Financial Accounting
Efficient accounting processes | Accurate financial information | Insightful reports
Our team provides financial accounting services by leveraging innovative technologies, efficient processes, and extensive expertise. Our goal is to help your company not only manage its finances but also grow by making data-driven decisions that contribute to long-term success.
Our approach
Our services are designed for both small and large businesses operating across various industries and service sectors.
Every company needs high-quality insights to optimize processes, manage cash flows, and assess key performance indicators. With a reliable partner, you can make informed decisions that not only drive business growth but also help optimize costs, enhance operational efficiency, and ensure financial sustainability.
By prioritizing transparency, data-driven insights, and innovative technologies, we take care of your company’s finances and contribute to your long-term success.
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
- Financial accounting
- Statutory reporting
- Parallel bookkeeping
Financial accounting
- Full or partial financial accounting management
- Temporary financial accounting management (in case of short-term staff shortages in the company)
- Consultations on complex accounting issues
- Preparation of management reports
- Review of financial accounting for previous periods
- Representation in communication with the Tax Authorities
- Consultations on the efficiency and optimization of accounting processes
- Consultations on the application and changes of financial reporting standards
Statutory reporting
- Preparation of annual statutory financial statements in accordance with local GAAP or IFRS
- Assistance during audits
- Statistical and other statutory reporting
- Reporting to the Bank of Lithuania
Parallel bookkeeping
Transaction data from your company's management system, encoded according to Lithuanian tax and accounting laws, are automatically transferred to PwC's financial accounting software.
Client Benefits
- Company accounting data, compliant with Lithuanian legal requirements, are consolidated within a single system.∙
- Capability to generate the SAF-T file.
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.
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