an efficient cost effective manner, making sure that our services are always tailor made to your needs.  We place great value at creating and maintaining long term client relationships.

Maintenance of proper books and records

Maintenance of proper books and records is a requirement of the Cyprus Companies’ Law.  Our team of experienced accountants can assist you by keeping records of day to day transactions, preparing trial balances, nominal ledgers, debtor/creditor reconciliations, debtor aging analysis, bank reconciliations etc.

2

Preparation of interim and annual financial statements

These include a balance sheet (statement of financial position), profit and loss (statement of comprehensive income), and cash flow.

3

Preparation and submission of VAT, VIES and Intrastat returns

For companies which meet the relevant thresholds we prepare and submit their quarterly VAT and monthly VIES forms.

4

 Preparation of budgets, projected cash flows, etc.

Elsavco can assist you in forecasting and evaluating your company’s financial condition and estimate financing needs in general or for any specific project.

5

Financial Services Accounting Advisory

Our financial services accounting advisory team can provide you with advisory services in the fields of audit, accounting and tax.