Accounting services

Baker Tilly Baltics outsources accounting services to foreign and local entities, branches and representative offices in Latvia, holding companies, sole proprietors and self-employed persons.

Accounting is provided in accordance with the statutory provisions of Latvia, national Accounting Standards and/or International Financial Reporting Standards, using Baker Tilly Baltics office premises and software accounting programs. Accounting services available to the clients are as follows:

  • Accounting
  • Preparation of financial statements
  • Internal reporting
  • Payroll calculations
  • Invoice billing and processing
  • Preparation and execution of bank transfers
  • Preparation of tax returns and reports
  • Tax electronic declaring
  • Drafting of accounting manuals, procedures and instructions
  • Contact address in Latvia
  • Consultations
All services are priced by hourly charge-out rates stipulated in the agreement signed with a client. Fixed monthly fee is available, but only if number of hours or number of transaction documents does not exceed an upper limit stated in the agreement.