Many companies do not have properly developed internal accounting policies. Without clear rules, an accountant may be unable to provide reliable information quickly. MG Alliance can develop internal accounting procedures and establish effective links between departments so that information is exchanged without delay.
Establishing an accounting system includes:
- a detailed review of the company’s activity;
- development of taxation arrangements;
- analysis and assessment of taxes payable;
- optimisation of the organisation’s document workflow;
- development of the principal accounting methods; and
- automation of accounting processes.
Reconstruction of accounting records
This service restores the organisation’s accounting and tax records when accounting was not maintained at all or was maintained incorrectly. Our specialists organise the company’s documents in accordance with Latvian legislation and applicable European Union requirements and can reconstruct accounting records from the beginning.
The reconstruction may cover the full accounting system or only the parts that require correction.
Individual accounting supervision and training
This service can be useful when a company does not have a chief accountant. For an agreed period, an MG Alliance specialist can perform that role, check whether accounting is being maintained correctly, adjust the work of the accounting function, prepare the required financial reports and provide consultations.
By entrusting the maintenance, preparation and submission of accounting reports to MG Alliance SIA, the client reduces the problems caused by incorrectly prepared financial documents. Professional support helps avoid penalties and save management time. Our specialists guarantee confidentiality and a high standard of accounting service.