HR and TRZ: payroll and personnel records in Bulgaria
What an accounting firm ("счетоводна къща") does in the area of HR and payroll, and when this is more advantageous than keeping your own accounting department.
The abbreviation "TRZ" means "labour and wages" in Bulgaria. The work of calculating salaries, dealing with employees and drawing up documents can be entrusted to specialists. This saves money and gives you confidence that all documents will be drawn up correctly, in accordance with Bulgarian law.
Accounting services
Starting a business in Bulgaria is simple. And you do not have to maintain your own accounting department — a far more convenient option for small and medium-sized companies is subscription accounting services. If a company employs several people, such services may include HR and TRZ. The service can also be used separately if, for example, you have your own accountant but they are too busy to take on this area of work as well.
Why is it better to use the services of an accounting firm?
An in-house accounting department is not a cheap pleasure. You have to pay salaries to staff, but also buy expensive software and pay for numerous seminars and other events related to accountants' professional development. In addition, it is important to remember that mistakes made by the accounting department will ultimately be paid for by the head of the business. By approaching an accounting company (in Bulgarian such an organisation is called a "счетоводна къща") to conclude a subscription service contract, you get all the advantages of your own accounting department without its drawbacks. This approach not only helps you save money but also completely relieves you of the headache of your company's accounting. The specialists working at Bulgarian Expert have the necessary qualifications and experience of working in Bulgarian conditions, as well as the right of signature in Bulgaria.
The service includes:
- payroll calculation
- preparation of payroll sheets
- preparation of payment orders for the payment of salaries and other remuneration to employees
- drafting of job descriptions and other documents
- handling of sick leave certificates
- filing of declarations
- processing
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