Outsourcing services - an increasing necessity for businesses

14 September 2017

Management Accounts

Management Accounts | Bookkeeping | Payroll | Vat

Businesses are often under intense cost and time constraints and find it difficult to take complete control over their critical finance processes.

Efficient bookkeeping services and preparation of management accounts is an essential tool for an entrepreneur to be able to assess the financial position of his company and assist him in decision making. Having an in-house bookkeeping and accountancy team can be cumbersome and expensive for small to medium sized businesses.

Consulco is an ideal firm when looking to appoint an outsourced bookkeeping services partner.  Our services include updating of accounting records, payroll processing, vat filing and financial reporting (management accounts).

Key advantages of Management Accounts

The objective of management accounts is to provide timely and key financial information for the company for a specific period, to whoever may be concerned or have requested them. (i.e. banks, regulatory bodies, business associates).  It is a set of summarized accounting data that typically include a balance sheet and income statement. The figures included in management accounts are not audited.

Day to day bookkeeping

We offer a full bookkeeping service tailored to your requirements, through the use of multi-currency software. This relieves you and your staff of a time consuming but necessary job.  We offer a dedicated team to produce accurate management accounts as and when you require them monthly, quarterly or annually.

Financial Institutions

Financial institutions will be more inclined to offer finance to a company where solid management accounts are prepared on a regular basis. It provides confidence that the business owners are in control of the business and its processes.

In many cases, it is now a requirement of banks that up to date management accounts are provided on an annual basis.

Making Key Decisions & Business Growth

Regular management accounts can assist management and owners in making important decisions regarding their revenues, costs, profits and in actively growing the business.

Payroll and VAT

We are an established outsourced payroll and vat service provider, experienced in finding the right solutions for our clients.

We specialize in payroll and vat registration and processing in Cyprus.  By appointing Consulco as your trusted outsourced payroll and vat services expert, we ensure that your payroll and vat statutory requirements and obligations are met.

We undertake the whole process of registering, processing, filing, paying taxes and submitting all necessary reports to the authorities.  Our aim is to provide an excellent service at affordable rates.

What can we do for you?

Consulco has for many years provided bookkeeping, vat and payroll services to its clients and has advised and assisted its clients in identifying and resolving complex situations.

The combination of skills, technical knowledge and experience has become increasingly important for businesses and we are dedicated to the task of ensuring that we deliver to a high standard at reasonable prices for our clients.

If you wish to receive more information or would like to speak to one of our outsourced bookkeeping, payroll and vat services experts, then please contact us at info@consulco.com


Consulco is an independent trust services and investment management group operating since 1993 and managed by Marios Hajiroussos, Dmitry Khenkin and Elena Hajiroussou. 

© Consulco Limited 2017. All rights reserved.No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of Consulco Limited. The information provided in this publication does not constitute legal, tax or investment advice and no responsibility is accepted for any loss occasioned directly or indirectly as a result of persons acting, or refraining from acting, wholly or partially in reliance upon it.