Accounting

The modern payroll function demands continuous professional training, statutorially-accurate and efficient technology and unerring timing. This specialist function is rarely appropriate to insource for small and medium-sized businesses that lack the scale to extract efficiencies or strategic advantage from the investment. On the other hand, these businesses cannot risk meeting their obligations to employees, management or the government.

CFO2GO provides complex payroll services at a flat per-employee rate:
registration, deregistration, simple wage contract changes, wage calculation and wage reporting, and payroll software
calculation: base wages, bonuses, meal coupons, auto benefit, other benefits, employee withholdings
reporting: calculation and delivery of monthly and annual reports to Czech Social, Health and Financial wage institutions

Software:
CFO2GO is able to offer access to a self-contained, complex Employee Resource Management Module for payroll to its larger clients who would like to manage their staff actively and professionally, but would like to leverage the professional knowledge our company brings to the table. This module is part of the standard package to CFO2GO’s FlexiBee online accounting services offering. We also provide classic outsourced payroll services for companies of 1 to 50 employees.

We can quickly implement your company on our accounting platform, FlexiBee, including a complete, customized general ledger, cost center and project accounting. We can produce your accounts in local and U.S. statutory formats, and support customized management reporting. FlexiBee is our online secure, hosted, multilingual enterprise resource planning software platform. In a retained accounting services mode, we extend complete control over original document entry to your staff while CFO2GO provides chief accountancy and controllership, represents your company before government agencies and prepares all management and statutory reporting on a monthly or more frequent basis.

Should your operational needs be simpler and you require primarily statutory support, our own in-house staff are able to enter all accounting documentation on a monthly or quarterly or annual basis under a classic outsourced accounting mode.

Our FlexiBee accounting platform allows us to oversee your local accounting function in the capacity of local statutory and international management controller. We often work directly with the local subsidiary’s corporate finance and treasury department in coordinating monthly 5-day closes, treasury and front-line financial management support. We help you to in-source non-specialized original document entry at a low marginal cost and provide you specialized support at a service level you design.

Unlike many firms, we support nearly all Czech entities, including LLCs (s.r.o.s), stock companies (a.s.), partnerships (v.o.s. and k.s.), non-profits (o.s. and o.ps.), and sole proprietors operating on a “trade license” (osvč). We also support tax-efficient accounting of residential rental real estate projects operated by individuals, partnerships and s.r.o.s. in the Czech Republic and United States.