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Accounting services in Wrocław – full and simplified accounting

At AFK Accountancy Office, we offer professional accounting services, including full and simplified accounting of businesses, foundations, and associations.

Full accounting system

Full accounting kept by AFK provides a comprehensive image of the company’s financial condition and its economic processes. Within our full accounting services, we perform:

  • records of revenues and expenses,
  • records of assets and related funding sources,
  • inventory of assets and liabilities,
  • financial statements,
  • calculation of payroll.

A full accounting is composed of Accounting Policies and books of account.

Accounting Policies

Enterprises keeping books of account are required to develop accounting policies in Polish to contain the following information:

  • determination of the financial year and reporting periods,
  • selection of a measurement method of assets and liabilities and determination method of the financial result,
  • characteristics of the selected maintenance method books of account, including as a minimum:
    • company system of accounts,
    • list of the maintained books of account,
    • description of the data processing method.

What is included in books of account?

The books of account include:

  • journals,
  • general ledger accounts,
  • sub-ledger accounts,
  • trial balances of ledger and sub-ledger accounts,
  • specifications of assets and liabilities.

Who is obliged to keep full accounting records?

In certain instances, the maintenance of such complex records is mandatory. Now, the duty to maintain full accounting books applies to:

  • natural persons,
  • partnerships of natural persons,
  • partnerships of natural persons and inherited enterprises,
  • registered partnerships of natural persons,
  • professional partnerships
  • inherited enterprises operating pursuant to the Act of 5 July 2018 on succession management of natural person business (Journal of Laws, item 1629 as amended),

– if their revenues in 2019 amounted to minimum PLN 8,746,800.

The minimum limit of revenues above which it is required to maintain full accounting is set in EUR and now amounts to EUR 2 million. Then it is translated into PLN at NBP’s mean exchange rate.

The duty to maintain full books of account also applies to limited liability companies and joint-stock companies. A detailed list of entities required to maintain full books of account is provided in Art. 2.1 of the Accounting Act.

Simplified accounting

Simplified accounting consists of a simple recording of financial events and does not require the maintenance of full books of account. Simplified accounting may have the following forms:

  • Flat-tax records
  • Tax cards
  • Revenue and expense ledgers

This form of taxation may be applied to sales revenues of goods, products, and financial operations for the previous financial year (including the tax amount) under EUR 2,000,000 equivalent (in 2019 – PLN 8,559,000). When the limit is exceeded, it is necessary to maintain full books of account.

 

Accounting services and HR and payroll services – example of coverage:

  • Supervision by chief accountant over accounting documentation.
  • Making entries to the ledgers.
  • Registration, updates, and deregistration of the entity as an active VAT/VAT-UE payer.
  • Maintaining records of fixed assets and equipment.
  • Maintenance of VAT purchase and sales registers.
  • Ongoing verification of received and issued VAT invoices.
  • Ongoing verification of tax liabilities for domestic and foreign economic operations.
  • Calculation of advances for income tax.
  • Settlement of tax liabilities.
  • Preparing VAT/VAT-UE returns.
  • Preparing JPK (Standard Audit File for Tax).
  • Preparing transfers for tax payments.
  • Preparing packets of transfers for invoices to be authorised by the Customer.
  • Control of payments to the tax Authorities.
  • Preparing the annual PIT-16A tax return on the amount of health insurance premium paid and deducted from the tax card.
  • Preparing transfers for tax payments.
  • Preparing packets of transfers for invoices to be authorised by the Customer.
  • Control of payments to the tax Authorities.
  • Preparing the annual PIT-16A tax return on the amount of health insurance premium paid and deducted from the tax card.
  • Representing the Customer in contacts with the Tax Authorities at inspections and controls (PIT-16A, VAT).
  • Drafting letters related to accounting and tax matters.
  • Provision of regular information to the Customer on legal changes in accounting and taxes.
  • Control of limits and factors affecting the right to apply or lose a specific form of taxation.
  • Registration and deregistration of premium payers with ZUS.
  • Registration and deregistration of employees to/from social insurance.
  • Calculation of ZUS premiums (social insurance, health insurance and labour fund).
  • Control of payments to ZUS.
  • Updates of information with ZUS – preparing declarations (e.g.: DRA, RCA, RMUA, ZUA, ZZA, ZCNA, ZIUA, ZWUA) and ZUS IWA information.
  • Drafting letters related to ZUS.
  • Representing the Customer in contacts with ZUS and during inspections by ZUS.
  • Business support by Customer Advisor.
  • Reporting, e.g. to GUS.
  • Retention of settled documentation.

Simplified accounting

Full accounting

Are you interested in the service?

Contact

ul. Świeradowska 51/57
50-559 Wrocław

+48 71 336 95 21

+48 71 336 95 26

+48 71 338 67 71

+48 71 338 67 76

+48 71 336 18 17
bok@afkcob.pl

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