Accounting Services in Armenia | Accountant in Yerevan | Tax Accounting for Small and Medium Businesses
The reality of modern business requires accurate financial management, tax risk reduction and error-free reporting. Many entrepreneurs wonder whether it is worth keeping an in-house accountant or using an external accounting service. This question is especially important for small and medium businesses, where every dollar and decision can be decisive.
In this blog you will learn:
What is an external accounting service
Why is it important especially for small businesses
What services can you get from an accounting firm
How to choose the right partner
What search terms do people use to find such services on Google
What is an External Accounting Service
External accounting means that the business does not have an in-house accountant, but turns to an accounting firm or specialist who professionally performs all financial and tax reporting under a contract.
This ensures financial accuracy without additional payroll and legal obligations.
Why This Is Beneficial for Your Business
1. Cost Savings
For small businesses, keeping an accountant is often an unnecessary burden. On average:
The investment cost (salary + taxes + working property) can exceed 300,000 AMD per month
And an external accounting service starts at just 50,000 AMD
2. Professional approach
Licensed accountants have years of experience, are familiar with the latest changes in the tax legislation of the Republic of Armenia, and can solve problems faster and more accurately.
3. Time management
Your team can focus on business development, while accounting specialists take care of reporting, tax planning, and financial control.
4. Protection from tax risks
Tax errors can lead to large penalties. Professional accounting reduces such risks by ensuring compliance with the Tax Code of the Republic of Armenia.
What Services Support Your Business
Accounting firms provide a variety of services, including:
Tax reporting (VAT, income tax, social security payments)
Payroll, vacation and sick leave
Cash register reporting and control
Bank and cash register document processing
Preparation and submission of annual financial statements
Consulting on tax changes
Financial audit and internal control