Accounting Outsourcing

We provide accounting outsourcing services in Armenia since 2020. We offer dedicated service packages for subsidiaries of international companies, import and export companies, branches and representative offices.

Whether you are thinking of expanding your business to a new market or already successfully working in Armenia, we can take over all of your routine and time-consuming accounting tasks so you can focus on developing your core business in the country. Our top accounting and tax experts will handle accounting tasks of any complexity, providing professional consultancy on best accounting practices and industry benchmarks to ensure full transparency for your head office and compliance of accounting and financial reporting with both local legislation and corporate standards. We can integrate local accounting systems with the solution used in head office to ensure total visibility and real-time availability of financial and operational data from subsidiary operations.

WHAT YOU GET

ACCOUNTING POLICY DEVELOPMENT

We specialize in crafting customized accounting policies that meet your specific business needs and comply with both local and international regulations. Our services include:
• Tailored Policies: Customized to fit your industry and business model.
• Regulatory Compliance: Ensuring adherence to Armenian laws and global standards.
• Risk Management: Identifying and mitigating financial and operational risks.
• Ongoing Support: Updating policies as your business and regulations evolve.

CHIEF ACCOUNTANT FUNCTION

We provide a qualified chief accountant to ensure the accuracy and integrity of your financial records with relevant industry experience and management skills. He/she will develop your accounting policy, arrange daily bookkeeping, statutory, tax and management reporting, review contracts and agreements and, if necessary, will act as head of your accounting department.

AUTOMATED ACCOUNTING & REPORTING

We will manage your initial accounting setup and automate your accounting and financial reporting according to local Armenian and international standards (IFRS) using Armenian Software, particularly AS-Accountant, AS-Wages, AS-Trade and AS-Accounting systems, which are leading systems in Armenia. We set up automatic generation of reports for any kind of use, e.g. revenue, salary, payables/receivables, etc.

FULL ACCOUNTING OUTSOURCING

We manage all you daily accounting tasks by collecting and storing your main documents, agreements. We prepare tailored chart of accounts for your entity, handle full HR administration, payroll calculation, timesheets preparation, provide methodological consulting about legislative changes, submit all tax and other statutory reports and provide support during tax inspections.