• Accounting Services

Baker Tilly provides accounting expertise to supplement and support your business through fully or partially outsourced service in the long term or in the short term, at a particular time of the year. We perform services to all forms variuos size Lithuanian and foreign capital companies.

Accounting is performed with Microsoft Dynamics NAV (Microsoft Navision Financials) software. The clients have the possibility to get internet access to connect to their database. If client requests we have the experience and are ready to work with other software provided by the clients (i.e. SAP ERP, NAV, etc.).

Statutory Accounting

  • Accounting and book-keeping in  accordance with the Business Accounting Standards (BAS) and International Financial Reporting Standards (IFRS).
  • We perform full scope of accounting services from source accounting documentation  preparation and recording to finalisation of statutory financial statements.
  • We provide periodic management accounting reports.
  • We represent client’s interests at local state authorities  (Centre of Registers, Tax Inspectorate,  SoDra, Customs kt.).
  • We develop accounting policy and standard operating procedures.

Financial Statements

  • SAC can prepare your statutory financial statements to assist directors in fulfilling their obligations to report on the financial position of the business.
  • We prepare interim, annual and/or consolidated financial statements in accordance with the Business Accounting Standards (BAS) and/or International Financial Reporting Standards (IFRS).
  • We have experience in providing tax declarations and annual financial statements using accounting data, which is centralised and controlled by the group of companies.

Other Accounting Services

  • We perform payroll calculations provide social security and personal income tax statements,  manage and administer personnel documentation. Salary payment data can be exported into the banking system with the use of LITAS-ESIS software.
Tax Accounting
  • We support foreign entities registered in Lithuania as taxpayers or VAT payers to keep their accounting records for tax purposes.
  • We perform accounting services for the purpose of VAT, profit and personal income taxes and social security contributions and other taxes. We prepare and submit tax declarations to the appropriate authorities.

Management Accounting

  • Our team can put a set of numbers into perspective. We are ready to discuss with you what the financial statements actually say about the state of your business. We can help you to identify the key performance indicators for your business success measurement.
  • We provide budgeting, business planning services as well as periodic performance comparisons with the budget.
  • Having performed financial analysis of your company, we are ready to discuss what steps can be taken to increase the company’s profitability, manage cash flows and utilise company’s reserves.
  • Upon request by the customer, we are ready to participate in the Management Board meetings presenting the company’s financial information.