Day-to-day bookkeeping
Recording and controlling purchases, sales, bank transactions, expense reports and debts.
Ratio, MB
UAB accounting in Lithuania (private limited company)
A UAB (uždaroji akcinė bendrovė) is Lithuania’s private limited company. Ratio, MB handles UAB accounting from source documents to the corporate income tax return and annual financial statements, in Vilnius and remotely across Lithuania.
What does UAB accounting cover?
The scope of UAB accounting depends on the nature of the business, VAT status, number of employees and transaction volume. We agree in advance which tasks we perform, when documents are submitted and who is responsible for what – see our full range of accounting services in Lithuania.
VAT and taxes
Preparing and filing VAT, personal income tax (GPM), corporate income tax and other mandatory returns with the State Tax Inspectorate (VMI).
Payroll
Salaries, leave, HR documents and the reports filed with Sodra, Lithuania’s social insurance fund. Check gross, net and total employer cost in our salary calculator.
Annual reporting
Annual financial statements, the corporate income tax return and the documents filed with the Centre of Registers (Registrų centras).
How does UAB accounting differ from MB accounting?
A UAB has shareholders and usually employs its director under an employment contract, so payroll accounting applies from day one. Profit is distributed to the shareholders as dividends, and the annual financial statements are approved by a shareholders’ decision and filed with the Centre of Registers. If your company is a small partnership (mažoji bendrija), read about MB accounting instead.
How much do UAB accounting services cost?
Ratio, MB accounting plans start from €80 per month, but the price for a UAB usually depends on the number of employees, VAT transactions and document volume. See our accounting prices or ask for an individual quote.
How do we start or take over UAB accounting?
- Tell us the UAB’s activity, VAT status, number of employees and monthly document volume.
- We assess the state of the accounts and the nearest deadlines with VMI, Sodra and the Centre of Registers.
- You receive a specific proposal covering tasks, responsibilities and the monthly price.
- We agree the document handover routine and take over the accounting from the agreed date.
An overview of all our accounting services and a salary calculator for estimating the total cost of a position are available on separate pages.
Frequently asked questions about UAB accounting
Do you work with newly established UABs?
Yes. At the start we agree the accounting policy, how documents are submitted, whether VAT registration is needed and the tax deadlines.
Can you take over the accounting of an operating UAB?
Yes. We take over the balances, ledgers and system access in an orderly way. Read more on our switching accountants page.
Do you provide reports for the director?
Yes. On request we prepare monthly summaries of income, expenses, debts and cash flow.
Looking for an accountant for your UAB?
Tell us how many employees the UAB has, whether it is VAT-registered and how many documents it generates per month.
Request a quote →Contact
Tell us what you need.
Your enquiry will be forwarded to Ratio by email. You can also email or call us directly.