Accounting and Bookkeeping Services

Our aim and priority at Parparinos Milonas Corporate and Legal Consultants is to provide to our clients services, the highest level of quality, whilst maintaining our professional and business ethics so as to enhance and add value to our services.

Providing more than just numbers, our accounting department makes sure with the use of state of the art computerized accounting software for recording and preparing accounting records and financial statements that we can provide our clients with a complete package of Accounting & Bookkeeping services, thereby assisting your company to run smoothly, efficiently and effectively.

An overview of our services is listed below:

Maintenance of related records in any major currency…

…including the keeping of accounting records in accordance with International Accounting Standards in the applicable functional currency.

Advice on accounting issues

We assist our clients by advising them and helping them develop an understanding in the case where the appropriate accounting treatment of a specific transaction is not clearly recognizable.

Issuance of sales invoices

Including the issuance and distributing of commercial or sales invoices as per our clients’ instructions, as well as submitting such invoices in the accounting records of the business

Assistance in the preparation of financial statements…

…based on (IFRS) International Financial Reporting Standards or other Accounting Principles – Including the preparation of yearly financial statements in full compliance with IFRS, as well as assistance in the preparation of financial statements based on other reporting standards where necessary.

Payroll Services

We deliver fully managed payroll services encompassing processing, compliance, payroll and HR administration in Cyprus and abroad. The service level depends on our client’s circumstances and needs – and is tailored to each client so that the solution meets their requirements.

Assistance with the preparation of tax and VAT returns

We undertake the responsibility to represent our clients’ companies in respect of any tax issue, including but not limited to notices of assessment of tax and objections raised by Inland Revenue. We are here to provide you with high level Cypriot and EU VAT/VIES advice and ensure that our clients’ companies are in full compliance with EU and Cypriot VAT laws.

Preparation of reports and periodic management accounts

We are able to prepare specific tailored made reports as well as periodic summary accounts such as balance sheets, income statements, with related notes

Preparation of bank reconciliations

We are able to assist in preparing bank reconciliations and bank movement reports and analysis for specific periods