Magrat Baltic OÜ

Magrat Baltic OÜ was hired by a company involved in non-specialised wholesale trade to manage their daily bookkeeping and regular financial reporting needs. The company sought to maintain accurate records and ensure timely and accurate transfer of financial data to their local Lithuanian accounting/tax provider for monthly statutory reporting and declarations. They selected Magrat Baltic OÜ to meet these goals due to the high ratings, company culture fit, good cost value, aligned company values, and excellent communication demonstrated by the firm.

The scope of work assigned to Magrat Baltic OÜ was extensive and included maintaining regular bookkeeping, accounting, and reconciliation of accounts. They also prepared regular financial and management reports for the owner and ensured a timely, accurate transfer of financial data to the local Lithuanian accountancy/tax provider each month. This facilitated the correct and on-time filing of statutory declarations while maintaining compliance with local Lithuanian regulations.

The feedback on the project was overwhelmingly positive. The 2-5 employees from Magrat Baltic OÜ assigned to the project provided quick and clear answers to questions and demonstrated exceptional adherence to company values. The company benefited significantly from the high-quality and affordable service delivered by the accounting firm. With accurate bookkeeping, detailed financial reporting, and timely transfer of data to local providers, the company was able to maintain compliance with Lithuanian tax and accounting regulations smoothly.