You will receive a fully organized company accounting with final financial statements and a trial balance. Each balance sheet line will be documented as required by Norwegian accounting rules.
Handling neglected accounting
Is your accounting for previous periods out of order? Of course, it is not the best situation, but you are certainly not the only one who has this problem. However, not all accounting firms have the resources to work with this group of clients, and as a result, the freedom of choice is significantly reduced. We understand your concerns and because we have ability, we usually do not refuse to help and take on the task of organizing accounting for previous periods, preparing and submitting mandatory declarations and reports for those periods.
The accounting for previous periods service is intended for those who have suspended their company’s activities in the past, lost their accountant and did not find a new one or had an incompetent accountant. You have to have in mind that in many cases this is a much more expensive job, because you have probably already paid someone else for this part of the work, and we will have to review all the data to check what was accounted for in order to avoid data duplication. In addition, the service itself is more expensive.
Precondition:
- Have less than 500 documents;
- Deliver bank account statement;
- Deliver trial balance if your company had activities earlier;
- Deliver all the documents, so we can identify all the transactions in your bank account statement;
- Provide us with the brief comments if needed to understand some of your documents;
Be aware that:
- Cash withdrawal without documentation will be treated as private withdrawal , which may give you higher VAT / corporate profit or private tax payable;
- Cash deposits without documentation could also lead to higher VAT / or tax;
- If the bank account statement is missing, we can not do the accounting for your;
- If the the trial balance is missing , but the company had an activity before the period we are doing accounting for – we can not do the accounting for you.
Eventual errors or omissions in the documents
If there are errors and/or missing documents in the submitted documents, you will receive an email informing you of this. This notification should be responded to and the missing documents submitted within 5 business days. If we do not receive additional documents within this time, then we will perform our work in accordance with Norwegian generally accepted accounting principles (god regnsvagsskikk) and best accounting practices.
