Accounting Services

A venture capital / private equity firm was in the middle of a search for reasonably priced outsourced investment analysis services. The firm executes numerous transactions in the United States and all over the globe daily. Thus pinpoint, and most recent data about the local financial sector is a must-have. Baltic Assist stepped up to the challenge and procured competent specialists in finance, investment, capital management to work remotely. As a result, in-house employees no longer carried the hard-to-manage extra load and could dedicate their full attention to their primary objectives at the main office. The best part about it – the time difference with the United States means that data flow does not stop at night, and on-site workers already have something to work with within the morning after Baltic Assist ends their shift here in Vilnius.

As one of the fastest-growing discount store chains in Northern Europe, this company saw that establishing a local back office with competent staff members and doing so cost-efficiently could be an uphill battle. Baltic Assist rose to the occasion regarding providing accounting services from a back office with a fully flexible location. VAT reports, payroll, payables and receivables account management, management reporting, and many other services are provided daily. All for a reasonable price, without any compromise in quality. Baltic Assist’s proximity to the domestic Scandinavian market, home of the client – premium quality service and competitive pricing brings excellent benefits. This is a prime example of nearshoring at its finest. The client is expanding operations in Baltic Assist every year.

A company that provides a wide range of IT solutions was searching for a way to minimize costs in finance and accounting. With the latter, there was also an additional objective to make it more process-oriented, scalable, and optimized. As of today, Baltic Assist keeps books for ten enterprises in the group. This “keeping of books” involves daily work, such as:

• Setting up payments
• Follow-up on debts
• VAT reporting
• Overall data management

Along with quarterly, monthly, or consolidated reports, preparing financial statements, and more. Baltic Assist provides everything from preparation to delivering finished documents for audit. The client achieved tremendous benefits in efficiency, significantly reduced operating costs, and integrated automation in many accounting processes.

When you are an individual investor, the value of proper and high-quality bookkeeping increases significantly. Since angel investors provide investments in the early stages of business, every number, comma, process, and financial transaction requires diligence and professional insights to maximize the enterprise’s capabilities to bring in profits. Baltic Assist can provide all of that through competent services of investment evaluations, full-service accounting, invoicing, debtor follow-up, preparing financial reports, calculating such parameters as amortization, and much more. Baltic Assist remains an excellent option for this client through the lens of virtual accounting because we are a one-stop shop for competent and premium quality advisory, bookkeeping. As a result, the customer can fully concentrate on primary objectives rather than combating numerous challenges facing many young businesses that the angel investor has to oversee.

In the venture capital business, many processes and things are going on behind closed doors. Our clients are in venture capital, providing SEED funding mainly to tech startups with tremendous upside. Since the firm was looking to partner up with someone able and willing to provide advisory/consultancy/accounting services for the startups – Baltic Assist came into the picture. We were assigned the task of monitoring expenditures, ensuring that partners, suppliers, and local talent are “bought” at a reasonable price. We do a lot of forecasting, management reporting, financial reporting, and client assistance by being proactive in acquisition handling, liquidation, and merger processes. Since the venture capital firm is interested in expansion, we do as much as possible to lay a foundation in the finance sector for a substantial upscale. The firm continues a mutually beneficial partnership with Baltic Assist, later recommending us to the same startups we were assisting previously. Nearshoring accounting services and team extension is well worth it. This is a prime example of it.

The main preference for a startup with limited investment and financial capabilities is always cost-efficient solutions. With one of our clients – a food-tech startup – the case was simple. Someone needed to supply reliable accounting services, quality management and fully engulf and take care of a whole fiscal operation branch. Baltic Assist provides reasonably priced bookkeeping services that benefit the client in more than one way. On-time report deliveries, statement preparation, interest calculation, audit procedures, purpose-drafted special monthly management reports, and more. The company’s main branch can work on making the service better while Baltic Assist manages the books and relieves the workload.

Baltic Assist provides independent financial services with high competence and all for a reasonable price. Our client is a vertically integrated real estate product innovator with its primary objectives of developing, investing in, and operating real estate, all with the common goal to make it better. Baltic Assist provides operational expertise (liaison with clients, assistance on administrative or accounting issues), helps build long-term business partnerships, thinks forward with new client take-overs, proposes improvements. However, the main task is comprised of VAT reporting, payroll management, financial reporting, budgeting, forecasting, and much more accounting services. With proper high-quality and affordable bookkeeping, this private equity company can venture into new businesses, organize deals, mergers, and draft better financial plans for the future.