Accounting Advisory and Accounting Outsourcing Services in Armenia

Growth of the economy depends on business, and the business depends on the accurate and insightful financial information. Tower provides full range of accounting services and accounting outsourcing in Armenia ensuring that your financial information has been recorded on daily basis and meaningful report have been submitted accurately and on time.

If you are a newly established business, Tower can help to set up accounting software in compliance with IFRS and to maintain its bookkeeping and financial reporting throughout the year (outsourcing service). Additionally, we are able to prepare regular management reports in compliance with head office requirements.

Accounting Advisory and Accounting Outsourcing Services in Armenia

Tower offers the following accounting services:

Accounting Services

Accounting services include:
» Setting up accounting systems
» Maintenance and recording (bookkeeping) of all accounting with “Armenian Software” accounting software;
» Keeping accounting records in sufficient detail such that the calculation of all relevant taxes payable can be made accurately and on time,
» Keeping records for Inventories and Fixed Assets;
» Assistance in preparation of Petty Cash reports;
» Preparation of yearend financial statements;
» Preparation of bank payment orders in the on-line banking system of the Client.
»Keeping accounting records in sufficient detail such that the calculation of all relevant taxes payable can be made accurately and on time,
» Analysis of specific structures and day-to-day transactions.

Payroll Services

Tower understand the key challenges HR and Finance managers meet in dealing with payroll in countries where you have small staff.

At Tower we ensure a centralized reporting to the headquarters by processing in time all the data and setting up the payroll systems in compliance with law and accepted rules by client.

Tower’s payroll service include:

» Payroll administration and set up,
» Calculation of monthly salaries according to the Armenian legislation;
» Preparation of pay slips of the employees;
» Statutory and customized reporting
» Keeping of timesheets