Business finance is one of the most important parts of every company. All Slovenian companies must keep accounting records and once a year make a balance sheet. This is dictated by the Law on Slovenian companies and in accordance with the Slovenian Accounting Standards and International Financial Reporting Standards.
Accounting service in Slovenia – business finance management
Accounting service is an important part of business finance. It includes bookkeeping and accounting.
Bookkeeping is the recording of transactions in the books. Accounting as a broader concept covers budgeting, accounting, and business planning. Accounting for small businesses differs from accounting for large companies since the volume and complexity varies.
It is especially relevant to organize the accounting services in Slovenia within the company, but nevertheless, smaller businesses tend to prefer “outsourcing”, which is an external partner – accounting services.
The reason is related to the costs, as the salaries of accountants range from 1.000 EUR on the net. It is also hard to find efficient and experienced staff in finance and accounting services. It is also hard to employ an accountant in a small company.
The advantages of accounting service in Slovenia are, of course, professionalism and affordability (compared with regular employment).
In the major accounting service in Slovenia, it is easier to combine comprehensive support for companies in their business (from booking to consulting, expert reports etc).
Business finance: double-entry bookkeeping
Double-entry bookkeeping is the most transparent way of recording. Under the system of double-entry bookkeeping keep their books all corporations, institutions, associations (with exceptions) and large entrepreneurs.
Double-entry bookkeeping is done on the basis of the chart of accounts to the general ledger, prepared by the Slovenian Institute of Auditors.
According to the Slovenian Accounting Standards, it is mandatory to conduct two major books for business finance – general ledger and journal.
In addition to the basic books, your accountant will also keep the analytical records that explain the basic general ledger accounts (account of material, products, customers, suppliers etc.) and other auxiliary books (a fixed assets register imprest system book etc.).
Business finance: bank account
If you are not an EU citizen and you do not live in Slovenia, you can open an LTD in Slovenia. To open it a minimum starting capital in the amount of 7,500 euros is required. Due to this fact and also to manage your business finance, you will need to open a bank account in Slovenia. You should open the bank account in Slovenia before the registration process of LTD. We can help you to choose the suitable bank in Slovenia.
Contact us, if you have more questions about business finance!
If you want to get more information about business finance and accounting services, do not hesitate to contact us. E-mail [email protected], phone +386 1 6006 270 or +386 40 530 718 (Viber, WhatsApp). You can aslo follow us on Facebook.
Besides managing business finance, we can also offer you legal and business migration counsultation.