Accounting

Increasingly, we hear the use of the accounting policy of the concept. The accounting policy, the accounting principles, rules and various methods for the economic entity for the purposes of accounting. Namely, the accounting policy due to the financial reliability of accounting information. Companies should select and apply accounting policies so that the financial statements fairly reflect the company's financial condition, operating results, cash flows.
Different accounting methods choice indirectly may lead to a variety of users of financial statements decisions taken, so the management of the company, when developing accounting policies must take into account many of the accounting information users ' needs, achieving rationality, accounting and internal controls. Regulatory statutory and most important accounting information to users the desired goal – to represent true and fair view of the company's financial condition and results of operations.

The company's accounting policy is the way the same business to set yourself a comfortable arrangements for a non-systematic way, and sometimes controversial in a regulated environment of accounting. Having regard to the specific conditions, the nature of the activity and in accordance with the business accounting standards or international accounting standards, the company manager selects and confirms the company's accounting policies, in other words, the accounting principles, methods and rules for accounting and financial reporting award.

Added Value Your company's accounting policies will prepare according to the latest Business accounting standards. The business will operate more efficiently and more reliably, you can avoid potential errors, in addition, always get professional advice. Added Value – for progress, flexibility and adaptability to each individual needs!

In order that Your accounting system to operate in a transparent manner, their activities must be guided by the Republic of Lithuania on accounting, the law of the Republic of Lithuania on public sector accountability to the law of the Republic of Lithuania, the minister of culture of the approved Budgetary institutions accounting rules on the organisation and other legislation, the minister approved the regulations, job descriptions. Often a transparent accounting system to conduct needs professional help, which has not only considerable experience in the field, but at the same time is reliable, meticulous, can put a lot of time to look – if you are looking for the professionals with their work – pass accounting system programming in the us.

We strive for accuracy, transparency, progress and professionalism of activities therefore, the accounting systems programming has not yet been such a convenient, simple, and most importantly high-quality and reliable. The accounting system for the management of the potential at a distance, everything according to Your needs – Added Value services apply according to each individual needs, as technology gives you the opportunity to effectively communicate to and wherever you are!

Accounting practice business operations data grouping and accumulate in accordance with the accounts and the information storage used in a specific form, also known as records. Records, is a derived information that we get suvedus of the original information.

The accountable par of accounting used in the various records. They can be grouped under a number of ways: by type, form, record the nature of the data in detail, the structure, filling method, etc. What are the accounting records systems used in enterprises for the purposes of accounting, in particular, depends on the applied accounting system, which is associated with simple or double entry use.

A simple accounting of the participating companies need to be low and accessible registers, while more and more complex registers need to be using dvejybinę accounting system. Thus, our Added Value professionals use the registers of the accounting program, in the clouds, so You can offer accounting services online trust records handling us!

Revenue from the company's economic activity received or receivable cash and other assets. Income is determined from the sale of products and provision of services, the resale of the goods or the imposition of other companies operating receivables regardless of the receipt of the money of the time.

Revenue increases assets of the enterprise, and their surplus, compared with the corresponding costs, consists of the profit. Thus, increasing income is significant in the company's assets and profit enhancement factor, so the company's income is very important in financial accounting subject.
The company, defining the income of the accounting policies should identify:

• income groups, whereas the different income groups can be applied to different recognition criteria;
• assessment methods;
• accounting procedures.

The revenue includes only the same company received and receivable by the gross inflows of economic benefits. Third parties amounts collected on behalf of the absence of the company and the benefit does not increase the company's property and shall not be included in income. Revenue is recognised in accordance with the accrual basis: accounts shall be recorded when they are earned, irrespective of the cash receipt.

The company's financial results for the analysis it is important to know not only income, but also their composition. Revenue recognition in financial accounting may differ from the income recognition in tax accounting, so it should be separately examined for each income type, and define the criteria for the recognition of, and then set their differences.

