Subscription accounting services for a company in Bulgaria

When opening a company in Bulgaria, not all entrepreneurs are ready to take an accountant onto the staff straight away. Nor is there any need to — subscription accounting services will be the best option.

Key features

Subscription accounting services mean the regular provision of the relevant services to a company. The list of these services is determined individually and may vary. Usually the accountant handles bookkeeping and the preparation of reports, but some additional work may also be performed.

In most cases, subscription services are a more advantageous option than keeping an accountant on staff. This is the best solution for small and medium-sized businesses, sole traders, freelancers and start-up entrepreneurs. By signing a subscription service contract, a company avoids the costs of maintaining an accounting department, including the purchase of expensive software. At the same time, all the concerns of bookkeeping and the responsibility for miscalculations are shifted onto the shoulders of specialists, which allows the entrepreneur to focus on their core activity.

How do you choose an accounting company?

Of course, the main thing is the accountant's professionalism. You need a specialist who knows their job perfectly, keeps a close eye on all changes in their field and is able to take the best decisions. Only then can you feel at ease about your finances. You need to be aware that Bulgarian legislation differs from the legislation of other countries.

For this reason, when choosing a specialist it is worth giving preference to people who have sufficient experience of working specifically in Bulgaria. Such an accountant knows all the fine points of the legislation, and this can help you save considerable sums. To do the work, the specialist must also have the right of signature in Bulgaria. Another important point is the ability to communicate. If you have recently arrived in Bulgaria and still do not know Bulgarian well, it is better to choose a specialist who speaks your language. Mutual understanding with your accountant is very important; there is no doing without it. The specialists of Bulgarian Expert are always ready to advise you on accounting matters — on a one-off or ongoing basis.

Cost of services

The cost of services depends on various factors, for example:

• the number of employees
• the volume of documents
• whether there is a cash register
• the legal form
• the type of company registration