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Financial Accounting

One advisor, a world of expertise

Efficient accounting processes | Up-to-date accounting information | Improved financial reports

Our Finance team provides innovative, virtual outsourced accounting services and delivers monthly financial insights using cloud technology. We combine these insights with our global capabilities to accelerate the growth of your business.

Our approach

We’re focused on private companies of all shapes and sizes, including start-ups, family businesses, not-for-profits and everything in between.

As a small or medium-sized enterprise, you need access to quality insights to help you optimize and evolve your business. Collectively, your business demands your attention in many areas—understanding your cash flow, measuring key performance indicators, accounts payable, day-to-day accounting—so it’s important to have a partner who can help you where you need it most. We help you navigate the road ahead, build value in your business and achieve the return you’re looking for.

Tablet showing nexthub dashboard

By outsourcing your accounting, you can rely on a fully staffed virtual team that scales as you need. No more worrying about staff management. Your team will help you implement and build cloud-enabled processes and systems to help you scale, seize opportunity and eliminate wasted time. This leaves you more time to focus on higher value activities.

With access to accurate, timely information on the go, you’ll be able to make timely and informed decisions about your business. All of your financial reporting and compliance needs are delivered seamlessly by a dedicated team that knows you and your business.

As a trusted partner that understands you and your industry, our team will always be there to talk with you and provide another perspective when it comes to making important decisions. Your adviser will collaborate with you on these important decisions and deliver the best of PwC’s collective expertise and global reach scaled to your business.

How we can help

General accounting

 

  • Maintain General Ledger
  • Fixed assets accounting
  • Manage cost accounting
  • Performe period end reconsilations
  • Performe management reporting

 

Accounts payable

 

  • Manage vendor Master Data
  • Verify & process invoices
  • Process vendor payments
  • Manage travel expenses
  • Respond vendor inquiry

 

Accounts receivable

  • Manage customer Master Data
  • Performe billing
  • Process bank statement
  • Issue Customer Statements & support reconsilation

Statutory Reporting

  • Annual statutory Financial Statements according Local GAAP or IFRS
  • Company GAAP to Local GAAP conversions
  • Audit support
  • Statistical and other statutory reporting
  • Reporting to the Bank of Lithuania

Tax reporting

  • Indirect tax compliance
  • Corporate Income tax compliance
  • SAF-T
  • Other tax compliance

Parallel books

Transactional data from Your Enterprise System coded according Lithuanian Tax and Accounting legislation automatically uploaded into the PwC finance software --> this is the Outsourcing model of the Future.

Find out more

Contact us

Giedrė Cater

Giedrė Cater

Tax Reporting, Accounting & Strategy Leader, PwC Lithuania

Tel: +370 698 52318

Ina Ožoginienė

Ina Ožoginienė

Manager, Tax Reporting, Accounting & Strategy Services, PwC Lithuania

Tel: +370 618 83884

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