What primary accounting is
Primary accounting is the foundation of all records: collecting, checking and recording source documents — issued and received invoices, receipts, bank statements, payment orders. If these documents are not properly and promptly organised, all later reports will be wrong.
What we do for you
- Collecting source documents (physical or electronic);
- Checking each document for compliance;
- Chronological recording of operations;
- Recording receipts and payments;
- Cash and bank books;
- Flagging missing or non-compliant documents.
Why it matters that it is done correctly
A wrongly recorded or missing source document means miscalculated VAT, non-deductible expenses accepted by mistake and audit risk. We keep primary records rigorously, as the basis for financial accounting and tax returns.
Frequently asked questions
Issued and received invoices, receipts, bank statements, payment and collection orders, payrolls — any document justifying an economic operation.
Physically by courier or electronically scanned/photographed. We agree together on the most convenient flow.
We flag any missing or non-compliant document immediately, to correct it before returns are prepared and before any audit.