BPO Kazakhstan specialists provide a full range of necessary accounting and tax accounting operations with minimal involvement of the customer's staff.

Accounting services can be provided either at the customer's premises or remotely by specialists from BPO Kazakhstan's Operations Centre.

BPO Kazakhstan's expertise allows us to provide accounting services in Kazakhstan to companies of various organizational and legal forms (LLP, branches, representative offices, etc.), taking into account the specifics of the type of activity and industry affiliation.

• accounting for primary documentation;
• accounting for expenses with accountable persons;
• cash flow in the ""Bank-Client"" system;
• accounting of tenge payments, accounting of currency payments;
• payroll accounting;
• reconciliation of General Ledger accounts.

• calculation of exchange rate and amount differences and analysis of settlements with debtors/creditors (selection of documents and counterparty reconciliations);
• general ledger account reconciliations and month-end transactions;
• register of tax invoices.

• maintenance of accounting and taxation registers;
• preparation and analysis of data on VAT, property tax, income tax, preparation of tax returns;
• preparation of the balance sheet, income statement and other quarterly and annual reports
  Generation of corporate reports for the client, including international financial accounting standards.

In the course of a company's activities, situations may arise where certain areas of accounting and tax accounting are neglected. Breaches in reporting deadlines or errors in record keeping can lead to significant financial losses in the form of various penalties and fines as a result of audits by tax authorities. Besides, absence of authentic accounting data may significantly complicate operative work of finance department of a company on current issues. Conducting an audit and restoration of accounting and tax records can reduce financial losses and significantly simplify the work of a company's financial services.

Hiring a professional provider will significantly reduce the time required to bring the state of accounting into compliance with current legislation.

• Loss of primary documents
• Identification of violations of accounting and tax accounting procedures as well as errors in accounting data
• Identification of errors in submitted tax reports
• Absence of drawn up and filed statements for previous periods

• Determining the extent of missing accounting data.
• Determining the scope of work to restore accounting records.
• Submission of missing accounting documents.
• Creating accounting registers.
• Drawing up reports (if data is missing or corrections are required).
• The number of steps can be varied in accordance with the requirements and procedures of the accounting department of a customer.

Preparation and submission of annual reports in the Republic of Kazakhstan is a responsible undertaking and should be carried out by experienced professionals. In the context of constantly changing requirements for reporting forms, annual submission of reports becomes a complex systemic task which is extremely difficult to solve under tight deadlines without involvement of qualified specialists.

BPO Kazakhstan specialists will promptly prepare necessary reporting forms and save your own specialists from having to spend time on visiting inspection bodies and communicating with inspectors on reporting issues.

To start the Drawing up and submission of annual accounting reports, the company submits to BPO Kazakhstan the necessary data for the preparation of reports, and as a result receives a complete package of prepared reporting forms and a protocol confirming successful submission of the reports to the relevant bodies.

Submission of annual financial and tax reports within the statutory deadlines is an important task. Failure to submit annual reports on time, as well as mistakes in reports, can lead to major financial penalties from the fiscal authorities, up to and including  suspension of operations on the company's accounts. 

It is compulsory for all companies operating in Kazakhstan to submit annual accounting reports.

• Analysis of accounting data submitted by the company in the reporting period
• Verifying with the customer company's contact person the accounting data and the composition of accounting transactions carried out during the reporting period (if necessary)
• Preparation of annual accounting reports composed of:
• Balance sheet
• Statement of financial results
• Preparing other forms (on request of the customer company)
• Ensuring the process of signing (authorizing) the completed reporting forms
• Ensuring the process of submission of completed reporting forms to the Office of the State
• Revenue Department of the Republic of Kazakhstan

BPO Kazakhstan guarantees full compliance of formats of prepared annual reports with the current legislation and ensures complete confidentiality of transmitted data.

BPO Kazakhstan, for companies of various forms of ownership, offers tax audit support services. BPO Kazakhstan specialists can take part in both desk (response to notification with provision of documents) and field audits (at the company's office).

