ACCOUNTING SERVICES

AZ Group provides Bookkeeping Services for companies looking to improve the quality, efficiency and cost structure of their financial operations.

We provide our clients with improved visibility into their financial operations and greater scalability at a lower cost point than can be achieved through traditional in-house operations. Our accounting solutions relieve some of the administrative burdens and allow you to fully focus on your core business operations.

The rapidly changing accounting environment in Montenegro represents a big challenge for accountants today. That is especially a consequence of compliance with EU regulations, implementation of IFRS for small and medium entities and new accounting regulations. Besides, reporting process and preparation of various monthly reports for management and statutory purpose is more intensive.

Accounting services

• Bookkeeping services in accordance with legal regulations and applicable accounting standards,
• Preparation of periodical and annual financial statements, fiscal filings and balance sheets,
• VAT registration,
• Payroll accounting,
• Tax consulting services,
• Calculation of all tax liabilities and filing of tax records,
• Fiscal audit,
• Fiscal representation,
• Keeping a register of fixed assets, registering inventory,
• Updating and keeping staff records, calculation of salaries, compensation of salaries and filing of tax return forms for regular taxes and employee contributions,
• Compilation of annual statutory, consolidated and special purpose financial statements (liquidation, rehabilitation, merger etc.).

Administrative – accounting support

We provide a wide range of administrative support services related to administrative data processing assistance:

• Assistance and support for payment services,
• Administrative services connected to a current account with a commercial bank,
• Preparation of transfer and payment orders, electronic payments, money transfers and other services depending on the needs of clients,
• Preparation of travel orders for travel expenses,
• Collecting daily statements from commercial banks,
• Communication and cooperation with competent authorities, state institutions, and coordination with the banking sector,
• Other transactions related to monitoring cash flow.

In the ever-evolving financial landscape, leveraging cutting-edge software and technology is at the heart of AZ Group’s approach to streamline the accounting process, ensuring precision, efficiency, and compliance. We employ state-of-the-art accounting software and platforms tailored to the specific needs of our clients, facilitating real-time access to financial data, and automated processing of transactions.

Our utilization of cloud-based accounting systems promotes seamless collaboration between our team and your in-house staff, enabling prompt adjustments and informed decision-making. Moreover, the integration of advanced analytical tools within our accounting framework allows for insightful financial reporting and forecasting, thus, empowering your business with a competitive edge in financial management.

At AZ Group, we are continually exploring and adopting emerging fintech innovations to elevate the quality and scope of our accounting services, ensuring that our clients are always a step ahead in compliance and financial excellence.