At Profin, we offer accounting services in accordance with international standards and the tax legislation of the Republic of Armenia. For bookkeeping, we utilize both Armenian (Armsoft, Mekum) and international (Zoho Books, Xero) software.
The application of international standards is important from the point of view of financial accounting, as it ensures comparability of reports and can give a complete picture of the state of the company. International standards allow for already standardized financial reports in the case of receiving investments or receiving loans. Financial accounting in Armenia is carried out according to IFRS (International Financial Reporting Standards).
According to IFRS standards, when carrying out the accounting, we prepare a Balance sheet, which allows you to see what assets the company has and where these assets were proposed or acquired. The next financial statement is the profit/loss statement (P&L), which enables you to understand the results of operations for a reporting period. Accountant or Accounting company in Armenia has also to prepare the cash flow report, which allows to understand the movement of company funds. The next financial reports, that accounting company has to prepare is statements of owner equity.
Accounting according to international standards means studying, analyzing and drawing up accounting policies. If IFRS presents the principles of making judgments, then the accounting policy represents the totality of judgments of an accountant or an accounting services company. Regarding this, notes are made in the financial statements (footnotes) by accounting company in RA.
The key point in accounting is choosing the accounting software. Profin Offers to work with Armsoft Accounting 7. It helps to prepare financial reports in accordance with IFRS and tax reports, such as income tax reports, VAT reports and profit tax reports. Profin also offers to work with Zoho Book or Xero, which provide a lot of types of analyzes and reports.
If you are looking for outsource accounting in Armenia, the best choice can be Profin Consulting.
Additional Information
Financial Statement Preparation
Budgeting and Forecasting
Audit Support and Preparation
Financial Risk Management
Financial Analysis and Reporting
Corporate Finance Advisory
Outsourced CFO Services
Startup Financial Advisory
Trademark registration
Tax Preparation and Filing
Payroll Processing
Accounts Payable and Receivable Management
Tax Planning and Strategy
VAT Compliance and Reporting
Cash Flow Management
I had an excellent experience working with Profin.Their team is highly professional, knowledgeable, and truly committed to providing top-notch financial solutions. They took the time to understand my specific needs and offered tailored advice that made a significant difference in managing my finances.
Հաշվապահական խնդիրները լուծվում են արագ և արդյունավետ։ Մատուցում են պրոֆեսիոնալ խորհրդատվություն և ապահովում են բարձր մակարդակի վստահություն։
Կազմակերպությունը տրամադրում է ճշգրիտ հաշվապահական հաշվառման ծառայություններ, պահպանելով օրինականության և թափանցիկության բարձր մակարդակը։ Գերազանց ընտրություն երկարաժամկետ համագործակցության համար։
Բանիմաց և պարտաճանաչ թիմ։
Բարձր մասնագիտական մակարդակ, պոզիտիվ աշխատակիցներ։
Պարտաճանաչ և բանիմաց թիմ
They leverage expertise and technology to ensure accuracy, save time, and provide businesses with clear, actionable insights, making financial management stress-free.
Մասնագիտական, հուսալի և կազմակերպված թիմ, ովքեր կարևորում են որակն ու ճշգրտությունը։
Նորարար, ճկուն, հաճախորդամետ
Առաջադեմ մոտեցումների շնորհիվ ապահովում են ծառայությունների արագ և որակյալ մատուցում։ Հնարավորություն են տալիս նաև տեսնել իմ ընկերության թասկերը