Frequently Asked Questions
SLA Attorneys provide accounting services to individuals, entrepreneurs, private limited companies, joint-stock companies, and organizations with some other form of ownership. Qualified specialists will help you perform all the necessary procedures.
What makes you better than other accountants?
We will take into account your wishes and your company’s peculiarities in order to select an individual approach both to entrepreneurs and big organizations Fair price – we do not offer low prices since the work of professional accountants is valued highly. However, we can guarantee flexible and justified costs.
Why do companies need accounting?
Accounting services for companies are not just a way of complying with legal requirements but also an instrument that helps manage a company effectively. By providing optimal decisions in the sphere of accounting and taxes, we help our clients grow, accompanying them at each step of their company’s development.
Why clients trust us?
We approach our duties professionally. We realize how difficult it is to find yourself in an unknown environment and start a business there. That is why, we make every effort to facilitate this process for you. Professional accounting for foreigners is a task that can be easily dealt with by our experienced finance experts, who regularly update their knowledge to stay aware of new developments in the sphere.
What to do if a financial institution violates your rights?
Before anything else, contact the financial institution directly. You can call their “hotline,” but sending a written complaint to their management is better. Sometimes, consumers manage to resolve the situation quickly or have their questions answered at this level.
If the issue cannot be resolved, the consumer can contact the NBU. The best way to do it is:
- by filling out the online form on the NBU’s website
- by writing to nbu@bank.gov.ua:
- by calling the NBU Contact Center at 0 800 505 240
- by chatting with nbu_contact_bot in Viber or Telegram.
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The bank refuses to issue a loan. Is it legal?
Ukrainian banks adhere to the basic principles of lending. In particular, they check whether the borrower can repay the funds together with interest on the loan. The bank is, therefore, within its rights to refuse a loan based on a risk assessment.
I transferred the funds, but the bank blocked them. Is it legal?
A bank is within its right to stop a transaction if it is suspicious. The bank is also obliged to stop a transaction if the bank suspects that the transaction has the attributes of a criminal offense. A specially authorized body can decide to halt all debit transactions for up to seven business days.
Either I or the teller at the bank sent money using the wrong details. What to do?
Send a written request to the bank and indicate all the details. Wait for the bank to review the totality of the circumstances. If the bank does not return the funds, contact the NBU. In some cases, it will be necessary to go to court to return funds that were sent using incorrect details due to the bank’s fault.
Do you offer the services of professional translators/interpreters?
We can assist you in your communication with counteragents (we offer the services of professional translators/interpreters), so you do not need to worry about the language barrier, which can lead to misunderstandings.
What to do if the bank does not abide by the court’s decision.
The State Enforcement Service performs forced execution of court decisions in Ukraine. Supervision over execution of court decisions by banks of Ukraine goes beyond the powers of the National Bank of Ukraine. The National Bank of Ukraine has no legal grounds to instruct the bank on how to execute a court decision.
What is the way to receive a SWIFT transfer to my account?
This relates to an account-to-account transfer in foreign currency.
Thus, the parties are bank customers that have been identified. The bank already has information on these customers, has studied and understands their usual transactions.
If the bank has suspicions regarding the transfer and has some questions, the purpose of the transaction will need to be explained to the bank.
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What services can you provide in accounting?
We offer a range of services that you would expect from a mid-sized professional firm, including accounting, tax, auditing, and related services. However, by pooling our resources and expertise from many fields, we solve complex business problems that much larger firms can handle. This approach ensures that you will get the comprehensive support you need to address the specific challenges of your business.
Resources
Resources & Articles For Managing Your Вusiness Finances
Outsource Accounting service
Maintaining and managing internal accounting can be costly and administratively burdensome for small and medium sized enterprises.
Our Outsource Accounting service allows companies to transfer their financial, accounting and administrative tasks to a flexible, tightly managed service that disburdens the management, making it more focused on business development.
Even large companies can benefit from outsourcing accounting as it is more cost-effective and easily managed to have accurate accounts and ensure compliance than maintaining in-house accounting.
The most tangible benefits of using outsourced accounting for business are:
- Cost reduction and lowering the administrative burden associated with maintaining and managing internal accounting
- Mitigation of the risk of penalties and other losses caused by errors in reports, since their accuracy and compliance with the latest tax and legal requirements is ensured by experienced and dedicated professionals
- Increase business productivity as management becomes more focused on business development and growth
- Instant access to sophisticated and up-to-date financial analytics and customized advice on various aspects of the business
Our Outsource Accounting services include:
- Monthly/weekly processing of the company’s transactions
- Quarterly / monthly end closing accounts
- Accrual accounting & maintaining schedules
- Basic statutory financial statements
- Custom financial reporting package
- Reporting on budget-to-actual performance
- Financial review and analysis
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Financial and Management Reporting
Accurate financial statements and management reports are necessary for assessing the company’s health as well as identifying threats and opportunities for business development in a timely manner.
Errors and misstatements in the reports can lead to incorrect management decisions, which will lead to significant losses for the company. Therefore, properly compiled and thoroughly audited reports are vital for every company.
We ensure 100% accuracy of the reports we compile, which is a solid basis for making sound management decisions.
Our reporting services include:
- Compilation of financial statements according to IFRS
- Compilation of management reports
- Transformation of local GAAP statements to IFRS
- Compilation of statutory financial statements
- Development and implementation of monthly/quarterly reporting systems
- Preparation of consolidated financial statements
- Interim financial statements
Contact Us
SLA Consulting is an accountant in Ukraine you can rely on.