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Accounting in Georgia

ACCOUNTING IN GEORGIA

Accounting in Georgia is a mandatory requirement of the tax laws of this country. The regular filing of tax returns and the payment of assessed tax are also mandatory.

Accounting in Georgia is not much different from similar activities in other European countries in terms of accounting theory. Accounting has its chart of accounts, and tax returns are submitted in Georgian online through the taxpayer’s office.

ELECTRONIC ACCOUNTING

A key element of accounting is the software used. At the moment in Georgia there are only a few rather old-fashioned offline accounting solutions. Most freelance accountants use simple Excel spreadsheets.

Jara Accounting offers its customers electronic accounting with the help of a modern cloud solution specially developed for our company.

The key characteristics of our accounting are:

  • online access to accounting data and the possibility of control by the client
  • accounting and financial reporting directly on the phone online
  • data loss protection provided by modern cloud technologies
  • ease of connecting new accountants to accounting, effortless scaling

SUBMISSION OF TAX DECLARATIONS

Tax returns in Georgia are filed in Georgian online through the taxpayer’s office. Depending on the nature of the activity and the reporting period, the list of declarations may include:

  • personal income tax return
  • VAT return
  • income tax return
  • dividend tax return
  • property tax return
  • other

Jara Accounting assumes all obligations for the preparation and timely submission of all necessary tax returns, as well as gives a financial guarantee of the correctness of the data and deadlines.

ACCOUNTING PROCEDURE FOR ACCOUNTING

To provide accounting services, we need:

  • statement of the movement of funds in the company’s bank accounts or access to view the company’s Internet bank
  • access to the personal account of the taxpayer
  • primary documentation (contracts, acts, invoices) in electronic or printed form

Information must be provided by the client no later than the 5th day of the month following the reporting one.

Until the 15th day of each month, Jara Accounting accountants post all the movements of the reporting month and submit all the necessary declarations to the tax, as well as provide a report on the work performed and the results of accounting.

COST OF ACCOUNTING IN GEORGIA

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ARTICLES ABOUT ACCOUNTING IN GEORGIA