Accounting services terms for apartment cooperatives

Accounting services terms include:

Apartment cooperative:

Provides accountant by e-mail, using apartment cooperative E-services system or a paper copy all neccesary primary documents.


  • Enters the testimony of apartment owners, expenses and income data

Accounts and ledger keeper sales, purchases
Spendings accounting (flats, checks of accountable persons, card payments, etc.)
Cash transactions accounting (e.g., cash orders, making cash book).

  • Based on the provided apartment cooperative primary documents makes accounting entries

Accounting of fixed assets and depreciation calculation.
Administration of current credit agreements and percentages
Financial accounting
Monthly balance and income reports

  • Makes salary and tax calculations

Salary reports
Entering and removal from Health insurance fund register.
Vacation accounting and payments.
Business trip reports
Business trip hours calculations

  • Distributes apartment cooperative spendings between apartments according to the cooperative requirements.

Accounting of revenue and expenditure by the objects

  • Prints invoices and sends them by mail (if e-mail is not available)
  • Send invoices by email to the members of the apartment cooperative (those who have e-mails)
  • Sends information to the banks for accounts being paid by direct payment orders
  • Preparation of payment orders in the Internet Bank.

Prepares and delivers reports to the tax Board.
Makes all VAT calculations and takes care of KMD reports.
Preparation of tax report, TSD reports and TSD-addition.
Checks the tax balance.

  • Once a year prepares and delivers reports to the Business register
  • Prepares an internal rules of accounting.
  • Introduses the customer during communicating with the tax Board, Auditor , bankruptcy manager and any other third parties.
  • Advisesappartment cooperative and provides accounting information.
  • Monthly accounting services

Price for the services is agreed for an indefinite period of time . During this period agreed document and hous volumes will not be recalculated. Accountant controls services once a year for the changes in volumes and makes a new offer price based on that .

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