Service

Accounting and bookkeeping for companies, sole proprietors and associations

In short

Syncon keeps the books for companies (double-entry bookkeeping), sole proprietors (single-entry bookkeeping), and associations and foundations: from bookkeeping and monthly VAT returns to annual financial statements and the corporate tax return. You send us your documents electronically.

Accounting for companies

We set up and run a complete accounting service for companies, tailored to each company and fully compliant with current laws and regulations.

We support financial planning and the analysis of income and expenses, and make sure the information in your financial statements is transparent and reliable, so you can make informed business decisions.

What the service includes

  • recording all business transactions in double-entry bookkeeping
  • payroll and reporting to the authorities
  • monthly VAT returns and the related electronic records (eKIF and eKUF)
  • annual financial statements in line with IAS and IFRS
  • the tax balance sheet and corporate income tax calculation
  • simple, electronic delivery of business documents
  • liquidation reports and the related tax returns

Bookkeeping for sole proprietors

For sole proprietors we provide a tailored single-entry bookkeeping package, adapted to the type of activity and form of registration, with particular experience in retail, hospitality and craft businesses.

Besides keeping the mandatory books, we provide full administrative support.

Core services for sole proprietors

  • keeping the books required by law
  • calculating the owner's social contributions
  • payroll for employees
  • reporting to and communicating with the authorities
  • VAT calculation and complete VAT records
  • depreciation
  • annual tax returns
  • administrative support

Accounting for associations and foundations

We put a special focus on the non-profit sector, so that finances are properly tracked and documented in line with regulations.

Associations and foundations are legal entities and must file annual financial statements with the Financial and IT Agency (FIA), certified by a licensed accountant.

Services for associations and foundations

  • recording transactions under the chart of accounts for non-profit organisations
  • payroll and reporting to the authorities
  • service contracts (ugovor o djelu) and copyright contracts
  • corporate income tax for non-profits with commercial activities
  • depreciation
  • planning and preparing project budgets
  • support with project activity reports

What the price depends on

We set prices individually, after a short conversation about your business. When preparing an offer, we take into account:

FactorWhat we look at
ActivityWhether you are in production, trade, hospitality or services
VAT statusWhether you are in the VAT system
Number of employeesThe volume of payroll, allowances and related reports
Volume of documentsThe number of invoices, bank transactions and other documents to process

Send us the basics about your business so we can prepare an offer for the services you need.

How we work

  1. Initial consultation

    We talk about your business and needs, and if you are just starting out, we advise you on the business model and form of registration.

  2. Tailored package

    We tailor our services to your activity and form of registration, whether you are a d.o.o., a sole proprietorship or an association.

  3. Agile collaboration

    You can send business documents electronically, and the originals stay with you.

  4. Tax returns

    With your authorisation, we prepare and file all tax returns within the prescribed deadlines.

  5. Control

    We close the cycle by checking payments and transactions and reconciling them with the records.

FAQ

FAQ: accounting

How much do accounting services cost?

We set prices individually, based on your activity, VAT status, number of employees, volume of documents and the scope of services you need.

Send us the basics about your business. Based on your needs, we will prepare an offer that clearly lists the services and the price.

Do we have to send original documents, or can we send them electronically?

You can send us your business documents electronically. This makes exchanging documents easier and speeds up processing.

If you send documents electronically, you keep the originals for the period prescribed by law.

Do we file tax returns ourselves, or is that part of your service?

It is part of the service. We file tax returns on your behalf and keep track of deadlines, which depend on your activity and form of registration.

We also check that the payments linked to each return have reached the right institutions and funds.

Do all businesses have to file annual financial statements?

All legal entities must prepare and file the annual financial statements prescribed by law, signed and stamped by a certified accountant with a valid licence.

Sole proprietors, except those taxed at a flat rate, file the self-employment income statement (form SPR-1053). Proprietorships with two or more owners file, in addition to SPR-1053, the annual return on jointly earned income (form GPZ-1052). Individuals who own a business file the annual personal income tax return (form GPD-1051).

Do we have to wait until the end of the year to change accountants?

No. You can change your accounting firm at any time during the year, and the process is simple.

Your current accountant books all transactions up to the agreed handover date, and the new firm continues from that date after entering the opening balances.

If you wish, we can contact your current accountant ourselves to speed up the handover.

Do you work with clients outside Sarajevo?

Yes. We work with clients across the Federation of Bosnia and Herzegovina, including foreign companies and representative offices operating there. You can send documents electronically, and we agree on the way of communicating with you.

Let's talk about your business

Get in touch for an initial consultation. You will get clear guidance and a service package tailored to your activity.

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