The company's income is very important in financial accounting, the object that is beneficial to Your business assets and profit increase. In order to properly and correctly prepared documentation, income accounts, we recommend that you try Added Value audit and business accounting services. Its the work of skilled and qualified professionals work will be responsible, on time and without errors.

The total working time accounts, this wage calculation mode, which is entered in an emergency. If the total working time accounts, and then work work (shifts) graphs in a timely manner, in accordance with established maksimaliojo working time requirements. The total working time accounts is most common in shops, when determined working hours of content during the reporting period (a month, two, or three).

Working in accordance with the total working time accounts, wages to be paid for the actual employment period. The employer shall have the right within each accounting period of the month to pay a fixed salary, regardless of the actual leather working time rate, and the final payment for the work during the accounting period in accordance with the actual data to perform shall be obliged to compensate for the work of the last accounting period of the month. Working time accounting žiniaraštyje accounted faktikšai hours worked.

The support given to the purposes of public benefit, and budgetary institutions – their regulations set out the tasks and functions.

Beneficiaries may be in the Republic of Lithuania registered: charity and support funds; budgetary institutions; associations; public institutions; religious communities, community and religious centers; international public organizations departments or units; other legal persons governed by special laws and whose purpose is not the pursuit of profit. These units mentioned becomes the beneficiaries entitled to receive support only LPĮ 15 in accordance with article qualified beneficiary status.

Beneficiaries, during the calendar year from one of the provider's receipt of more than Eur 15 000 the amount of the grant is provided by the TAX authorities of support received monthly reports. Monthly reports shall be submitted for the month during which from the end of the beginning of the year from the same donor from the aid amount exceeds Eur 15 000, and for each of the following month period of the calendar month of the year, during which from the support provider's sme support. The relevant monthly report of the territorial state tax inspectorate must be submitted by next month 15 days.

In order to correctly prepare the support received accounts, we recommend that you try Added Value audit and business accounting services. Its the work of skilled and qualified professionals work will be responsible, on time and without errors.

Leasing, this is a long-term loan, where the leased property owner for the daiktinę loan receives interest. Leasing can be the subject of industrial movable and immovable assets: buildings, industrial plants, cars, trucks, computers, and information technique, the organizational machinery, shop equipment and typography and others.

Lease accounting is governed by the 20 FEB ,,Rental, leasing and lending“. The leasing foundation is a long-term lease by the company leasing the beneficiaries grant the bank, the leasing object company or leasing company, known as the lease davėju. Made with the leasing recipient of a lease agreement, the lease, the lender purchases the equipment, machinery, other immovable or movable property, and rent the lessee for a specified payment amount of the paid during the contract period.

Lease accounting recorded in the lease, if the contract is at least one of the following criteria:

• the lease period at the end of the ownership of the asset passes to the lessee;
• the lease period shall be the greater of the assets economic life of the time. Period should be no less than 75% of the asset's economic life;
• the lease period at the beginning of the premium value content of not less than 90% of the fair value of assets;
• the property is a specific purpose, so without major changes to it can only be used by the lease to the recipient.

Professional Added Value specialists in high quality and responsibly develop leasing, credit accounting contract – you will save time cost and avoid errors. With Added Value aid, much easier!

Transport fuel consumption correctly can be justified under the established fuel consumption rates, respectively, according to the travel sheets of registered routes or target trips. Taking into account the nature of the activity, vehicles, and shipments of cargo type, vehicle operating conditions, travel goals, company or organization can determine for themselves, what documents must be placed under travel and fuel consumption.

Without a doubt, the enterprises of the transport fleet, relevant to reduce fuel costs and increase their efficiency, so often the fuel of the accounting management of the company is transferred to a specialised company – reliable and their work skilled and qualified professionals helps to prevent diesel fuel theft, prevents fuel from waste and losses, as well as accurate measurements are needed for analysis and further actions. Added Value audit and accounting company, is a quality and reliable solution for Your company's fuel for the purposes of accounting!

