A detailed AS LEGATT update explaining the practical impact for businesses in Serbia, with preparation steps, controls and management recommendations. This guide explains how to organise responsibilities, documentation and internal controls so that compliance supports, rather than interrupts, day-to-day operations.
Why the process matters
Reliable business administration connects the underlying transaction, supporting documents, accounting treatment and tax consequences.
A practical procedure should specify who prepares the data, who reviews it, who authorises the final action and where evidence is stored. Internal deadlines should be earlier than statutory deadlines, and exceptions should be documented rather than handled informally.
- Assign a responsible person and a backup.
- Use a short control checklist before submission or payment.
- Reconcile records with an independent source.
- Keep proof of approval, submission and payment.
Responsibilities and deadlines
Assign a process owner, an internal review date and a backup person for every important obligation.
A practical procedure should specify who prepares the data, who reviews it, who authorises the final action and where evidence is stored. Internal deadlines should be earlier than statutory deadlines, and exceptions should be documented rather than handled informally.
- Assign a responsible person and a backup.
- Use a short control checklist before submission or payment.
- Reconcile records with an independent source.
- Keep proof of approval, submission and payment.
Documentation and audit trail
A third party should be able to understand what was done, why it was done and who approved it.
A practical procedure should specify who prepares the data, who reviews it, who authorises the final action and where evidence is stored. Internal deadlines should be earlier than statutory deadlines, and exceptions should be documented rather than handled informally.
- Assign a responsible person and a backup.
- Use a short control checklist before submission or payment.
- Reconcile records with an independent source.
- Keep proof of approval, submission and payment.
Reconciliation and control
Compare at least two independent sources, such as software records, bank data, contracts or official portals.
A practical procedure should specify who prepares the data, who reviews it, who authorises the final action and where evidence is stored. Internal deadlines should be earlier than statutory deadlines, and exceptions should be documented rather than handled informally.
- Assign a responsible person and a backup.
- Use a short control checklist before submission or payment.
- Reconcile records with an independent source.
- Keep proof of approval, submission and payment.
Risk management
Resolve discrepancies before filing, payment or management reporting rather than after an external review.
A practical procedure should specify who prepares the data, who reviews it, who authorises the final action and where evidence is stored. Internal deadlines should be earlier than statutory deadlines, and exceptions should be documented rather than handled informally.
- Assign a responsible person and a backup.
- Use a short control checklist before submission or payment.
- Reconcile records with an independent source.
- Keep proof of approval, submission and payment.
Periodic improvement
Review procedures when regulations, software, staff or business volume changes.
A practical procedure should specify who prepares the data, who reviews it, who authorises the final action and where evidence is stored. Internal deadlines should be earlier than statutory deadlines, and exceptions should be documented rather than handled informally.
- Assign a responsible person and a backup.
- Use a short control checklist before submission or payment.
- Reconcile records with an independent source.
- Keep proof of approval, submission and payment.
How AS LEGATT can help
AS LEGATT helps clients connect accounting, tax, administration and internal processes into one transparent system. Support is adapted to the company’s size, activity and existing way of working—from a review of a specific issue to implementation of procedures and recurring controls.