“Complete” service

It’s all about completion. By receiving our service, for small and medium businesses or organizations like yourself, you can free yourself of setting-up an accounting, book keeping department. We’ll update our customers in country or out of country alike in timely manner. The service shall include following tasks:

Monthly:

1. Personal income tax should be paid monthly, and report quarterly.
   
   • Calculate employer’s salaries.
   • Payment should be made within the 10th of next month.
2. Social and Health Insurance
   
   • Payment should be made within the month.
   • Report corresponding Social Insurance authority, within the 5th of next month.
   • Maintain employees’ Social Insurance books.                       
3. VAT returns if your company is the VAT payer. 
   
   • Collect the records from The Company’s customers
   • Prepare the reports. (VAT and VAT return)
   • File the VAT reports to special Electronic Tax filing System of VAT office.
   • Submit hard copy to the corresponding tax authority, personally.

Quarterly:

1. Financial Statements:
   • Balance sheet
   • Profit and Loss Statement
   • Statement of Equity Changes
   • Cash Flow Statement

Reporting: Quarterly financial statements should be reported by the 20th of the first month, of the following quarter.

• Submit the statements to the Electronic filing System of Financial Authority
• Submit personally to corresponding Financial Authority.
2.  Tax Reports:
   • Economic entity Income tax report.
   • Personal Income tax report.

Reporting: Quarterly Tax Reports should be reported by the 20th of the first month, of the following quarter.

• Submit the statements to the Electronic filing System of Tax Authority
• Submit personally to corresponding Tax Authority

Yearly:

1. Financial Statements (above mentioned 4 statements)
   • Submit to Electronic filing system.
   • Submit personally. 
2. Tax Reports procedure is same as Quarterly. 

Reporting: Annual Financial Statements and Tax Reports should be reported by the Feb, 10th of the following year to the corresponding Authority.

“Business advisory”

If you’re a baseball fan, you know that keeping track of how well your favorite team plays and predicting how it will do in the future is part of the fun. In businesses, government agencies, and nonprofits, accountants often engage in very similar activity.
Not simply bean counters, accountants analyze financial information and consult with upper management about important business decisions.
We assist our clients to avoid risks and other difficulties, which may be or may have been faced, by providing updated information and advises upon your needs to keep you one step ahead and safe in Mongolia.

We advise on following areas:

1. Profit and Loss
2. Budgets
3. Cash flows
4. Forecasting
5. Performance Indicators

We offer an internal control one time or permanently for the companies which want to make sure that their business is rolling fine.

“Special Service”

1. Financial statements (Annual, Quarterly)
2. Social and Health Insurance reports (Monthly)
3. Payroll tax (Quarterly)
4. Preparation and completion of VAT returns. (Monthly)
5. Bank account reconciliation

And other services upon requests, of our clients.

Training and examining

As part of our outsourcing accounting services, “Calculus” assists in selection of a qualified accountant for your company through a competitive examination upon your needs and requests. Our experienced chartered accountants also provide the service to train your newly hired accountant.