Services

Everything a Finnish company has to get right, and nothing it does not need.

Five service lines, all inside our registered field of activity (69201 — accounting and bookkeeping activities; tax consultancy). Each one is scoped and priced in writing before we start.

Bookkeeping & Financial Reporting

Continuous double-entry bookkeeping and statutory financial statements prepared under the Finnish Accounting Act.

We keep the day-to-day ledgers, reconcile bank and sales accounts, and produce the periodic reports your board and your bank actually read. Year-end work follows the Kirjanpitolaki (1336/1997) and the Accounting Ordinance: financial statements, notes, the general ledger and the list of vouchers, all archived to the statutory retention periods.

Included in scope

Purchase and sales ledger, bank reconciliation, fixed-asset register
Monthly and quarterly management reports with commentary
Statutory financial statements (tilinpäätös), notes and specifications
Consolidation for Finnish parent companies and their subsidiaries
Preparation and filing of the financial statements with the Trade Register
Handover packs for an incoming or outgoing accounting provider

Corporate Tax Advisory & Compliance

Finnish corporate tax, VAT and reporting obligations — filed on time, documented so they hold up on review.

We prepare and file the returns a Finnish company owes over its accounting period, and advise on the treatment of transactions before they are booked rather than after. Advice is given on the law as it stands and is documented with the provision it rests on, so that your position is defensible if the Tax Administration asks.

Included in scope

Corporate income tax return (veroilmoitus) and tax-base reconciliation
VAT returns, EU recapitulative statements and VAT registration matters
Deductibility, depreciation and provision reviews before year-end
Cross-border VAT treatment for services invoiced within the EU
Responses to Tax Administration enquiries and correction requests
Advance-ruling applications where a transaction warrants certainty

We are an independent accounting firm. We are not the Finnish Tax Administration (Verohallinto) and we do not act on its behalf.

Payroll Administration & HR Support

Payroll runs, Incomes Register reporting and the employer paperwork that follows each one.

We calculate salaries against the applicable collective agreement, run the payment file, and report each payment to the Incomes Register within the statutory deadline. Employer contributions, holiday-pay liabilities and year-end employer reporting are handled in the same cycle, so the payroll figures and the ledger never drift apart.

Included in scope

Monthly payroll calculation and payslips
Incomes Register (tulorekisteri) earnings and employer reports
Employer contributions: TyEL, health insurance, unemployment, accident cover
Holiday pay accrual, holiday bonus and absence tracking
Employment contract and termination paperwork, prepared with your counsel
Payroll data for pension and insurance annual reconciliations

Payroll is administered on your instructions as employer. Employment-law representation is handled by your own legal counsel.

Business Management & Strategic Advisory

Budgeting, cash-flow planning and the financial groundwork behind a decision you have to make.

Because we already hold the ledger, we can model a decision on your own numbers instead of an industry average: a budget for the coming year, a rolling cash-flow forecast, a costing review before a price change, or the financial section of a business plan. We describe what the figures show and what they do not — no forecast presented as a promise.

Included in scope

Annual budget and rolling 12-month cash-flow forecast
Costing and margin analysis by product, project or client
Financial section of business plans and financing applications
Board-level reporting packs and KPI definitions
Company formation, restructuring and change-of-form bookkeeping
Due-diligence support on the accounting records in a sale or purchase

Advisory work is financial and accounting analysis. We do not provide investment advice, and we neither arrange nor broker financing.

Audit Preparation Support

Getting the records ready for the auditor your company appoints.

Where your company is required to appoint an auditor, or chooses to, we prepare the material the audit needs: reconciled ledgers, supporting vouchers, specifications to the balance sheet and answers to the auditor’s requests. The audit itself is carried out by the auditor your shareholders appoint.

Included in scope

Balance-sheet specifications and reconciliation packs
Voucher retrieval and audit-trail documentation
Responses to auditor enquiries during fieldwork
Remediation of findings in the following accounting period

The statutory audit (tilintarkastus) is performed by an auditor entered in the auditor register maintained by the Finnish Patent and Registration Office and appointed by your shareholders. Abacus Accounting Oy is not an audit firm and does not perform statutory audits.

How we charge

A fee you agree to before the work starts

We quote on the volume of work: number of purchase and sales transactions, bank accounts, payroll headcount, VAT frequency, and the reporting you want on top of the statutory minimum. The quote is written, it names what is included, and it names what would be billed separately.

We do not price accounting or tax work as a share of any tax result. A fee that rises with a tax saving would give us an interest in the position we advise you to take, which is precisely the interest an accountant should not have.

Ad-hoc work outside the agreed scope — a Tax Administration enquiry, a financing application, a due-diligence request — is quoted separately before it begins.

Work we decline

Being explicit about this saves everyone a meeting.

Arrangements whose main purpose is to conceal income, ownership or the true nature of a transaction
Any request to record a transaction that did not happen, or to date one differently from when it did
Statutory audit work, which by law belongs to an auditor registered with the Finnish Patent and Registration Office
Lending, arranging credit, payment services, investment advice and insurance mediation — all outside our field and outside our authorisations
Engagements we cannot resource properly within the deadline the client needs

We are also subject to the Act on Preventing Money Laundering and Terrorist Financing (444/2017): we identify our clients and their beneficial owners, and we keep those records.

Not sure which of these you actually need?

Describe the company and the accounting period you are in. We will tell you what is required by law, what is optional, and what we would charge for each.

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