Payroll accounting you can rely on

Payroll accounting is a constantly evolving area – legislation is frequently updated, new requirements are introduced, and processes become more complex as companies grow or expand into foreign markets. This business environment creates challenges for both local and international organisations, which must ensure compliance with differing requirements while quickly adapting to a changing regulatory landscape.

Payroll accounting requires accuracy, continuous monitoring of legislative changes, and well‑structured processes. Our team supports companies by ensuring smooth, timely, and legally compliant payroll calculations, reducing administrative burden and allowing management to focus on core business activities.

We work with companies of all sizes across various industries, from small businesses to international groups. Our long‑standing experience enables us to offer reliable and practical solutions that help clients avoid errors and manage payroll‑related processes more efficiently.

Payroll services are provided by qualified specialists with experience across different sectors. Our team works with a range of accounting, HR, and payroll systems (including Navision, Rivile, Debetas, Vikarina, Directo, and others), allowing us to seamlessly integrate into clients’ existing systems.

We take full responsibility for the quality of our services, guarantee professionalism and expertise, and ensure complete confidentiality of all data.

Image

As part of solutions, we can support you with the following:

  • Payroll accounting;
  • Wage and payment of advance data preparation for e-banking;
  • Sending out payslips to employees by e-mail;
  • Accounting for accrued vacation pay;
  • Accounting and declaration of tax related to payroll accounting;
  • Accounting of salaries for internal use;
  • Export of data related to wage costs and liabilities, vacation reserve data to software, for accounting and bookkeeping;
  • Accurate information on each employees payment of wages;
  • Historical payroll data collection;
  • Regular updates on important payroll-related regulations changes;
  • Consultations on payroll accounting issues;
  • Prompt response to all queries.

 

Our Payroll Accounting

Payroll calculation

We ensure accurate and timely calculation of salaries, bonuses, holiday pay, and other payments in accordance with applicable legislation.

Payroll declarations and statistical reports

We prepare and submit all payroll-related declarations.

Payroll reports and related documentation

We prepare comprehensive payroll reports for management and internal use, tailored to the specific needs of your organisation.

Payroll and HR advisory

Our experts provide advice on all matters related to payroll accounting.

Why outsource payroll service from us?

Payroll can be a significant cost for the company by consuming a lot of time and investments to payroll software. It also requires staying top of legislation that can be change quite frequently. When you leave payroll to Grant Thornton Baltic, you can rest assured that:

  • Payroll is always done correctly and on time. We have several accountants working for your company’s payroll to ensure the delivery and best quality, and we’ll never miss a deadline due to anyone’s illness or absence.
  • Payroll data will never leak. We use secure state-of-art technologies for providing payroll service and the information exchange is always password-protected.
  • Personal data processing requirements are always followed. Payroll also covers the processing of extensive personal data. We are able to ensure that the processing, recording, storage, transmission, disclosure or destruction of personal data is in accordance with applicable requirements.
  • Payroll accounting is performed in line with legal requirements. We keep up to date with amendments to taxation and labour law and update our payroll software accordingly. This means no additional time or expenses for you.

Other related services:

We offer an extensive range of professional Accounting Outsourcing Services and Solutions, customized to address the needs of both big and medium-sized companies.

We offer clients a broad range of fully integrated corporate tax services as well as advise on all aspects of Lithuanian, EU and international taxation.

Our legal advisors can assist company's with day-to-day activities and also provide the full range of business law services for both national and international clients.

We offers services such as corporate finance advisory, analytic and forensic technology, anti-fraud consulting, anti-money laundering consulting, business valuation, capital projects consulting, financial due diligence.