Outsourcing of bookkeeping services

Each business in Latvia is obliged to keep accounts, submit reports, pay taxes and communicate actively with the tax service. There are two options for accountancy – a full-time accountant, or outsourcing. The option of outsourcing accounting services is on average 5 times cheaper and it is used in 95% of cases.Please pay attention to the fact that the company, rendering this service for you, is required to have a certificate of professional liability insurance. Ours is here

About MARX

MARX Company provides accounting and legal services in the territory of Latvia. We serve Latvian (resident) companies the owners of whose enter the Latvian market mainly from the CIS (Russia, Ukraine, Belarus, Kazakhstan, Uzbekistan, Armenia…). We provide comprehensive business services on a turnkey basis and work in 3 languages: Russian, English and Latvian.

MARX Company has been providing accounting services since 2015. It is a member of the Association of Accountants of Latvia since 2017. Since 2020 is a member of the Latvian Chamber of Commerce and Industry

Member of the Association of Accountants of Latvia
Member of the Chamber of Commerce and Industry of Latvia

The professional liability is insured. For the present, we serve more than 50 companies and more than 20 different business activities.

MARX Company renders the accounting services, which comply with the laws and regulations of the Republic of Latvia; they comply with the European standards (IFRS); they comply with the requirements of the Law on Prevention of Legalization of Illegally Acquired Funds and Financing of Terrorism, and the company has developed a system of personal data protection.

IT solution

“1C: Accounting 8 for Latvia” 1C: Accounting 8 for Latvia provides the ability to maintain accounting and tax records of several organizations in a common information base and allows serving holdings with a complex organizational structure Accounting of operations of receipt and sale of goods and services is automated. For the retail trade, there supported the technologies for operations with both automated and non-automated retail outlets. Accounting of commission trade is automated both in respect of goods taken on commission and transferred for further sale. All basic operations on accounting of fixed assets are automated: receipt, acceptance for accounting, depreciation, modernization, sale, write-off, and inventory. Accounting of cash and non-cash funds, including currency exchange operations, is automated. The settlements with counterparties and accountable persons are automated. The settlements with counterparties can be recorded in euros, conventional units and foreign currency. Services can be provided using our IT solution or customer’s IT solution.

Team

Our team consists of experts from different areas of the financial industry, and this fact provides the opportunity for us to serve the business on a turnkey basis. Accountants and lawyers, financial consultants, secretary, clerk and assistants work for the benefit of quality service.

MARX Company is currently expanding; it attracts new customers actively.
We value your time, and therefore we have structured our website in such a way as to give you only the information that you need. On behalf of MARX Company, we thank you for your time and interest. We are open for cooperation and we wait for your feedback.