The revenue and expense ledger
The revenue and expense ledger is a key tool in accounting for small and medium-sized companies. This is a document that contains information about the company’s revenues and costs. Keeping such a book allows you to closely monitor your finances and plan your budget. A simplified form of accounting in the form of a revenue and expense book may be chosen by natural persons, civil partnerships of natural persons, general partnerships of natural persons and professional partnerships in the first year of operation or if the revenues from the previous year were less than EUR 2 million. An alternative form of accounting by natural persons running a business is recording revenues as a lump sum. At ASK, we help you choose the most advantageous form of accounting and taxation depending on the type of business you run. Ask ASK for advice.
Under the accounting service agreement, we provide the following services:
Maintaining KPiR in accordance with the Regulation of the Minister of Finance of December 23, 2019 on keeping a tax book of income and expenses (Journal of Laws of December 31, 2019, item 2544).
Keeping records of income for taxpayers who have chosen a lump sum recorded as a form of taxation.
Calculation of personal income tax advances.
Maintaining records of fixed assets, intangible assets and equipment.
Preparation of the annual return PIT36 / PIT 36L / PIT28.
Maintaining VAT registers, preparing VAT returns, sending JPK-V7M/K files.
Preparing and sending DRA / RCA / ZUA declarations to ZUS.
Preparing documents regarding confirmation of contractors’ balances, assistance with inventory.
Accounting services for foreign transactions (export, import, EU CIS and ITC);
Storing and archiving accounting, HR and payroll documentation;
Rules for keeping a book of income and expenses
The revenue and expense book is one of the most frequently chosen forms of tax settlement among small and medium-sized enterprises. Settlement of the revenue and expense book involves recording all revenues generated by the company and its costs. The documentation records, among others: revenues, exchange rate differences, purchases of goods, costs related to research and development work and other expenses. Maintaining KPiR involves subtracting the costs of obtaining it from the revenue. In this way, the tax base is obtained. An important element of determining the tax base is calculating the change in the final and initial inventory. Although it seems very simple, lack of experience increases the risk of making a mistake. To avoid this, it is worth choosing the ASK-AUDIT accounting office offering professional accounting services. You can always ask us for advice.
What does cooperation with the ASK AUDIT accounting office include?
ASK AUDIT is a professional accounting office that addresses its offer to companies from all over Poland. At every stage of cooperation, we focus on full professionalism and understanding of customer needs. We conduct settlements based on applicable legal regulations. We advise our clients in selecting optimal solutions in terms of taxation, technological solutions facilitating document circulation, and the introduction of full warehouse management.
Are you looking for an accountant to keep the Tax Book of Income and Expenditures? The team of the ASK-AUDIT accounting office will take care of your needs and professionally manage your company’s accounting. Please contact us directly and ask ASK for advice.