The goods are assets purchased for resale, and enterprise output produced for sale. Goods accounting – the accounting part, relates to goods, which consists of business operations fixation in the primary documents, accounting registers and buhalterinėse accounts.

Goods account for most of the commercial enterprises of the working part of the property. Assessment of the goods is inevitable and errors, which have substantial and long-term effects – not accurately recorded income accurately calculated and paid taxes. Also posed a serious threat and other relevant accounting data for justice.

The commercial activity development has been one of the most important factors which value to search racionalesnių and more sophisticated accounting methods. Currently, however, companies often fail to use the opportunity to freely choose the accounting and evaluation methods. Neišanalizuoja these methods advantages and disadvantages, and goes back the same time an easy-to-road – apply what recommends that the regulatory acts or follow the company-established practice. In a changing economic situation, for one or another of the factors may vary and corporate performance characteristics, therefore, required to periodically check, assessment of new accounting methods and select the best suited to the activities of the enterprise specifics of the method.

Goods accounting for justice and objectivity requirements relate to accuracy and reliability. Accounting data must meet all the requirements to guarantee the security of information at all levels. Accounting data inaccuracy, neobjektyvumas leads to bad decisions, frequently associated with the reality of the situation.

The fair and accurate stock records and based on the financial statements for the help information consumers to make efficient economic decisions, so if you don't have anyone to whom to entrust the conduct of the goods in the accounting or the same lack of qualifications, do this – Added Value to help sort out Your goods accounting program. Let's get Your business to breathe!

Management accounting, this information, which is necessary for the entity to manage the collection, classification, evaluation, and presentation. Well-managed management accounting can help to answer specific questions: What is the cost of the product, whether it is appropriate for this product produce? What kind and amount of any costs incurred in certain companies units? What are their formation causes? What problems need attention? Management accounting information is a commercial secret of not only external customers, but also employees who do not have a direct connection with the problem.

Many manufacturing companies manufacturing accounting takes a considerable amount of work time, and therefore require specially to carry out the work of the accounting staff. Until the data is entered manually into the accounting system they get older, so it brings little benefit to the production management system. When enterprises are not satisfied with the usual accounting solely due to the tax, to see more, different cuts and standard measures are no longer sufficient – Added Value your system may expand the accounts up to the powerful business management system, by dividing all the stages from reality and replicate the accounting program.

Stocks in the company, it is short-lived assets such as raw materials, work-in-progress, finished goods and purchased goods for resale, which the company uses to earn income within one year or one business cycle. Registering supplies accounts, they are valued at acquisition cost, and the preparation of the financial statements of acquisition cost or net realisable value, whichever is smaller.

Received into the company reserves must be time užpajamuotos and recorded buhalterinėje accounting. Each of the company accounting documents of the conclusion of the procedure is different and depends on whether or not it is handled manually or is computerised. Reserve accounting is very different not only due to the fact that one company is a processing, manufacturing, other services, but also because some of their stock nomenclature huge, while others just some of the names. One company reserves time in warehouses, while others have absolutely no warehouses, so will vary and stock pajamavimo order.

Small company with negausia stock nomenclature, accounting warehouses leads using the accounting for inventories cards. A separate card file shall be opened for each stock nomenklatūriniam number. Card is followed by the full stock name and nomenklatūrinis number. In order to find the desired type, the cards indicate its location. Each accounting for inventories card is registered in the warehouse of the cards in the description. In computer accounting entries shall be made in the same order, and the warehouse in the cards represent entries into the computer. All the original stock of the receipt and issue of documents, the inclusion of their data in the cards, are transmitted to the books, then shall consist of the transmitted list of documents.

A very common corporate failures and bankruptcies reason for the reliable and his work with the accountants lack. In order to develop a successful business, its administrative affairs should be entrusted to professional accountants. Therefore, the warehouse in the accounting program the company let me take care of Added Value team – we will provide all the necessary tools for successful stock accounting marry!

