Accounting outsourcing
We run your accounting end to end, from source documents to financial statements, so you don't need an in-house chief accountant.
What we will do for you
Bookkeeping
Full bookkeeping and chart of accounts under Azerbaijan's national accounting standards.
E-invoices and source documents
Recording and controlling electronic invoices, acceptance certificates and contracts.
Bank and cash
Recording bank statements and cash transactions, and reconciling payments.
Receivables and payables
Tracking balances with customers and suppliers, and reconciliation statements.
Financial statements
Annual and interim financial statements, plus clear management reports.
1C and other software
Bookkeeping in 1C or whatever software your company uses, and cleaning it up.
Management accounts and budgets
Monthly profit, cash flow and cost reports for management, and budget monitoring.
Statistical reports
Timely preparation of mandatory reports to the State Statistics Committee.
Accounting policy
Drafting an accounting policy that fits your business and updating it as the law changes.
This service is right for you if you are…
Whatever the size of your business, we shape the work around your needs.
- A small or medium company without an in-house accountant
- A company whose accountant is leaving or going on leave
- A newly registered LLC
- A company whose books are in disorder and need recovery
- A sole proprietor
- A branch of a foreign company in Azerbaijan
In-house chief accountant or outsourcing?
For a small or medium company, outsourcing is often cheaper and more reliable.
| In-house chief accountant | Meridian Tax Partners | |
|---|---|---|
| Cost | Salary, taxes and social contributions, workspace, computer and software | An agreed monthly fee |
| Continuity | Work stops during leave, illness or resignation | Service continues without interruption |
| Legal changes | Depends on one employee keeping up to date | Tracked and applied continuously |
| Liability | The company bears the cost of mistakes | Defined in the service contract |
| Quality control | No independent review | Reports are reviewed before filing |
In four steps
Consultation
We learn about your situation and needs.
Review
We review your documents and your tax account statement.
Proposal
A tailored proposal and contract based on the workload.
Delivery
We deliver on time and keep you regularly informed.
Frequently asked questions
Is outsourcing our accounting safe?
Yes. All information is kept confidential and used only under the service contract, which includes a separate confidentiality clause.
How is the fee set?
The fee depends on the number of monthly transactions, headcount, tax regime and any extra requirements. After a free consultation we prepare a tailored proposal for your company.
We already work with another accountant. How does the handover work?
We first review the current state of the books and your tax account statement and take over the balances. If we find errors, we propose a correction plan. No filing deadlines are missed during the handover.
How do I send documents?
Most documents come straight from the electronic systems. You can send the rest via WhatsApp or email, or bring them to our office.
Have a question? The first consultation is free.
Message us on WhatsApp and we'll reply within one business day.