Balance sheet
BALANCE SHEET The balance sheet is one of the report papers prepared within the Annual Financial Statements. It displays the condition of assets at a certain date (balance sheet date).
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Basically, balance sheets are compiled in order to give an overview of the financial situation of the company. In money terms, overview of the condition of assets (according to its forms and composition), and sources. Balance sheets shall consists of data captured in the books.
For individual forms of assets separate accounts are set up that display the transformation of the individual components. In the Czech Republic, balance sheets are usually based on the balance equation (the total of assets = the total of liabilities). The balance sheet has the form of bilateral table, divided vertically (assets on the left, liabilities on the right). Assets and liabilities express the same total of assets used by the company – only viewed from two different perspectives.
The assets and liabilities are further divided into segments, and each segment contains separate accounts. Asset segments are vertically arranged by their liquidity. Liabilities are divided into Own Resources and then Foreign Capital.
The balance sheet, however, has a limited explanatory value because it does not reflect the trend; it only captures the situation as of a certain date (balance sheet date).
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We are very satisfied with the services you provide, particularly with accounting statements being presented in both English and Czech, as well as seamless bookkeeping. Our collaboration over the last years has been impeccable and void of any problems with either our parent company or the local authorities. Thomas Kudera, National Manager, Czech Forbo Flooring, Forbo Ltd.
Foreign Language Publications. "We have been using the services of Bell Consulting since our company's founding in 1995. We are satisfied with their work, as can be seen by our 17 years of cooperation. We value their reliability and professionalism, and their personal availability to our needs. Whatever the problem is we can always count on them to provide clear solutions, which, when trying to wade through current legislation, would not otherwise seem obvious. Their professionalism was highlighted by our being audited without an incident." Matilda Blahová FLP-CR Ltd.
Bookkeeping, payroll, HR services and comprehensive tax advice to the Czech subsidiary of this Swiss concern dedicated to the manufacture and servicing of printing presses.
ENVIORE CZ s.r.o. 'We decided to enter the Czech Market in 2009 and chose Bell Consulting after a selection round with 6 Czech competing accountancy firms. To date, Bell Consulting is providing us with accountancy services, reporting, payroll processing and support for legal matters. We experience the services rendered to be of high standards and value the swift response to the tasks assigned. The input of Bell Consulting is considered to be an asset for our Czech operations and we would recommend them to any organization, Czech or international." Mr. Martin Coysman, executive head and co-owner.
BELL Consulting has been providing us with tax advice and prepares our tax returns. Above all, I appreciate the ease of communication, quick response times and in depth knowledge of the issues facing leading companies. I value the pleasant office environment close to the city center with parking for clients. Bohumír Vesely, Managing Director, GELDBACH - CZ Ltd.
Comprehensive payroll and personnel services for the subsidiary of this American garment concern.
Bookkeeping, payroll, HR services and comprehensive tax advice. Liquidation of the company uopn cessation of its operations in the Czech Republic.
The pharmacy on Mendelovo Square in Brno. Accounting, payroll, personnel services and comprehensive tax advice to one of the largest pharmacies in the city.
Comprehensive payroll and HR services to this Czech subsidiary of the Danish holding company dedicated to the manufacture of surface coatings.
ABRAHAM MOTOR RACING. Bookkeeping, payroll, HR services and comprehensive tax advice. This company maintains one of the region's leading competitors in the city's World Motorcycle GP race.
Bookkeeping, payroll, HR services and comprehensive tax advice to a Czech company trading in medical technology and products.
Liquidation of the Czech and Slovak subsidiaries as part of an optimalization process of the holding structure of the FORBO Group.
Accounting and tax advisory services for this Engineering Studio focused on building projects.
Accounting and comprehensive tax consulting to the subsidiary of this British holding company who operate bowling alley installations.
Bookkeeping, payroll, HR services and comprehensive tax consulting of the Czech branch of this British recruitment agency.
Bookkeeping, payroll, HR services and comprehensive tax advice to this Czech company providing heating installations.
Bookkeeping, payroll, HR services and comprehensive tax advice to a Czech real estate development company.
Bookkeeping, payroll, HR services and comprehensive tax advice for the subsidiary of this American corporation involved in the development and testing of semiconductor components.
A Swiss holding company, engaged in construction projects, primarily hypermarkets. We provided bookkeeping, payroll, HR services and comprehensive tax advice. Upon completion of their operations we were entrusted with the liquidation of their subsidiaries in the Czech Republic.
MBI Marketingberatung International spol. s r.o. Bookkeeping, payroll, HR services and comprehensive tax advice for the subsidiary of their Austrian holding company that provides financial advice and sells financial products.
