Why We Differ from Other Accounting Agencies?
We use Abacus, a software developed within our company, which provides exceptional efficiency and precision in managing your accounting processes. This advanced tool is not only part of our internal use, but is also utilized by many other accounting agencies, confirming its reliability and broad application.
Bencom offers a wide range of accounting services, covering everything from daily document processing to complex financial analyses and reports.
Our Services Include
General Ledger Management
We accurately manage all your financial records and analytical data to ensure precision and transparency in every aspect of your business.
Inventory Management
We efficiently track and control the flow of your inventory to optimize resources and reduce costs
Management of Fixed Assets, Tools, and Inventory
We conduct detailed analyses and maintain records of your assets to help you maximize the use of your resources.
Management of Customer and Supplier Analytical Records
We continuously monitor your obligations and receivables, ensuring timely and efficient management of financial transactions.
Management of Service Invoicing
Our team carefully processes all your invoices, guaranteeing accuracy and timeliness in every financial transaction.
Preparation of Electronic Banking Orders
We enable fast and secure execution of all banking transactions, saving you time and resources.
Management of Employee Personnel Records
We maintain comprehensive records of employees and calculate all types of their compensation, simplifying human resource management.
Preparation of Various Types of Tax and Accounting Reports
We provide all necessary reports, aligned with International Financial Reporting Standards (IFRS) and the laws of Montenegro, ensuring your business’s full legal compliance.
Preparation and Submission of Financial Reports for Banks or Special Reports
We provide all necessary information to meet the requirements of your financial partners.
Communication and Cooperation with the Tax Administration
We actively collaborate with tax authorities to ensure that your business is always in compliance with the latest tax regulations.
Presentation of Business Documentation and Reports to Auditors and Relevant Government Authorities
We provide support during audits and inspections, ensuring that your business meets all regulatory requirements.
Mobile Application
Our innovative mobile platform, Abacus Reporting, allows you to monitor all aspects of your business in real time, providing you with maximum control and transparency.
Why Choose Us?
By choosing Bencom, you gain a partner who not only understands the specifics of your business but also offers personalized services aligned with your business goals. Our clients enjoy benefits that include:
A team of experienced accountants who guarantee accuracy and reliability
Access to modern accounting software and tools
Proactive consulting for improving financial performance
Constant availability and support in all aspects of financial management
Bencom’s Different Approach
At Bencom, we believe that quality accounting is the foundation of a successful business.
Our approach is characterized by:
An individualized approach to each client
Integration of accounting services with consulting for growth and development
Engagement in educating clients about new legal regulations and practices
Utilization of innovative technologies for efficient financial management
How Will You Monitor Our Work and Stay Updated on All Aspects of Your Business?
Abacus® Reporting
Abacus Reporting is an advanced reporting and analysis module designed to provide efficient and controlled management of information from the Abacus business software, accessible via a web interface or Android mobile application. This module has been developed with a special focus on adaptability to management requirements at all levels of resource management, ensuring that it is beneficial for businesses across various industries with diverse needs.
One of the key advantages of the Abacus Reporting system is its ability to generate reports based on real-time, current data. This allows users to have an accurate and up-to-date insight into the financial and operational status of their business systems at any moment, thereby enhancing decision-making based on reliable information.
Additional Advantages Include:
Interactive Dashboard
Users are provided with interactive dashboards that allow for quick and efficient viewing of key business performance indicators in real time.
Customized Reports
The ability to customize reports according to the specific needs of the user, including the selection of parameters, filters, and data displays that best meet the needs of the individual or team.
Automated Reporting
Automatic updating of reports based on the latest available data, reducing the need for manual entry and ensuring that all information is always current.
Data Security
High data security standards ensure that your information is protected from unauthorized access and compromise.
Ease of Access
Whether you are in the office or in the field, you can access your reports from any device that supports web browsers or through a specially designed mobile application.
Decision Support
Integration with analytical tools that help users draw meaningful conclusions from complex data sets, ultimately contributing to better strategic planning and performance management.
Abacus Reporting is designed to provide not only the key information needed for daily management, but also to enable deeper insights into trends and optimization potentials, making it an invaluable tool for any business aiming to maximize efficiency and profitability.
Learn More About the In-House Product
Bencom Collaboration Process – Clarity and Precision at Every Step
At Bencom, we are dedicated to establishing a clear and efficient collaboration process with our clients.
How do we ensure that all your financial needs are met in a timely manner and in accordance with the law?
Here’s what our journey will look like:
Document Submission
As our client, you are expected to submit all relevant documentation within the agreed timelines. This allows our team to conduct thorough checks and ensure that everything is in compliance with current regulations.
1
Verification and Control
Once we receive the documentation, our task is to verify its accuracy and completeness. If there are any ambiguities or deficiencies, we will contact you immediately to ensure that all necessary information is completed.
2
Recording of Business Transactions
In accordance with IFRS and the laws of Montenegro, we will record all your business transactions in the general and subsidiary ledgers of your company’s financial operations. Naturally, we will only record documentation that complies with regulations.
3
Preparation of Reports and Calculations
We prepare all necessary reports and calculations in accordance with legal deadlines, provided that the previously verified documentation was submitted on time. Our goal is to ensure that all financial obligations are transparent and fulfilled promptly.
4
Consulting and Guidance
We regularly inform you about all new and existing legal regulations that may impact your business. We provide you with advice and guidance on best practices, enabling you to make informed decisions that are in the best interest of your business.
