Finance & Accounting

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Finance and accounting

Run your business with peace of mind. Simple solutions for your business's finance and accounting, in five tiers that start with legal security and extend to the value you build.

✓ Financial statements: July 31 ✓ Document retention: 10 years ✓ Late fee: 60,000 lek

Frequently Asked Questions

Why do I have a profit, but no money in my account?

Profit is calculated on the period's revenues and expenses, even when the invoice hasn't been collected. Cash depends on actual collections and payments. You may have money tied up in unpaid customer receivables or in inventory in the warehouse. Profit vs. Cash →

How much do you need to sell to break even?

This is the break-even point: monthly fixed costs divided by the gross margin. With 600,000 lek in fixed costs and a 40% margin, you need 1,500,000 lek in sales per month. Every lek above that is profit. Calculate the break-even point →

When are the financial statements due, and what happens if I'm late?

By July 31, within seven months of the end of the year, at the QKB and after approval by the assembly. A fine of 60,000 lek is provided for failure to deposit or for delay, pursuant to Law No. 9723/2007, as amended by Law No. 7/2022. Reflections and Deadline →

Leave your accounting to us.

Accounting, financial statements, and reports showing how your business is performing as part of your monthly subscription. An external economist, without the costs of an in-house department.

✓ No obligation · ✓ Confidentiality · ✓ Response within 24 hours
Verified on October 2, 2026. The fine for failing to file the reports within the deadline is compared to Article 74, paragraph 3, of Law No. 9723/2007 “On Business Registration,” as amended by Law No. 7/2022, according to the updated text published by the QKB. The amount was corrected from 15,000 to 60,000 lek. The rest of the page remains as before.

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