Accounts payable is an important aspect of a company’s accounts. All operations must be confirmed by operational and financial reports, as required by Russian legislation.
Financial reports are drawn up at the time of every transaction, which, in one way or another, affects the financial position of the company. As a rule, it is the supplier who is obliged to prepare all the necessary operational and financial reports.
In order to correctly prepare financial statements, all the necessary documentation must be requested from the supplier. Most often, you have to make a specific request from the supplier. Based on the reports received from the counterparty, the company accountant enters information into the financial statements, thereby ensuring their accuracy and reliability.
The VALEN team has extensive experience in accounting. We can provide a full range of services related to the preparation of financial statements and the collection of reports from suppliers.