Business Accounting
Medium and Small Business Accounting Packages
Designed specifically for small and medium Cyprus companies.
If you want a complete package of accounting services that sets you up for success, then you are at the right place. That’s exactly what we offer. Our accounting packages are dedicated to small and medium companies operating not only in Cyprus but also abroad.
Tailor accounting packages to small and medium Cyprus business owners who:
- Own a small or medium size Cyprus company
- Have a keen eye in utilizing technology and cloud software
- Need control and overview of their accounting records
- Seek a trustworthy accounting partner and not another bookkeeper
- Want a single and pre-agreed fee for outsourcing their accounting function
Unique benefits
Accounting packages
| Packages | Base | Core | Premium | Custom | Note |
|---|---|---|---|---|---|
| Business size | Micro | Small | Small | Medium | |
| Onboarding services | |||||
| Client onboarding and System set-up | |||||
| Training to use our cloud accounting system | |||||
| Migration to our cloud accounting | |||||
| Ongoing services | |||||
| Bookkeeping | Up to 100 transactions per year | Up to 200 Transactions per year | Up to 500 Transactions per year | More than 500 Transactions per year | |
| Bookkeeping frequency | Quarterly | Quarterly | Quarterly | Quarterly | Add-on: monthly bookkeeping. |
| VAT | Add-on | Incudes completion and submission of VAT forms. | |||
| Tax | Semi-annual tax calculation and assistance for payment of temporary tax. | ||||
| Payroll | Add-on | 1 employee | 3 employees | Add-on: additional employees. | |
| Multiple currencies | Add-on | ||||
| Management accounts | Semi-annually | Semi-annually | Quarterly | Quarterly | |
| Read-only access for 1 user | Add on: for additional users. | ||||
| Full access for 1 user including invoicing/billing | Add-on | Add on: for additional users. | |||
| Document Storage | Online and/or hard copy files. | ||||
| Audit (Required) | Add-on | Add-on | Add-on | Add-on | Mandatory statutory requirement for all Cyprus companies. |
| Recommended annual revenue range | €0 – €30,000 | €30,000 – €150,000 | €150,000 – €400,000 | More than €400,000 | |
| Best for | Those that require basic accounting support (i.e. holding companies, and rental income companies). | Those that are ready to outsource their accounting department. This is where we start to shine! | Those that are expanding, want an invoicing/billing software and more comparable reports each month to evaluate their performance. | Those that have expanded and want a custom package tailored to their size to outsource their accounting function. | |
| Monthly fee starting from | €70- | €150- | €300- | Custom pricing |
Accounting packages
How Our Packages Work
At Evidentrust, our small business accounting packages are tailored to meet your unique needs. Here’s how the process works:
- Initial Consultation: We start with a detailed discussion about your business. This helps us understand your operations and specific accounting requirements.
- Customized Package Selection: Based on your needs, we recommend the best small business accounting package. Our goal is to align the package with your financial objectives.
- System Setup and Training: We set up your accounting system for smooth integration. Training is provided so you can easily manage and access your financial data.
- Ongoing Support and Reporting: Our team provides regular financial reports. This helps you make informed decisions with ease.
- Annual Review and Adjustment: Every year, we review your accounting needs. We adjust the package to grow with your business.
Our streamlined process ensures compliance and efficiency at every step.
Partner with Evidentrust for Accounting Excellence
Our small business accounting packages are designed to simplify your financial management and help your business thrive. With Evidentrust, you get more than just accounting services – you gain a trusted partner dedicated to your success.
Let us handle the numbers while you focus on growing your business. Get started today with a tailored package that fits your unique needs.
Frequently Asked Questions
How do I choose the right accounting package?
Our team can guide you based on your business size, transaction volume, and specific needs. Each package is clearly outlined for easy comparison. We’ll discuss your goals and recommend a package that aligns perfectly with your requirements.
Are small business accounting packages suitable for international businesses?
Yes, we provide accounting solutions for small businesses operating locally and internationally. Our expertise covers cross-border tax and financial compliance, ensuring that your international operations remain seamless and compliant with global standards.
How often will I receive financial reports?
The frequency depends on your package - semi-annually, quarterly, or monthly. Reports are detailed yet easy to understand, providing valuable insights. They help you track performance, identify trends, and make informed financial decisions.
Do your small business accounting packages include cloud software?
Yes, all packages come with access to our secure cloud accounting platform. It enables 24/7 visibility into your financial data and records. This system also allows easy collaboration between your team and our accountants.
What if I need additional services not included in the package?
We offer add-ons like payroll for additional employees, monthly bookkeeping, VAT/VIES submission, multi-currency and tax advisory. You can tailor the package to your exact needs. This approach ensures that your accounting services scale with your business requirements.
Can I switch between small business accounting packages later?
Absolutely! As your business grows or needs change, you can upgrade or customize your package for more comprehensive support. This flexibility ensures you always have the right accounting services as your business evolves.
How are payroll services structured in your packages?
Payroll services cover salary calculations, deductions, and tax compliance. Packages vary by employee count, with add-ons for more staff. This ensures your payroll runs smoothly, accurately, and in full compliance with local regulations.
Are your small business accounting packages customizable?
Yes, our packages are flexible to suit your business size and requirements. From basic bookkeeping to comprehensive financial oversight, you can choose what fits best. We collaborate closely with you to ensure the selected services meet your unique operational demands.
Do I need accounting knowledge to use your services?
No prior accounting knowledge is needed. We handle the technicalities and offer training to help you understand the system if required. Our goal is to make accounting stress-free, so you can focus on growing your business.
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