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Public institution (VšĮ) accounting

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Public institution (VšĮ) accounting demands specific expertise. We make sure your VšĮ’s records are kept transparently, accurately, and on time. We work responsibly, so you can focus on your mission.

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About services - public institution (VŠĮ) accounting

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QUESTIONS?

Discuss your needs today

Contact us for a free consultation to discuss how we can help you

Why choose us?

ELV Projects are professionals and enthusiasts in their field and can help you with a wide range of issues. We take care of company accounting throughout Lithuania and remotely.

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Helping businesses grow

We solve accounting challenges for different companies.

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Many years of experience

In our 11 years of existence, we have served more than 300 different businesses.

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Putting the customer first

We listen to our customers’ needs, advise them and solve problems.

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Operational decision system

We take care of your bookkeeping without holidays! Contact us the same day.

The process of providing accounting services

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A frank conversation

We get to know the client’s situation, understand their wishes and expectations.

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Situation analysis

We analyse the client’s situation and provide the best solution.

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We make an offer

We provide a cooperation offer, take over the documents.

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We care about you

We take care of the client’s bookkeeping and advise on business issues.

Our customers speak for us

GET A QUOTE

Put your company’s bookkeeping in the hands of professionals!

Frequently asked questions

Can a VšĮ have employees, and does the accounting differ?
Yes, a VšĮ can employ staff. Payroll accounting follows the usual rules under the Labour Code and tax law.
Is it necessary to outsource VšĮ accounting to professionals?
It's not mandatory, but it's highly recommended — VšĮ accounting has its own particulars, so even for low-volume activity it pays to make sure everything stays correct and transparent.
What if the VšĮ has no income but still incurs expenses?
Accounting must still be maintained — it's important to record every expense accurately and reflect it properly in the financial statements.
Can a VšĮ run commercial activity?
Yes, but any revenue generated must be used to fulfil the activities set out in the institution's statutes — not distributed as profit to founders or managers.
Is a VšĮ required to prepare an annual activity report?
Yes — every VšĮ must prepare an annual activity report and file it with the Centre of Registers alongside its financial statements.

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