Cost is the economic benefit to the loss on the sale of assets, consumption, loss, or impairment. Costs accounted for and the income statement are shown, which corresponds to the cost of the definition and the reliable determination of their value.

Cost accounts are captured on the basis of accrual and matching principles. In accordance with the accrual basis of accounting, expenses are recorded when they are incurred, regardless of the time the money was spent, and the comparison principle, that current income must be linked to the costs incurred to earn income. Costs considered only the cost of part of or incurred in earning the reporting period income, or may not be associated with the coming of prior periods income uždirbimu. Expenses related to the different periods, must be allocated to those annual periods, during which they will provide the enterprise economic benefits.

Costs that are not related to income which has been earned during the reporting period, but designed to earn income in future periods recorded in accounting and the financial statements are presented as assets. It is important to mention that businesses often face a variety of costs which cannot be attributed to the specific reporting period income uždirbimu, by the way, and in the coming periods, these costs will not be provided economic benefits to the enterprise, so these costs should be recognised as an expense in the same period as incurred.

Cost accounting is an integral part of business management accounting part, because the only systematic records can ensure effective management decisions. The company the expenses must be managed, and properly selected system that allows you to effectively manage the company's costs to monitor, control and analyze, accept lemtingus decisions. So, if you want to successfully manage your business – Added Value offers your business the accounting knowledge and experience to adapt Your business!

The individual undertaking the process of establishing and then, when You are a specialist in your area, you provide services or sell goods, but not great to grow in the market, whereas all orders, you can perform the same or with a small staff team support. As an individual company, it is the unlimited liability of a private legal person, whose main objective is to economic and commercial activity, and the pursuit of profit.

An individual firm is distinguished by certain features, which helps distinguish it from other legal person legal forms. The individual assets of the enterprise consists of two parts: the first part is that the undertaking is transferred to the owner of the property, while the other part, is property which has been acquired by an individual on behalf of the company. It is important to stress that all of the company's net profit belongs to the owner and the property is inseparable from the owner of the property. If an individual company are not sufficient assets for a certain obligation – this is the responsibility of the owner. Also is not defined in the individual company's authorised capital, so the company can set up a person who wants to invest in it a small capital. An individual company may be transformed into other types of legal persons legal forms as a public limited company, private limited company and public institution.

Individual activity records required processing in accordance with the accounting rules, and if you don't know what to rely on, need to be flexible to Your needs, responsive professionals, contact us Added Value specialists. We will help to calculate the taxable income, show you how to keep track of the fees that you must pay to the state, and which provide declarations. Repair Your individual enterprise accounts, we calculate and only declare the fees, we will provide the necessary declarations to the public authorities.

Individual activities – this is an independent activity that the pursuit of the man seeks to get income or other economic benefits over a continuous period. You can run a certain type of individual commercial, industrial, professional, creative or other activities if the Republic of Lithuania law prescribes the requirement for the establishment of legal persons. If the law permits shall not prevent the conduct of economic activity without a legal person, he or she may perform the activities of, though, and require a license or any other authorization.

Individual activity – a convenient way to start up a business without having to set up the company. Just have to register with the tax inspectorate, engaging in activities and get a certificate, and decides the activities of the terminate is sufficient to inform in writing, that they nebevykdote. Individual activities characteristic: there is no working relationship between the characteristic signs, the same man deals with their activities, they also bear the operational costs, receives income from the executive activities. It is important to mention that the trades is a certain continuity and cause and options transactions in the future. This characteristic of the activities and of seeking income or other economic benefits.

Permanent residents of Lithuania, engaged in individual activities (other than įsigijusius business certificates) and non-residents of Lithuania, acting through a permanent base in Lithuania, the handling of the individual company's financial records must comply with accounting rules adopted by the Republic of Lithuania minister of finance in 2003. 17 February. by order No 1K-040 "For the Population of dependent self-employed (excluding population, įsigijusius business 14 certificates), accounting approval of the rules".

