Every business transaction of a company is confirmed by its operational and financial reports. This is required by Russian law, and all aspects of economic activity must be reflected in the documentation. This means that transactions, procedures and any events affecting the financial position of the company should be documented in accordance with current regulations.
The accounting department is responsible for the preparation of operational and financial reports. They must be correctly filled out in order to avoid problems with the tax authorities and at the same time to objectively assess the state of affairs of the company.
This is why companies are increasingly turning to professional accounting firms which can guarantee that all operational and financial reports are completed and filed in compliance with the law.
The VALEN team has extensive experience in accounting and provides a full range of services related to the preparation of operational and financial reports and provision of expert advice to business owners.