Accounting for a limited partnership

Providing services to a limited partnership

Limited partnerships are a legal form specific to Poland. Although their use is less than it was just a few years ago, they are still a common entity in the domestic market. They are commonly found in a mini group: a limited partnership and a limited liability company, which is the general partner.

Providing accounting services for a limited partnership (sp. k.), where at least one of its partners is unlimitedly liable with its assets, is quite a complex matter. Great emphasis in this type of business is placed on the quality of accounting information, but no less on tax reporting.

Full accounting for sp. k.

Limited partnerships are obliged to keep full accounting. For your company, we offer solutions dedicated just for this legal form, which we have developed thanks to many years of cooperation with similar companies in many industries. A team of more than 170 specialists from Aider Polska (MDDP Outsourcing) in accounting offices in Katowice and Warsaw, will provide comprehensive accounting services for your needs, including:

full-service bookkeeping,
personnel and payroll services,
management reporting to the "parent company", IFRS, etc.,
tax reporting to general partners / limited partners
comprehensive tax services ( VAT, CIT, WHT, etc.)
preparation of financial statements in accordance with the Accounting Act on IFRS.

In addition, as part of the comprehensive accounting service outsourced to us, your limited partnership can take advantage of a number of facilities to support bank payments. We can generate them based on any algorithm (on the date of payment or +/- n days from the due date), as well as enter them when it is you who deems it necessary to pay. Importantly, in accordance with the modern Continuous Accounting model, we post statements daily, not just on selected days of the week.

Handling fiscal audits and inspections

For any company, including limited partnerships, we offer to transfer the handling of audits and fiscal inspections to our premises. Thanks to the fact that all your invoices can be stored in the archives of Aider Polska (MDDP Outsourcing), financial audits will not be a hassle, and we will be able to provide the auditors with answers to any questions about your company's activities.