Entering individual activities and for the first time confronted with book, will definitely have questions. Engaged in individual activities in accordance with the certificate, shall maintain accounting and it doesn't matter if the loss was suffered, or income was low. Individual activity book consists of invoices and the resident individual income – expenditure accounting log. Accounts to be conducted both in the paper version and on the computer.

It is very important that the activities during the execution of the select cost principle, which may be either cash or accrual. Money principle – you in any case your cost is pressed for 30 percent of the income received, which means that before calculating tax amounts, You will need to subtract 30 percent. This cost option is usually preferred by those whose activities are very low cost or no. The accrual principle is characterized by the fact that You will have to collect each of the document that proves the costs of, for example, invoices, receipts, etc.

For beginners, individual accounts for its activities, much safer to entrust to professionals. If you are not faced with the accounting standards, the lack of necessary skills for the first time, may arise not only a lot of questions, but it will take away a number of Your time that you can devote to other important work-related activities, in addition, to the processing of accounts prevent errors. This error can later bring a big loss.

The association is a non-profit organisation, where the legal and natural persons voluntarily come together and engaged members of the association set out the economic, social, educational, cultural, business tasks and functions. The association of accounting is handled in accordance with the accounting act, the performance reports for the completion and submission procedure is governed by the Republic of Lithuania minister of finance "On the non-profit limited liability of legal persons for the accounting of financial reporting and the preparation and submission to the approval of the rules".

The main goal of the association is to coordinate the activities of its members and to represent the members of the association of interests, defend them, or to meet other public interests. The association found may be 18 years old natural persons and legal persons, which consists of the association treaty. The lowest possible association of the founders count is 3. The association may carry out activities that do not conflict with its articles of necessary activities to achieve the objectives.

Often properly prepare accounting documents for complex – requires both experience and specific knowledge, mindfulness. To carry out such work must be meticulous, skilled worker, but if the don't, accounting services undertaking is a great option. Trained professionals are always prove to be more competences, qualifications and experience. In order to be well prepared for the association of accounting the need for accuracy, professionalism. Therefore, we have, Added Value the team of the association for the purposes of accounting, we apply an advanced accounting system, the preparation of the associations of accounting documents to responsibly follow the accounting rules and laws, to accurately appraise the association's financial results, on the basis of associations of accountancy carry overall economic analysis, provide recommendations for performance improvement. Together with Added Value you can save time and avoid mistakes!

Today, many people who want to become equity business owners, small community establishment is a great option – they are waiting less civil liability, since not responsible of their property, there is no requirement for the minimum level of capital, as well as this community is not required to have a manual. The business existence based on personal features to streamline the cooperation principle, moreover, the law allows the members of the community agree with each other in various small community activities.

A small community is for people who create small, does a significant investment in the family business and for those who one of the other well know and want to participate in the small community activities. Small community founders may only be natural persons and not more than 10 persons. Small initiation depends on the selected establishing the way – electronic or non-electronic – and they of the founders of the number.

Another advantage – simple small community of accounting and financial reporting requirements, more flexible management. However, this does not mean that the small community of book can be traversed in a free format or be in such a simple, where is the clear instructions, which must be respected.

For information about the accounting guidance of the lack of being an obstacle to the implementation of their business plans, small community accounts allow me to fix Added Value professionals. We assigned the work we carry out responsibly, thoroughly and professionally. We strive to take care of the small community book and its standards compliance, through institutions of higher education in accounting technology, thus saving Your precious time and avoiding additional error probability. Our team for the progress in business!

Public institutions accounting treatment is similar, like all other legal persons, but one of the main public institution of differences in their operational objective should not be the pursuit of profit, which according to the legislation, cannot be classified founders and the participants in the activity.

Ngo institutions in processing or preparation of the accounts, financial statements, guided by the general accounting principles of the Republic of Lithuania on financial statements of companies in the law on non-profit limited liability of legal persons for the accounting of financial reporting and the preparation and submission to the approval of the rules. According to the general accounting principles, the legislation regulating their activities, not-for-Profit limited liability of legal persons in the model chart of accounts and recommended his explanations and other legal acts of the republic of the institution chooses an accounting policy which has to be approved by a moderator.

