Service
Bookkeeping for Flat-Rate Entrepreneurs in Serbia
For flat-rate entrepreneurs in permitted activities. Before starting, we review the activity, turnover, domestic and foreign clients, SEF status and proximity to the flat-rate and VAT thresholds.
A flat-rate entrepreneur keeps a KPO turnover record, monitors the 6,000,000 RSD flat-rate limit for the calendar year and the 8,000,000 RSD VAT threshold for the previous 12 months, and pays tax and contributions under the Tax Administration decision. The service includes KPO records, turnover monitoring, SEF work when applicable and answers to current bookkeeping questions. The monthly fee starts at 6,900 RSD.
Who it is for: For flat-rate entrepreneurs in permitted activities. Before starting, we review the activity, turnover, domestic and foreign clients, SEF status and proximity to the flat-rate and VAT thresholds.
What the service includes
- Keeping the KPO book (record of realised turnover) in order and in line with regulations
- Monitoring the 6,000,000 RSD flat-rate limit for the current calendar year based on recorded turnover
- Monitoring the 8,000,000 RSD VAT threshold for the previous 12 months
- Issuing and processing e-invoices through SEF when the obligation applies
- Tracking and recording paid flat-rate tax and contributions and checking the Tax Administration decision
- Deadline reminders, including the monthly payment due by the 15th and the flat-rate application deadline of 31 October
- Advice on when it pays to switch to keeping books, to a personal salary, or to enter the VAT system
- Email and phone support for current bookkeeping questions within the agreed scope
How we handle it
- 1
Getting to know your business and taking over
We review your activity, the Tax Administration decision on your flat-rate status and your turnover records so far. We agree on how you will send us payment and invoice data, simply and without paperwork.
- 2
Setting up the KPO book and SEF
We set up an orderly KPO book and, if you work through the System of Electronic Invoices, we configure issuing and processing of e-invoices on SEF. Everything starts from a clear baseline.
- 3
Monthly bookkeeping and limit tracking
Through the year we record every receipt in the KPO book and track how close you are to the 6,000,000 RSD limit and the 8,000,000 RSD VAT threshold. You always know where you stand.
- 4
Deadlines and payments
We follow the tax calendar and remind you of the monthly tax and contribution payments due by the 15th, as well as other deadlines. You just make the payment, we keep an eye on the dates.
- 5
Timely advice on switching
When recorded turnover approaches a threshold or the business changes, we compare keeping books, personal salary and VAT registration based on the available data.
Frequently asked questions
Bookkeeping for flat-rate entrepreneurs with us starts from 6,900 RSD per month. That package covers keeping the KPO book, tracking limits and deadlines, calculating flat-rate tax and contributions, processing e-invoices through SEF, and email and phone support. The final price depends on the scope of work and your activity, so contact us for an exact quote.
Mandatory VAT registration arises when relevant turnover in the previous 12 months exceeds 8,000,000 RSD. The flat-rate conditions are checked separately by activity, VAT status and turnover in the calendar year. We monitor both figures from the documents supplied to us.
KPO is the turnover record kept by a flat-rate entrepreneur. Revenue from sold products and services is recorded from business documents, while expenses are not entered.
A comparison is useful when turnover approaches the flat-rate limit, deductible expenses increase or the activity changes. The result depends on revenue, expenses, contribution status and planned growth, so the regimes should be compared using the actual figures.
Looking for a bookkeeping provider?
Send your legal form, headcount and approximate monthly document volume so we can review the required scope.