info@algorial.com.cy
(+357) 22257410

Accounting & Payroll Services

In a timely and accurate manner

Accounting & Payroll Services

The ongoing health of a business is directly linked to the maintenance of its accounting records in a timely and accurate manner. Up-to-date bookkeeping process provides decision makers with accurate real-time financial data on their business.

The day-to-day bookkeeping process takes a lot of valuable time. Our department offers services tailored to your business needs, that can assist you in maintaining accurate real -time financial information and at the same time concentrate on your core activities.

Accounting services
  • Maintenance of Computerized Accounting Records
  • Posting of transactions
  • Preparation of bank, debtors and creditors reconciliations
  • Preparation of budgets and reports monitoring actual performance against budget
  • Development and preparation of monthly, quarterly and yearly management accounts and other management reports

Payroll Services
  • Processing and preparation of payroll reports
  • Preparation of monthly pay slips for each employee
  • Preparation of the bank transfer report for the payment of salaries through the bank
  • Detailed payroll cost analysis
  • Registration as an employer to all the relevant government authorities
  • Timely preparation of Employer’s return (IR7 form), employee’s certificate of emoluments (IR63 form)
  • Preparation of the payments to the Social Insurance, Inland Revenue and any other local authorities
  • Compliance with statutory filing deadlines