The accounting services for companies operating in the tourism industry - hotels, restaurants and similar establishments have their specifics. Their activity is regulated by a number of normative acts, the detailed knowledge of which is of utmost importance for the proper organization of the accounting.
Along with the revenue authorities' requirements for analytical revenue and expenditure reporting, the crucial moment is the continuous movement of staff and the compilation of working time schedules. The seasonal nature of the work in the sector, as well as a shortage of qualified staff, leading to continued employer compromises in employee recruitment and hence frequent dismissals or retirements for various reasons, require competent LFS decisions.
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