Geros buhalterės

Facts and answers

Why are we better than a personal accountant?

1. A team is always more competitive, has more knowledge and experience than a single person.
2. Better effectiveness – simple handover and distribution of the work. A company is never on a sick leave, on holidays or absent without serious reason.
3. We are liable for our performance according to the Civil Code as well as the Labour Code. Our activities are strictly controlled by laws, you are given better guarantees, it is less risky to trust accounting to a company.
4. We are a legal entity; therefore, our relationship is business-like, objective and long-lasting. Mutual commercial cooperation is possible between companies.
5. Motivation does not cost you anything when you hire a company. Unlike when hiring an accountant, you will not have to pay for the training or holidays of the employee, you don’t have to invest into reward or motivation systems.

Comparison of liabilities according to the Labour Code and Civil Code

Company	Accountant
According to the Civil Code	According to the Labour Code
Article 6.718 of chapter 35. Priority of Client’s Interests. When providing services, service provider must act honestly and rationally to the best interests of the client. Considering the type of services, service provider must follow the established practice and professional standards.	Article 35. Exercising Labour Rights and Fulfilling Labour Duties. While exercising their rights and fulfilling their duties employees are bound to comply with laws, observe the rules of communal life and adhere to the principles of prudence, justice and honesty.
Article 6.292 of chapter 4. Liability of the Service Provider. Service provider must cover damages incurred because of the services of inadequate quality.	Article 253. Cases of Employees' Liability. An employee must compensate damage arising due to: Fines and compensations which the employer had to pay because of the employee’s fault.
Article 6.256 of chapter 12. Basis of Contractual Liability Person who failed to fulfil or properly fulfil contractual obligations must cover the losses of the other party to the contract, pay forfeit (fine, interest for delayed payment).	Article 255. Cases When Employees Must Cover All Damages: the damage was done deliberately; the damage was done by its criminal activities; damage caused by an employee with whom a contract of full liability has been concluded;
Article 6.251 of chapter 12. Compensation of Damages in Full The damages incurred must be compensated in full, except in cases when limited liability is established by laws or a contract. The court, having considered the nature of liability, the financial status of the parties and their interrelation, may reduce the amount of repairable damages if awarding full compensation would lead to unacceptable and grave consequences.  However, the reduction may not exceed the amount for which the debtor has or ought to have covered his civil liability by compulsory insurance.	Article 254. Limits of Material Liability of Employees. Employee must cover all damages made to the company, but not exceeding the amount of three average monthly salaries of the employee. Article 225. Limiting the amounts withheld from the salary. Every time when salaries are paid, the total amount withheld may not exceed 20 percent. When withholding amounts from the salary according to several executive documents, at least 50 percent of the payable salary must be paid to the employee.