Bookkeeping

Cyprus businesses must maintain accurate accounting records at their registered office or a location designated by the directors or business owners, showcasing all financial transactions, including receipts, expenses, sales, purchases, assets, and liabilities.

Our bookkeeping services include but are not limited to:

• Recording of transactions on our well-established computerized accounting software, tailored-made to the rules and regulations in Cyprus, as well as the requirements of specific industries.
• Preparation of monthly bank reconciliations and agreement with bank balances.
• Preparation of monthly debtors' and creditors' reconciliations and communication with counterparties ensuring agreement of balances.
• Loan calculations, ensuring accurate recording of the terms and conditions of loan and other similar contracts.
• Recording of monthly payroll in the accounting records of the business.
• Registering businesses with the Cyprus tax authorities and obtaining the relevant TIC and VAT number.
• Advising on the regulations for VAT within Cyprus and the European Union.
• Preparation and submission of VAT and other relevant reports.
• Assisting clients in VAT investigations where necessary.
• Preparation of monthly management reports which analyse and summarise the business transactions and affairs.
• Preparation of annual statutory financial statements under International Financial Reporting Standards (IFRS).

With more than 50 years of experience, PGE&Co is your best choice.