Accounting and Financial Management

We use professional computerized accounting software for recording and keeping proper accounting records, extracting various reports and preparing financial statements. Services in this field include:

  • Book-keeping in any major currency
  • Preparation and maintenance of wages records
  • Issuance of sales invoices
  • Preparation of Financial and cash flow statements based on IFRS
  • Forensic accounting services
  • Provision of accountancy software
  • Provision of advice in accounting matters
  • Preparation of bank reconciliations

The team of Elias Christofi & Co. Ltd sees audit as more than just numbers and compliance. Our audit methodology and software are constantly reviewed to ensure that they are up-to-date with the latest changes in accounting and audit standards and regulations. Our qualified professionals are also willing to help you with any special audits that you may need as well as any special projects with regards to your company’s internal control systems. In particular, services in this field include:

  • Internal Audit Strategic Sourcing
  • Improving Internal Audit Function
  • External Audit Function
  • Data Analytics
  • Fraud Analytics
  • Risk Assessment and Management

Given the complex VAT aspects of transactions between companies within the European Union and other transactions, specialised VAT advice and guidance is necessary. Services in this field include:

  • Registering companies for VAT in Cyprus or other EU member states
  • Completion and submission of VAT returns
  • Advising clients on VAT matters and dealing with investigations and inquiries

We use professional computerized payroll software for recording and keeping proper payroll records. Services in this field include:

  • Preparation and maintenance of wages records
  • Calculation and submission of social insurance contributions to the Department of Social Insurance
  • Issuance of monthly and yearly payslips and related reports
  • Assistance in paying social insurance and related costs to the local authorities


Contact us at the Elias Christofi & Co. Limited office or submit a business inquiry online.