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Accounti̇ng of constructi̇on compani̇es

By transferring part of accounting responsibilities the owner can solve a number of tasks simultaneously. He will receive fair skillful professionals who will quickly understand the specifics of accounting and activities of the firm.

Such services are popular in specific fields. For example, outsourced accounting of construction companies in Moscow as well as in cites that are actively developing, enjoys a stable demand.

This field is extremely difficult in terms of legal aspects as well as accounting, and shall cover all possible client's interests. It is regulated by a number of monitoring organizations. Thats why the price of incorrectness in accounting by insufficiently qualified personnel for business owners may be very high.

What is the difference among accounting in this field and in other fields and why the RosCo's outsource specialists can perform such tasks more effectively than regular employees?

First, because of composition of quality and economy. In many firms which performs outsourced accounting of construction companies, the cost of monthly service contract amounts proximately to the salary of one regular employee.

When the volume of work increases (this is one of the features of construction industry) there is no need to hire additional workers, RosСo's specialists will easily scale it.

Furthermore, the mistakes made by one incapable staff worker can lead to penalties and interruption of construction works, that is critical for business.

Aspects of construction industry with regard to accounting

There are three types of companies in construction — Customer company, subcontractors and investors. Especially, outsourcing is useful for the second group.

Necessity to form accounting policy and rely on guidelines and other regulations makes accounting very difficult.

The price for clients, who wants to outsource accounting of construction companies, is based on performance of following services:

  • Assistance for developers in the creation of separate subdivisions - this can be other cities, regions, but it is necessary to register each unit in the IFTS;
  • Accurate, correct and flawless execution of initial documents, including КС-2 and КС-3 forms.
  • Regular inventory of construction companies' property, including measurements, calculations and other;
  • Special accounting procedures for fixed assets, costs and expenditures of each facility, as well as reflection in the unfinished construction registers.
How a foreign enterprise can open up an account in a Russian bank?
How a foreign enterprise can open up an account in a Russian bank?
In what order can foreign legal entities - non-residents open bank accounts (bank deposits) in foreign currency and the currency of the Russian Federation? The answer is in our new video. What should a foreign legal entity do to open a current account with a bank? How to register for a foreign company with the tax authority? All the most interesting about tax, law and accounting from the leading Russian consulting company "RosCo". Keep in touch with the latest news, watch and read us where you want: YouTube - https://www.youtube.com/c/RosCoConsultingaudit/ Facebook - https://www.facebook.com/roscoaudit/ Yandex.zen - https://zen.yandex.ru/roscoaudit Instagram - https://www.instagram.com/rosco_consulting/ VK - https://vk.com/roscoaudit Website - https://rosco.su/
What is an Apostille?
Apostille is a seal certifying the authenticity of a document, as well as confirming the fact that it was received under the laws of the country that issued it. This seal is necessary for those traveling abroad, as a confirmation of the validity of their documents. Moreover, it is recognized only among one hundred thirty five signatory countries, including Russia. An important nuance: the document can be apostilled only in the country that issued its original. 1. Where it is not required. 2. What documents needs the apostle certify:.. 3. Types of apostille. 4. What an apostille should contain:... 5. In the Russian Federation, documents are apostilled in such state structures as:... 6. When legalizing, it is necessary to take into account the requirements of a foreign state for a translation, namely, what kind of translation may be required:.. RosCo – entrust your business to professionals! Будь в курсе последних новостей, смотри и читай нас там, где тебе удобно: Канал на YouTube - https://www.youtube.com/c/RosCoConsultingaudit/ Facebook - https://www.facebook.com/roscoaudit/ ЯндексДзен - https://zen.yandex.ru/roscoaudit Instagram - https://www.instagram.com/rosco_consulting/ https://rosco.su/
Registration of LLC with foreign capital
According to Western experts, Russia is becoming an increasingly attractive country for investment and business. Moreover, Russian legislation does not prohibit tax non-residents from registering their companies here. Plus, both types of entities, as individuals and legal persons. An important nuance: regardless of who is the founder (Russian or foreigner), the activities of any limited liability company (LLC) are carried out strictly on the territory of the Russian Federation and following its laws. That is, the company will be considered Russian. 1. Why do you need registration and when you do not need it? 2. What options for the existence of a foreign company are possible on the territory of the Russian Federation? 3. Subsidiary company (Limited Liability Company, Joint - Stock Company) 4. Representative office 5. Branch office Будь в курсе последних новостей, смотри и читай нас там, где тебе удобно: Канал на YouTube - https://www.youtube.com/c/RosCoConsultingaudit/ Facebook - https://www.facebook.com/roscoaudit/ ЯндексДзен - https://zen.yandex.ru/roscoaudit Instagram - https://www.instagram.com/rosco_consulting/ https://rosco.su/
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