Accounting Services

According to the laws in force in Lithuania, the foundation of a legal entity entails the obligation to maintain proper accounts and ensure reporting to the controlling authorities. Even if the legal entity does not carry out any activities, the submission of annual reports to the State Enterprise Center of Registers (VĮ Registrų centras) and the State Tax Inspectorate (Valstybinė mokesčių inspekcija) is mandatory. Please see the FAQ section for more information on these obligations.

It is important to choose a reliable and competent accounting partner. Accounting not only means proper and timely execution of tax obligations, it is also an indispensable management tool. Thanks to the management accounting, reliable figures allow management to make important management decisions in a timely manner, for example:

  • should the price for goods/services be raised or reduced? The exact cost analysis can provide the answer;
  • if the costs and/or administrative costs rise, measures such as cost control, search for alternatives, negotiations with suppliers should be considered;
  • if customers do not pay on time, systematic dunning work is required;
  • when there is a lack of working capital, potential problems can be revealed through financial analysis and revenue indicators;
  • if you carry out several projects, it is necessary to see the result of each project separately;
  • how much do you need to sell in order not to be in the red? A break-even analysis provides the answer;
  • will there be enough money to settle with the suppliers and pay credit installments? Cash Flow Planning and Monitoring will provide the answer;
  • are you planning an expansion and not sure if you will have enough money? Creating a budget will help you plan the entire expansion process and assess potential risks.

After concluding an accounting service contract with Žinius UAB, you will be able to choose the most suitable service package for you with offers ranging from the minimum package where only the fulfillment of the obligations established by law is offered, to the maxi package where the required management accounting reports can be selected as needed.

Get an Accounting Service Offer