Accounting: full or incomplete cycle

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Lex & Finance has a team of proven professionals. Your success is our mission.

Why do you need accounting?

Accounting is an integral part of any enterprise that ensures transparency of financial statements, compliance with legislation and tax requirements. High-quality accounting provides a number of advantages:

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✅ Regulatory compliance— the company complies with all local and international accounting standards.
✅ Effective tax planning— the possibility of optimising the tax burden and avoiding penalties.
✅ Transparent financial statements— accurate data on the company's revenues, expenses and profitability.
✅ Confidence of investors and partners— well-organized accounting increases the reliability of the company.
✅ Reducing financial risks— timely accounting helps to avoid financial problems.

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What is the difference between full and partial cycle accounting?

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In Latvia, companies can choose between full cycle and partial cycle accounting:

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✅ Full cycle accounting— includes all accounting processes, from the accounting of daily transactions to the preparation of the annual report.
✅ Partial cycle accounting— applies only to certain aspects of accounting, such as payroll or tax returns.

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How to organize accounting at the enterprise?

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The organization of accounting includes several stages, but with our support it will go quickly and without complications:

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✅ Consultation— we help you choose the most suitable accounting model for your business.
✅ Preparation of documents— processing and accounting of all necessary accounting documents.
✅ Preparation of tax returns— tax calculation and timely filing of reports.
✅ Payroll accounting and payments— calculation of employees' remuneration and control of costs.
✅ Preparation of annual reports— preparation of financial statements and balance sheets in accordance with legislative requirements.

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Why choose our company for accounting services?

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✅ Professional accountants— experienced specialists with knowledge of local and international accounting.
✅ Full support— We provide both full and partial cycle accounting services.
✅ Confidentiality— Complete protection of your financial data.
✅ Accuracy and timeliness— we avoid mistakes and ensure timely reporting.
✅ Transparent tariffs— affordable prices with no hidden costs.

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Need professional accounting?

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