Comprehensive Bookkeeping for LLCs in Ukraine | Paper Cloud
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Comprehensive bookkeeping

Comprehensive bookkeeping for LLCs and sole proprietors in Ukraine — the full cycle, or just the part you need. We process source documents, keep your records, calculate taxes and file your reports — so deadlines stop living in your head.

We work with LLCs, sole proprietors (FOPs), NGOs, charitable foundations and Diia City residents — in Kyiv and across Ukraine.

For whom
LLCs
Sole proprietors
Non-profits
Diia City
Cost
Estimate in the calculator, exact quote on request

What comprehensive bookkeeping includes

Every month we run the same cycle for you. Each item below is work you no longer have to do or double-check.

✓

Source documents

Invoices, delivery notes, acts and contracts — checked and posted.

✓

Bank statements

Every payment posted and reconciled, so your books match the bank.

✓

Accounting and tax records

Ledgers, VAT and VAT invoices, kept in line with your accounting policy.

✓

Taxes and payments

We calculate them and remind you what to pay and by when.

✓

Reporting

Financial, tax and statistical reports, filed and confirmed.

✓

Ongoing advice

Answers to day-to-day questions, such as how to document a deal.

Have staff? Add payroll and HR management.

Full or partial bookkeeping

Full

We handle all of it

For companies without an accountant of their own.

  • ✓Source documents and bank statements
  • ✓Accounting and tax records
  • ✓Tax calculations and payment reminders
  • ✓Preparing and filing reports
  • ✓Ongoing advice
Partial

Only what you need

For companies with an in-house accountant who need a safety net or one area covered.

  • ✓Your accountant keeps the books; we check the data and file the reports
  • ✓Or we take one area off your plate: payroll only or HR only

More on reporting: reporting preparation.

Who we work with

FOP

Sole proprietors (FOPs)

A FOP is Ukraine’s individual entrepreneur status. We support single tax groups 1–3 and the general system: single tax, single social contribution (SSC), returns and deadlines.

LLC

Limited liability companies

General system or single tax group 3, with or without VAT: source documents, VAT invoices, State Tax Service filings and financial statements.

Non-profits

NGOs and charitable foundations

Accounting and reporting for NGOs and foundations, including projects with foreign or public grant funding.

Diia City

Diia City residents

Diia City is Ukraine’s special legal and tax regime for IT companies. We keep residents’ accounting and tax records and prepare their reports.

Outsourced bookkeeping or an in-house accountant

An honest comparison — for some companies, an in-house accountant is the better choice.

In-house accountantPaper Cloud
Who keeps the booksOne personLead and chief accountant, quarterly audit review
Vacation, sick leave, resignationThe books waitThe team covers
CostsSalary, SSC, workspace, software, trainingA monthly fee under the contract
Liability for errorsPer the employment contractIn the contract, plus insurance
Tax and legal questionsSeparate advisorsTax consultants and lawyers in-house
Being in the office✓ On site every dayPhone, messenger, email; on site for inspections on request, when needed

If you need someone on site every day, keep your in-house accountant — we can review their work and file the reports. That’s partial bookkeeping.

How we work: from contract to the monthly cycle

1

Request

Send a request or get an estimate in the calculator.

2

Review and contract

We assess the workload and fix the price in a one-year contract.

3

Documents and access

You share founding documents and access to your accounting system. No database? We’ll create one. No server? We’ll host it on our secure servers.

4

Your accountants

A lead accountant for daily work and a chief accountant for the balance sheet and reports. Then it all runs on a reporting calendar.

What happens every month

During the month

You send documents however suits you: messenger photos, email scans, originals by courier or a shared folder.

After month-end

We post bank statements, calculate taxes and send payment reminders.

On the reporting calendar

We file reports, check the receipts and keep you posted.

Switching mid-year? We take over in any month. If past periods have errors, we first restore the records.

What comprehensive bookkeeping costs

Workloads vary even between similar companies, so we don’t publish fixed prices. Four things drive the price:

Tax system

FOP or LLC, single tax or general system, VAT.

Transactions per month

One purchase or sale counts as one transaction, even if it takes several postings.

Employees

How many people are on staff and whether you need HR records.

Type of business

Including any foreign trade.

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Estimated cost

A few questions about your business in the calculator, and you see the ballpark.

Get an estimate
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Exact quote for your needs

Send a request or give us a call. An accountant will clarify the details and quote a price we fix in the contract.

Send a request

Who keeps your books

Lead accountant

Keeps your books day to day and is the person you talk to.

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Chief accountant

Reviews the books, prepares and files the reports. Supports your year-end inventory count before closing the year.

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Auditor

Checks both accountants’ work every quarter.

Tax consultants and lawyers step in when a question goes beyond accounting. Liability for errors is set out in the contract, and our professional liability is insured.

Frequently asked questions

What does full-cycle bookkeeping and accounting include?

Everything from the first source document to the filed report: posting invoices and bank statements, keeping the ledgers, calculating taxes and filing reports. With us, full-cycle bookkeeping and accounting also includes payment reminders and day-to-day advice.

What are the penalties for keeping the books incorrectly?

Under Ukraine’s Code on Administrative Offenses (Art. 164-2), company officers face a fine of 8 to 15 tax-free minimum incomes for missing or improper accounting records, and more for a repeat offense. Tax accounting violations fall under Art. 163-1. Tax errors cost more: Tax Code penalties plus late-payment interest. While martial law is in effect, errors you correct yourself carry no penalty or late-payment interest (Tax Code transitional provisions). One exception: some FOPs only need to file reports, not keep accounting records. We’ll tell you on our first call if that’s you.

Do you keep the books under IFRS, and do your accountants speak English?

Yes. We work under both Ukrainian standards and IFRS. Our accountants hold the international CAP (Certified Accounting Practitioner) certification, and you can talk to them in English.

Why outsource instead of hiring an in-house accountant?

You don’t depend on one person: a team with two levels of control keeps your books, and an auditor checks the work quarterly.

Can we switch to you in the middle of the year?

Yes, we take over in any month and pick up where your previous accountant left off. If past periods have errors, we’ll suggest accounting records restoration.

Where is our accounting data stored, and who can see it?

In an accounting system. If you already have a database, we work in it. If not, we set one up, and if you have no server of your own, we host the database on Paper Cloud’s secure servers. We also sign a confidentiality agreement with you, so your financial data stays between you and the team that keeps your books.

Ready to hand over your books?

Get an estimate for comprehensive bookkeeping in the calculator or send a request for an exact quote. For the bigger picture, see all our bookkeeping services.

Bookkeeping cost calculator · Send a request

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