Grant Thornton Baltic has long been a trusted adviser to public interest entities and privately held companies operating in different industries and business sectors. With the in-house support from our tax, financial and legal departments, offices in all three Baltic States and Grant Thornton family members in over 130 countries, we render professional and comprehensive accounting services to local, regional as well as international companies.

The accounting department of Grant Thornton Baltic holds expertise in all matters related to the organization of the accounting and reporting processes. Our primary practice areas include accounting/bookkeeping, reporting, payroll, tax compliance, temporary staffing of accounting personnel and other outsourcing services. Below the services are outlined in more detail. All of them can be offered either in full or partial proposition depending on the client needs. We provide accounting services according to the local accounting standards and if requested by the client, we can perform transformations into IFRS and/or US GAAP. Upon the client’s preference we use either our accounting software (Internet-based or non-Internet based) or the client’s software.


  •     Full cycle accounting and bookkeeping services
  •     Partial accounting and bookkeeping services (e.g., accounts payable/receivable, fixed assets, travel and expense reports, etc.)
  •     Full or partial tax accounting
  •     Representing the client in communication to auditors or state authorities and addressing their queries on behalf of the client


  •     Preparation and submission of annual reports (also consolidated reports)
  •     Preparation of group reports based on client’s instructions
  •     Preparation of management reports based on client’s instructions
  •     Preparation of budgets, financial analyses, financial forecasts, budget fulfilment reports, cash flow reports, etc. based on client’s instructions
  •     Preparation and submission of local statistical, Intrastat, central bank and other specific reports (e.g., packaging, customs, etc.)

Payroll and related services:

  •     Calculation of payroll
  •     Preparation and submission of payroll-related tax declarations
  •     Keeping vacation reserve
  •     Registration/deregistration of employees in social security institutions
  •     Money movement to employees’ / tax authorities’ accounts
  •     Administration of personnel-related documentation

Tax compliance:

  •     Preparation and submission of following declarations: VAT, payroll-related tax, CIT, excise duty and other tax declarations
  •     Representing the client at tax authorities and addressing their queries on behalf of the client
  • Temporary staffing:
  •     Part-/full-time temporary replacement of CFO, chief accountant and/or other accounting staff

Other services:

  •     Registration of companies /tax payers
  •     Business address rental
  •     Re-engineering accounting processes and procedures, adaptation of finance systems
  •     Consulting and support on development of accounting and ERP software
  •     Accounting process design, organisation and effectiveness measurement
  •     Document archiving
  •     Administrative support: scanning of documents, preparation of administrative documents, assistance in arranging accounting information, etc.

Send us your inquiry!

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