If the public institution the institution of changes in accounting policies, changes in accounting policies, the fact shall be indicated in the notes. The new accounting policy is applied from the decision to use it for the date of adoption and future periods.

If you think, that all public institutions of accountancy operations management is too important responsibility, you may not have the face or have questions, or maybe the lack of skill – we are responsible, qualified and flexible, so effortlessly repair Your institution's accounting: provide high quality and timely submit all reports and dossiers, negailėsime tips for optimizing account management. Added Value – adapt to each individual needs!

Financial accounting is all of the company's activities, the summarized accounting, under which sets out the company's financial results – the profit or loss and the financial report. The main objective of financial accounting is to provide the true, correct information about the company's prior period results and financial condition. The most important information the users, it is the current and potential business owners, management, employees, creditors, suppliers, buyers, various state authorities and other external and internal users.

The standards set defines the way must be devised to financial statements. Whereas financial accounting provides information to external and internal users, therefore, it is usually governed by the law, information, standardised by the – procedure for and the format of presentation tries to unify, that the external information users easily understand it. Financial reporting of data may not be trade secrets.

Most of the problems and bankruptcies occur due to bad financial management. If you want to avoid this – believe financial accounting management us! Added Value professionals are characterized by accuracy, flexibility and diligence, they are key features that can help Your business!

Accounting is an integral part of the company's activities. Each of the company act – for sale, bank transfer, salary calculation, etc. shall be recorded in the accounting documents. Later an accountant, these data systemizes and prepares for the public authorities in accordance with procedures acceptable. Apskaitinikas are accountant, helper, it processes the primary documents and performs other work. Correctly summarized information is the main source of optimal solutions business to adopt.

Accounting provides data on company financial position, financial performance and cash srautusataskaitų data are required for both external and internal accounting data to users. Internal accounting information users, the owners of the company, administration, staff, and external users – creditors, suppliers, buyers, and different authorities.

For accounting organisation of the rules for the approval of accounting documents for conservation and financial statements for the timeliness, the responsible manager of the company or its authorised buhalterijso manual for company accounting responsible for the management of bookkeeping – bookkeeper. They are guided in their work with the Republic of Lithuania on accounting, the law of the Republic of Lithuania on public sector accountability to the law of the Republic of Lithuania, the minister of culture of the approved Budgetary institutions accounting rules on the organisation and other legislation, the minister approved the regulations, job descriptions.

With the establishment of their own businesses or participating in individual activities, it is always important to ensure that the accounting records are kept properly and the only responsible for accountants. Please understand that even a minor error can become large problems for a reason. Added Value professionals will take care of the quality maintained in accountancy in Your company, because to the best result – the necessary specific knowledge, mindfulness and hard work!

Closed joint-stock company must keep accounts using the double-entry note, the provision of the financial statements and have an employee or legal person, who shall keep records. Many individual businesses currently re-design of the LLC, as the owner of the company is responsible of his property.

UAB accounting shall be required to keep in accordance with all of the business accounting standards, the law on accounting and financial reporting of Companies act. UAB is the most popular activity in Lithuania, so the tax and accounting aspects of the focus. UAB, as well as other start-ups, required to annually prepare its financial statements and to submit it to the HR center of Registers.

In business it is crucial that financial operations and all related documents be processed fairly, lawfully and, of course, reliable. UAB accounts must manage only the high competence of the specialists, so Added Value audit and business accounting services to the company providing guaranteed quality and confidentiality. We provide high-quality, qualified accounting services and no matter what Your business is – large, medium, or small, because we can ensure the accurate and correct accounts!

According to Your wishes we UAB accounting from the initial paperwork to the necessary preparation and delivery. We provide a range of advice, here are recommendations in order to optimize Your company's financial management solutions.