Accounting

Statutory obligation or economic value?

Accounting is often perceived as a dull and dry subject, lacking interest and is not something companies want to invest in. This is partly because maintaining accounting records is a statutory obligation for all companies, regardless of their legal form, and is seen as providing value only to authorities and tax administration. But can an accountant and accounting reports offer something more?

Accounting produces valuable information for company management about the composition of the business. The income statement shows how revenues and expenses are distributed over the review period, while the balance sheet reflects the company’s assets, equity, and liabilities. Well-managed accounting is not just a statutory requirement but, above all, a tool for business success, growth, and informed decision-making.

Outsourced accounting

There are no statutory qualification requirements for accountants regarding the preparation of accounting records. An entrepreneur may maintain the accounts themselves or outsource the task to an accounting firm. Although there are no legal qualification requirements for those preparing accounts, accounting is governed not only by the Accounting Act and related regulations but also by various tax laws such as the Value Added Tax Act, Income Tax Act, and the Act on the Taxation of Business Income. Additionally, different company forms and the laws and regulations governing them define the requirements for accounting.

Support for every stage of your company’s growth

At Tuokko, we understand that a company’s needs change at different stages of its lifecycle. For a start-up, the most important thing is to establish a solid foundation and have up-to-date information on cash flows, while in the growth phase, the focus shifts to financial planning and reporting. An established organization, in turn, needs support for development, tax optimization, and potential corporate restructuring. We stand by our clients at every stage—supporting and financial consulting the company according to its own objectives.

Accounting from people to people

Tuokko’s accounting services are delivered using modern systems such as Netvisor and Procountor, which enable real-time and transparent financial management. Reports are always available to you regardless of time and place, and a shared financial management platform ensures smooth information exchange between the company and the accounting firm. Real-time financial data helps make better decisions and can significantly impact, for example, obtaining loans or other business arrangements.

Each client has a designated personal expert who knows your business and responds to questions quickly and clearly. Behind the scenes, the entire Tuokko expert network is available, offering expertise in taxation, auditing, financial planning, and international matters. We provide consulting and advising, whether it’s about developing the company, supporting growth, or optimizing taxation.

Tuokko’s services are always flexible and tailored to your company’s needs. The accounting service can be complemented with broader financial management solutions, such as controller services or special management reports. In international situations, you also have the support of our Praxity Global Alliance network, through which you can get help with cross-border issues and foreign business environments.

At Tuokko, accounting is not just about reporting the past but also about providing a view to the future. We want to be a reliable partner who grows together with your company.

Why choose Tuokko as your accounting partner

Personalized Service – You get a designated expert who knows your company and is easily reachable when you need advice or support.
Extensive Expert Network – You have access to all of Tuokko’s expertise: professionals in accounting, taxation, auditing, financial planning, and corporate restructuring.
Modern Systems – We utilize modern electronic solutions such as Netvisor and Procountor, which enable real-time and transparent financial management.
Support for Growth and Development – Our services adapt to the different stages of your company’s lifecycle and can be expanded as needed.
International Expertise – Through our Praxity Global Alliance network, you also receive support for international situations.