• Advising the company's employees on the procedure and timing of tax audits.
• Preparation of requested documents.
• Preparation and submission of additional documentation.
• Communicating with inspectors of State Revenue Committee for explanations on tax calculations and payments.
• Defending interests of the company in case of imposing penalties: 
• Working on agreeing a preliminary tax audit report;
• Appealing against the decision of the tax authority made as a result of the tax audit.

The chief accountant is responsible not only for keeping accounting records, but also for the correctness of the financial relationship with the state. If the chief accountant makes a mistake, substantial penalties are imposed on the company and management may be held not only financially but also criminally liable.

Qualitative performance by the chief accountant of his functions, which include development of policies, as well as accounting methodology, assessment and improvement of the efficiency of the financial service, control over the movement of company property, performance of obligations, as well as conducting all business operations in accordance with applicable laws of Kazakhstan, is only possible by engaging a qualified specialist. BPO Kazakhstan offers to take advantage of outsourced chief accountant services for internal financial services of clients of various organizational and legal forms, including LLP, JSC, SC, etc.

With a proven methodology in accounting services, BPO Kazakhstan will provide a dedicated member of staff to a customer's office or carry out all necessary functions remotely from its own office. BPO Kazakhstan offers the service of finding a professional chief accountant for outsourcing in Almaty, Astana and Atyrau.

In addition to the outsourced Chief Accountant service, if required, BPO Kazakhstan specialists will search and select candidates for the position of Chief Accountant and draw up job descriptions to formalise the requirements for the functions and responsibilities of the Chief Accountant, taking into account the specifics of the customer's company.

• Reconciliation of general ledger accounts;
• Analysis of mutual settlements with debtors/creditors;
• Closing the reporting period;
• Preparation and analysis of VAT and property tax accounts;
• Tax accounting, income tax calculation;
• Drawing up tax declarations;
• Drawing up corporate reports for the customer, including international financial reporting standards;
• Representation at tax authorities;
• Preparation and submission of statistical reports;
• Development and adjustment of accounting policies;
• Consulting on taxation;
• Monitoring compliance with procedures and the quality of work of the customer's accounting staff

The areas of accounting for mutual settlements with suppliers and contractors, as well as with buyers and customers, require careful attention from an accountant, as any errors in the accounting data can lead to extremely unfavourable consequences in case they are discovered by the controlling authorities.

• Has a large amount of paperwork with counterparties
• Does not have automated systems to control receivables and payables
• Has high workload of finance specialists
• Makes regular mistakes in accounting data which hinder correct preparation of reports 

Take advantage of BPO Kazakhstan's effective counterparty accounting settlement solution.

• Logistics of primary collection and control of documentation
• Documentary support of the sale of goods and services
• Entering data on business transactions in 1с and controlling results
• Control over cash receipts from buyers and customers
• Settlement with suppliers and contractors
• Assessment of applicable taxes and preparation of tax declarations

BPO Kazakhstan offers to optimise your company's costs by outsourcing the advance reports processing area. Checking and processing advance reports is an opportunity to increase efficiency by optimising processes, rationing operations and applying an internal methodology that has been tried and tested over the years.

• Checking advance reports for compliance with both RoK legislation and the company's internal policies and regulations;
• Reflection of information in accounting and tax accounting and entering data on advance reports into the corporate system;
• Checking availability of supporting documentation;
• Checking the settlement of the advance report;
• Communication with accountable persons;
• Accounting for expenses on corporate cards;
• Analyse the timeliness of submission of advance reports and disbursements on advance reports;
• Monitoring of legislative changes regarding the processing of advance reports;
• Transmission of advance report data for payroll calculation (expense reimbursement, withholding advances and taxable amounts);
• Saving of advance reports in a file.

• territorially distributed companies with a large branch network;
• organisations that use sales representatives as a sales channel.