Simplified accounting is based on simple principles of collecting data on company’s finances. Although many people decide to do the accounts themselves, it is worth to entrust this to professionals – you will not only save time, but you will also be certain that the simplified accounting of your business activity will be characterised by accuracy and transparency.
What aspects are covered by a simplified accounting approach? The simplified accounting consists of:
- The Revenue and Expense Ledger
- The Tax Deduction Card
- The recorded lump sum.
This accounting method can be used by all companies meeting the specific income conditions and its purpose is to determine the exact tax obligations of smaller companies.