Cost Issues

The prices for our services are set individually for each Customer on the basis of actual work volume to be done in the company. When calculating the prices, we proceed from the following criteria:

• Tax system
• The quantity of transactions
• Manpower
• The range of commodities
• Presence of complications and specific accounting features

The concept of our pricing

The quarterly basic cost of accounting services is calculated from fund circulation and/or inventory as well as from the quantity of financial transactions (or economic operations). The basic cost is calculated on the basis of the table below:

The cost of accounting support services can rise depending on accounting peculiarities. The rates of cost increasing (in %) are represented below:

1. Tax accounting

In case of a difference between tax and financial accounting (availability of credits, leasing, production, etc.) the cost increases by 20% of the basic rate.

In case when it is necessary to prepare reports (if the enterprise is not classified as a small business) the cost increases by15% of the basic rate.

2. Types and specific qualities of the activities

• Construction (including non-contracted construction), production, catering and other types of business requiring internal industrial operations (writing-off raw materials, receiving finished products, calculating costs, etc.) – 30%
• Import and/or export operations – 25%
• Operations with securities– 20%
• Trade of excisable goods (alcohol drinks, fuel and lubricants, cigarettes) -10%
• Retail trade – 25%
• Differernt VAT rates for products or goods when being sold-15%
• Intermediary business (several committents\commission agents) -20%
• Amount differences (purchase\sale not in UAH) - 15%
• Several different types of activities – 20%
• Real estate deals - 10%

3. Additional Basic Documentation

Formatting documents that are not included into the standard package of basic documentation – from 1.5 USD per document

The list of standard documents included into the basic package of accounting services::

• Agreements on sale, delivery, services
• Bills, invoices, formal notes
• Work completion statements work with invoice itemization
• Reconciliation Reports
• Enterprise’s cash
• The book of purchase and sale
• General ledger
• Tax report for income tax
• Accounting policy
• Payroll documents
• Labor orders (appointments, discharges, business trips, leaves)
• Staffing table
• Employment agreements and property accountability contracts

The actual prices for keeping accounting and accounting services will be set on the basis of your company’s accounting specificity and the volume of work to be done by us..

4. Restoration of Accounting

For accurate valuation of the cost of restoration of accounting the auditors of our company will have to analyze the accounting e-databases. The analysis will result in a written report on the current status of accounting. All shortcomings, mistakes and inaccuracies of accounting, as well as approximate work volume and the final cost of restoration of accounting will be stated in the report. While concluding an Agreement on Restoration of Accounting the amount will be included into the total cost of the Agreement, and this analysis will be used for making up terms of reference for restoration of accounting and for identification of work steps. If the Agreement is not concluded the Customer will receive this written report as a further recommendation on restoration of accounting.