In the cooperation initiation process, we carry out an in depth analysis of the company’s operations, identifying specific needs and developing an optimal accounting service model. The service range includes:
Accounting agency “Kamelota” specialises in providing professional outsourced accounting services, ensuring comprehensive financial accounting solutions for both companies and individuals. Our team of experts works with the highest precision and responsibility, keeping up with all changes in tax policy and the latest developments in the accounting field.
We position ourselves not only as service providers but as strategic partners who deeply understand each business’s specifics, daily challenges and development goals. Our accumulated knowledge and twenty years of experience become your competitive advantage in the market.
Individualised approach to accounting solutions
Full provision of accounting functions
Management of individual accounting processes
Consultative support in complex financial matters
Tax planning and optimisation
Our expertise covers all levels of accounting complexity from implementing accounting for newly established companies and servicing small and medium-sized enterprises (SMEs) to managing the finances of complex corporate structures. By delegating the accounting function to professionals, you gain the opportunity to fully focus on business development and the achievement of strategic goals.
Modern work organisation and technological solutions
Digitalised document circulation and process automation:
- Electronic document circulation with the highest security standards
- Integration with the client’s existing business management systems
- Regular communication using modern communication platforms
- Employee training on document preparation and circulation
Work processes are developed and continuously improved to ensure:
- Full compliance with the tax legislation and accounting standards of the Republic of Latvia
- Timely adaptation to legislative changes and State Revenue Service (VID) requirements
- Adherence to international accounting standards (IFRS) when required
- Internal control mechanisms that minimise the risk of errors
- Regular quality audits and process optimisation
- Strict compliance with confidentiality and data protection (GDPR) requirements
Professional accounting software:
The primary accounting platform used by the accounting agency “Kamelota” is MONEO – a modern accounting and business management system that ensures full automation of accounting processes, real-time data availability and the highest security standards. The MONEO platform allows the provision of fast and precise services to all clients.
In addition, the Kamelota team has expertise in working with a wide range of accounting systems, enabling service provision on the platforms preferred by clients:
- Standard ERP by HansaWorld. A comprehensive ERP system that provides full business process integration, real-time analytics and multilingual support for international companies
- Microsoft Dynamics ERP. A corporate-level solution with complete integration of business processes
- Monitor ERP. A Scandinavian ERP system for manufacturing and trading companies
- Tildes Jumis. A Latvia-developed accounting program with full localisation, automatic tax calculation and direct integration with State Revenue Service systems
- Directo. A cloud-based platform with a flexible module system, particularly suitable for manufacturing and trading companies
- Horizon. A specialised solution platform for complex accounting needs with extensive analytics and reporting capabilities
- 1C. A widely used business management system with strong analytics capabilities
This diverse system expertise ensures that we can provide high-quality services regardless of the client’s chosen accounting platform, while also offering consultations on selecting the most optimal solution for specific business needs.
Who needs outsourced accounting services
Ideally suited for companies that want to focus on their core business activities, optimise administrative costs and gain a professional financial management partner:
Newly established companies and start-ups,
focusing on business development without the need to create an internal accounting structure;
Small and medium-sized companies (1–50 employees),
for cost optimisation compared to hiring a full-time accountant;
Rapidly growing companies,
gaining flexible service volume aligned with business dynamics;
Companies with seasonal activity,
where the scope of services can be adjusted to the level of activity;
Internationally oriented companies,
receiving expertise in international transactions and tax matters;
IT and technology companies,
benefiting from specific understanding of industry nuances;
Consulting and service companies,
with a clear focus on project accounting and profitability analysis;
E-commerce companies,
to receive professional experience in digital commerce accounting.
Signs that professional outsourced accounting is needed
They are always warning signals for company management, indicating the need to reassess the existing accounting model. Timely recognition of these signals and taking action can protect the company from financial risks, penalties and reputational damage, while at the same time opening new opportunities to increase business efficiency:
Operational indicators:
- Regularly delayed tax payments or report submission deadlines
- Difficulty understanding the company’s actual financial situation
- Increasing time spent on administrative matters
- Inaccuracies or errors in financial documentation
- Tax audits resulting in negative findings
Strategic factors:
- Planned business expansion or entering new markets
- Investor attraction or the need for credit financing
- Changes in company structure or ownership
- The need for detailed financial analytics to make important decisions
- The accountant’s departure or long-term absence
Efficiency indicators:
- Internal accounting costs exceed 15% of administrative expenses
- Insufficient accounting competence in complex matters
- Need for specialised knowledge (consolidated reports, IFRS standards)
- Regular disputes with the tax administration
Why choose “Kamelota” as your accounting partner
These are competitive advantages built on more than twenty years of experience and the trust of over 1,500 successfully serviced clients. We are not simply service providers, we are strategic partners who actively contribute to your business growth and financial stability with:
Clear communication,
explaining complex financial matters in business language that entrepreneurs can easily understand
Certified expertise,
as the team consists of certified accountants with specialisation across various industries
Precision and timeliness,
ensuring strict adherence to deadlines and zero tolerance for errors
Proactive approach,
regularly informing clients about legislative changes and optimisation opportunities
More than 20 years of experience,
servicing individual merchants, small and medium-sized businesses, as well as large corporate structures