5
Decision-Making and Direction
The final decision on the direction your business will take is always yours. Our task is to equip you with all the necessary information and expert advice, but you decide how to implement that advice in practice.
6Our approach is designed to ensure that every aspect of your financial management is handled with the highest level of professionalism and precision. At Bencom, your success is our priority, and we are committed to providing you with the support needed to achieve your business goals.
Special Offers and Customized Collaboration Packages
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Enjoy the benefits of electronic banking and document submission. All necessary transactions and documents are available to you at the click of a button, without the need for a physical visit to the office.
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Our team is available online to provide quick support and answers to all your questions, saving you time and resources.
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Abacus ERP
Leverage the advantages of our ERP and POS2 systems, designed to optimize and automate your business, from inventory management to invoicing and human resources management.
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Abacus Reporting
Track your business in real-time through our advanced platform. This service allows you to receive instant reports and analyses without the need for additional inquiries or waiting for responses.
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Virtual Office
Provide your company with an address and all necessary administrative services without the need for physical space.
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Bank Statements – Sync
We automatically synchronize your bank statements with accounting records, ensuring the accuracy and timeliness of financial data.
Our Collaboration Process – Practical Examples
And how does this look in practical examples? We understand that every business is unique, which is why we offer flexible collaboration options that you can tailor to your needs. Read about the collaboration models we most frequently encounter and that our clients prefer:
Comprehensive Accounting Service:
Bencom takes over the management of the general ledger and all subsidiary books in the Abacus system. You choose the method of document delivery—whether in person, via our courier, or electronically.
Shared Responsibilities:
We manage the general ledger while you take responsibility for subsidiary books such as inventory management, invoicing, and similar tasks.
Hybrid Model:
You have your own accountant working in your office to manage the books, while we provide oversight and reporting.
Consultations and Oversight:
You manage all the books, while our role is to provide periodic oversight and expert consultations.
Specialized Service for the Hospitality Industry:
Integrate our ERP and POS2 system for more efficient management of your hospitality establishment. You can enter the data yourself or entrust the entire process to us.
Fiscalization and Invoicing:
Choose whether you want to create and fiscalize invoices yourself or leave this task to us.
Our mission is to build long-term relationships with clients based on mutual trust, which we achieve by maintaining the highest standards of ethics and professionalism in every aspect of our business.
Do You Have Any Suggestions or Questions for Us?
Write to Us or Call Us
What Is Accounting?
Are You Unsure If You Need These Services, or Do You Want to Learn More About Accounting?
Accounting can be described as the language of business, enabling us to communicate financial performance to the world. Similar to a visit to the doctor where laboratory analyses reveal our health status, accounting provides key “health reports” for our business, identifying aspects that require improvement or those that are functioning optimally.
Key Activities of Accounting:
- Data Recording: This is the foundation of accounting, where all financial transactions are recorded daily.
- Data Analysis: Detailed analysis helps in understanding financial trends and data, which is crucial for deeper insights into the business.
- Reporting: Based on the analysis, accounting provides reports that assist in making informed decisions.
Properly maintained accounting is the cornerstone of every successful business, as it provides timely information necessary for effective resource management and strategic planning.
Daily Questions Addressed by Accounting:
- How Much Has Our Business Earned So Far?
- What Would Be the Financial Impact of Introducing New Products?
- How Can We Track and Increase Profitability?
- How Can We Improve Sales of Existing Products?
Without up-to-date tracking and recording of all important accounting information, many of these questions could not be effectively addressed.
The Difference Between Accounting and Bookkeeping:
Although often used interchangeably, the terms accounting and bookkeeping actually describe different aspects of financial management.
Bookkeeping refers to the daily recording of financial transactions and is the foundation of the accounting system. Every bookkeeping activity requires documentation that confirms the transaction, whether it’s a paper invoice or an electronic receipt.
Accounting is a broader process that uses data from bookkeeping to create comprehensive reports that provide insight into the financial health of an organization. Accounting begins before and ends after bookkeeping activities, transforming raw data into useful information for decision-making.
Frequently Asked Questions
If you still have doubts or want to learn more, check out the questions that are often asked:
Can I get personalized tax advice?
Yes, our team provides detailed consultations on tax strategies tailored to the specifics of your business.
How can Bencom help in optimizing my tax obligations?
Through a detailed analysis of your financial records and transactions, we identify opportunities for tax relief and optimization.
What software do you use in your work?
Like many of our clients and distributors, we use the in-house product, Abacus. Learn more about Abacus.
Do you provide online accounting services?
Yes, we offer complete online support for accounting services, allowing clients access to their financial data in real time, regardless of location, as well as online data and document exchange.
How often will you report on the financial status of my business?
We provide monthly, quarterly, and annual reports, depending on your needs and requirements. We are also available to provide ad hoc reports for special requests or projects.
How does your agency adapt to changes in legislation?
We regularly monitor all changes in legislation that may affect our clients. Additionally, we attend professional seminars and training sessions and implement the latest practices in our work to ensure that our services are always in compliance with the latest legal regulations.
What does your tax return preparation service include?
Our service includes the preparation and submission of all types of tax returns, including VAT, corporate tax, and income tax. We also provide consulting to ensure that you take advantage of all legal benefits and reduce your tax burden as much as possible.
Can you help with restructuring my business?
How do you ensure the confidentiality and security of your clients’ data?
Confidentiality and data security are our priorities. We use advanced security measures, including data encryption, security firewalls, and regular security audits. Additionally, all our employees are bound by strict confidentiality policies that ensure your data is protected at all times.
