Finance and Accounting

Finances are the lifeblood of every business. FRISTA is a superior provider of full range financial support, including General Ledger (GL), Accounts Payable (AP) and Accounts Receivable (AR) accounting, all provided in accordance with international standards.

General Ledger Accounting

In any industry, professional bookkeeping services are the basis for long-lasting business success. They provide an opportunity to maximise the profit and minimise the risks. GL Accounting and Bookkeeping Services in FRISTA include managing financial records such as monthly statements, while we also provide tax services and year-end audit support.

For our clients’ benefit, we supervise:

ledgers, according to accounting law, international financial reporting standards and to all provisions of the commonly accepted accounting principles and group policies;
maintaining and ensuring the accuracy of the register of fixed assets;
preparing declarations and providing accurate and timely clearance of income tax, value-added tax, social and health insurance contributions and other tax payables to all the above including representing the company in contacts with tax authorities and public entities.

We create the regular and annual financial statements according to accounting law, international financial reporting standards and group policies, supervising all operations necessary for their approval and publication as well as the handling of the audit performed by a statutory auditor.

Our GL team consists of experienced and highly-qualified accountants with extensive knowledge and experience in handling records for large international corporations.

Ambition is the fuel that drives our hard work and enables us to perform as a true competence centre. FRISTA experts deliver high-quality and prompt accounting and bookkeeping services in a cost-effective manner. This is the key to delivering added value for our clients.

Accounts Payable

All activities in the field of Accounts Payable, when effectively performed, can help to save time, money and streamline processes. FRISTA provides full support for companies of all sizes enabling our clients to concentrate on the core business strategy. FRISTA specialists contribute to lower processing costs, improved controls, higher service levels and greater business intelligence.

We deliver customised services that let you control the expenditure patterns as well as the demand for special privileges from vendors in the form of price or volume discounts.

We monitor the bank accounts’ returns and provide comprehensive invoice handling and entry of cost invoices.

We adopt the very best practices within Accounts Payables by processing your purchase invoices in good time, using digital-led technologies and moving towards a paperless processing environment in accordance with Lean principles.

Accounts Receivable

Cash flow is the key to a company’s survival, as it determines the quality of income. Therefore, to meet the most ambitious goals, any organisation must be fully equipped with the most effective Accounts Receivable (AR) and collections processes. FRISTA provides you with more cash and fewer slow payers, hassle-free.

We convert your AR process into a business function that can be optimised and lead to enhanced customer satisfaction. Our services facilitate prompt invoice generation, thereby enabling dispatch of weekly or monthly statements on client-specified dates as well as managing customer invoices. We provide Accounts Receivable reconciliation services, using our experience in different types of security of your receivables as well as technical solutions in SAP to manage the flow of invoicing and collecting.

This combination of exceptional skills will generate savings on collection agency fees as well as costs of maintaining in-house collection activities.

Collections

Keeping the balance between maintaining perfect customer relationships and dealing with invoice collection requires considerable effort, not to mention exceptional interpersonal skills.

Our specific goal here is to ease the burden on you and to maintain this balance as effortlessly as possible. FRISTA intercepts the process for monitoring a debt, regularly communicating with the customer and collecting final payments with minimal impact to the customer relationship.

In-depth knowledge of the specifics and complexity of the franchise business model is the main advantage of FRISTA accounting specialists.