Accounting services

Accounting services in Serbia for entrepreneurs, small and mid-sized companies, and foreign-owned businesses that need a reliable local partner. NOTA GROUP is an accounting firm based in New Belgrade that keeps your books, runs payroll, files your tax returns, and deals with the Serbian Tax Administration on your behalf. You get one accountant who knows your business, monthly reports you can actually read, and confidence that every statutory deadline is covered, in Serbian, English, or Russian.

What bookkeeping in Belgrade includes

The core of the service is full bookkeeping under the Serbian Law on Accounting and the applicable reporting standards: general ledger, sub-ledgers for customers, suppliers, and fixed assets, tax records, and VAT calculation with returns filed on time. At year end we prepare the statutory financial statements and the corporate tax balance, and throughout the year we watch the VAT threshold, changes in your tax status, and incentives you may be leaving unused.

The second pillar is payroll in Serbia. Beyond regular salaries, we calculate fees under service contracts, author's royalties, rental income, and other personal income, prepare withholding tax returns, and handle employee registration and deregistration with the Central Registry. If you are hiring your first person in Serbia, we walk you through every employer obligation; our guide to hiring your first employee in Serbia is a good starting point.

The third pillar is support across the whole life of the company: registration with the Business Registers Agency, documentation for banks and loans, status changes, and liquidation. We also set up e-invoicing through the national SEF platform, so invoices to public sector clients and other registered users are compliant from day one.

How the process works, step by step

We start with an intake call to understand your activity, document volume, headcount, and any specifics such as imports, exports, or a foreign parent company. Based on that, we propose the scope of service and agree on how documents will flow between us.

If you are switching from another accountant, we take over the books, verify the opening balances, and reconcile your records with the Tax Administration. Most problems hide in old, unresolved items, so we do this step carefully rather than quickly.

Then we settle into a monthly rhythm. You upload invoices, bank statements, and contracts digitally; we post them, calculate VAT and payroll, file the returns, and send you a report with a plain-language comment on what happened last month and what is coming next. At year end we prepare the financial statements and tax balance and review them with you before submission.

Deadlines and obligations we track for you

The Serbian tax calendar is full of small deadlines: monthly or quarterly VAT returns, withholding tax returns for salaries, corporate income tax advances, annual financial statements for the Business Registers Agency, and the tax balance. We track all of them ahead of time and tell you early when a decision or a payment is needed from your side.

Once your turnover in any 12-month period exceeds RSD 8,000,000, VAT registration becomes mandatory. We monitor the threshold and explain in advance what VAT means for your pricing and cash flow; see our VAT registration guide for Serbia. For orientation, corporate income tax is 15%, the standard VAT rate is 20%, and the reduced rate is 10%.

Why NOTA GROUP for accounting services in Serbia

We work in Serbian, English, and Russian, which matters when the owner or director is abroad and wants to understand the numbers without an interpreter. Documents are exchanged digitally, so location is irrelevant. You have direct contact with the accountant who keeps your books, not a ticketing system. When the Tax Administration asks a question or announces an audit, we respond on your behalf and prepare the file. For strategic questions, our tax consulting team is in the same office, so bookkeeping and tax strategy stay under one roof. If you are a foreign founder, read our overview of accounting for foreign-owned companies in Serbia.

Frequently asked questions

How quickly can we start?

Usually within a few days of the intake call. If you are moving from another accountant, allow extra time for taking over the books and reconciling opening balances.

Do you work with foreign-owned companies?

Yes, this is one of our core client groups. We handle the local compliance, report in English or Russian, and explain Serbian rules in terms your head office understands. See our guide to setting up a company in Serbia as a foreign owner.

How do I send documents?

Digitally, through the channel we agree on. Invoices, statements, and contracts are sent electronically; we archive and post them. Paper originals stay with you unless the law requires otherwise.

What if my previous accountant left the books in a mess?

That happens often and we have a clear procedure: we review the state of the books, identify gaps, reconcile with the Tax Administration, and only then continue regular work. Book a consultation and bring the latest reports you have.