Accounting outsourcing in Tashkent
Full accounting handled by professionals — without an in-house team
What is accounting outsourcing
Accounting outsourcing is the transfer of accounting and tax record functions to an external professional firm. Instead of hiring an in-house chief accountant and team, you get a team of internationally certified experts at a fixed monthly fee.
In Uzbekistan, accounting outsourcing is increasingly in demand — especially for small and mid-sized businesses, foreign offices, IT companies, startups. Main advantages: salary and infrastructure savings, no risks from one person's errors, always up-to-date expertise on changing legislation.
Leader Audit provides the full spectrum of accounting services — from small company bookkeeping to supporting large holdings with branches and subsidiaries. We work under NAS and IFRS, perform statement transformation, payroll calculation and HR records.
Who's a fit for accounting outsourcing
- Small and mid-sized business — cheaper than in-house
- Startups and IT companies — expertise from day one without hiring costs
- Foreign companies and representative offices — knowledge of local law
- Companies with seasonal activity — pay-as-you-work
- Those whose chief accountant has resigned — fast handover and continuation
- Companies after tax issues — accounting restoration and process setup
- Holdings with multiple legal entities — single accounting standard
- Businesses with international activity — parallel IFRS records
Bookkeeping and audit must sit with different firms
If your company is subject to a statutory audit, this matters when choosing an accounting provider. Restrictions on conducting an audit are set by Article 34 of ZRU-677, and their breach leads to exclusion of the audit organisation from the Register under Article 43.
The purpose is to prevent an auditor from reviewing the results of their own work. We therefore separate these engagements in advance: if we keep your books, your audit is performed by another firm.
How far back accounting restoration should reach
The limitation period for a tax obligation is three years (Article 88 of the Tax Code). That is the sensible horizon for restoration: those are the periods that may still be reviewed.
Earlier periods are restored where there is a specific reason — a transaction, litigation, or investor and bank requirements. Where resources are limited, work starts with reviewable periods and the areas of greatest tax risk: VAT, profit tax and payroll.
Documents during a tax inspection: what is and is not required
- paper documents are submitted as copies certified by the taxpayer itself — originals need not be handed over (Article 146 of the Tax Code);
- notarial certification of copies submitted to the tax authority may not be demanded, unless legislation provides otherwise;
- invoices registered in the electronic invoice information system do not need to be printed and submitted on paper;
- documents may be delivered in person, by registered mail, via telecommunication channels or through the taxpayer's personal account;
- during a desk audit, requesting documents and summoning the taxpayer are prohibited — except for an audit carried out for the purposes of a VAT refund (Article 138).
Thresholds worth monitoring
- an individual entrepreneur becomes a VAT payer once income from sales of goods (services) for the tax period exceeds one billion UZS, or on voluntary registration (Article 237 of the Tax Code);
- a company falls under statutory audit where the carrying amount of assets exceeds 100,000 BCV or revenue exceeds 200,000 BCV (Article 35 of ZRU-677);
- the thresholds are expressed in base calculation values, and the BCV changes: from 1 September 2026 it is 440,000 UZS instead of 412,000, so compliance must be checked annually against the closed annual statements.
What's included in accounting outsourcing
- Bookkeeping — Full accounting and tax records under NAS — all source documents, postings, registers.
- Records restoration — We restore records after data loss, accountant resignation or previous team's errors.
- Reporting — Preparation and filing of all required reports — tax, statistical, financial — within deadlines.
- IFRS transformation — IFRS reporting in parallel with NAS — for foreign investors and parent companies.
- Payroll & taxes — Salary, vacation, sick leave, withholdings, taxes and contributions for all staff, payslips.
- HR records — Workbooks, orders, timesheets, HR documents per Uzbek labor law.
- Electronic document flow — EDF setup and operation — invoices, deeds, contracts in electronic form.
- Tax consultations — Continuous support on tax matters — at no extra cost for retainer clients.
How we transition a client to outsourcing
- Acquaintance & current state audit — Analyze current accounting state, identify issues, estimate scope. 3-5 days.
- Contract & transition plan — Sign contract, NDA, agree on regulations, plan handover. 2-3 days.
- Handover — Get access to accounting system, database, documents. Restore missing items. 1-2 weeks.
- Operations start — Take over accounting, form regular reporting, set up communication.
- Continuous support — Monthly bookkeeping, reporting, Q&A, tax support.
Why Leader Audit for accounting outsourcing
- 13 years of experience in Uzbek accounting and tax records
- Team with international CAP, CIPA, DipIFR certifications
- Ministry of Finance license — guarantee of professionalism
- Liability insurance — compensation for errors
- Parallel IFRS records — for foreign investors
- Single account manager — no bureaucracy or handoffs
- Transparent contract pricing — no hidden fees
- Confidentiality — NDA with each client
Cost of accounting outsourcing
Cost depends on transactions per month, company size, employee count, accounting complexity and additional tasks (IFRS, HR records, payroll). Fixed retainer or hourly billing available. Calculation after a brief accounting state audit.
Accounting outsourcing FAQ
Is outsourcing more expensive or cheaper than in-house accounting?
For SMBs, outsourcing is almost always cheaper: you pay for actual work, not for an in-house accountant's salary + taxes + workspace + software + resignation risk. For very large companies with high transaction volumes, an in-house team may sometimes be more cost-effective.
Who is responsible for accounting errors?
Leader Audit bears full professional responsibility for service quality, backed by an insurance policy. On error, we cover fines and penalties at our expense.
Can parallel IFRS records be maintained?
Yes, we regularly maintain parallel IFRS records for companies with foreign investors or parent firms. We also transform statements from NAS to IFRS for past periods.
Is it safe to outsource accounting?
We sign NDAs with each client, work with secure communication channels, limit data access to project specialists only. In 13 years of operation — not a single data leak case.
What if my accounting is in complete disarray?
This is the most common situation when transitioning to outsourcing. We perform records restoration — recreate the database, restore missing documents, fix past errors, then take over for ongoing operations.
Primary sources
- Tax Code of the Republic of Uzbekistan, Articles 88, 138, 146, 237 — limitation period, desk audit restrictions, procedure for requesting documents, VAT payers
- Law of the Republic of Uzbekistan on Audit Activity (ZRU-677), Articles 34, 35, 43 — auditor independence restrictions and statutory audit thresholds
Related services: Statutory audit · Initiative audit · Tax consulting · VAT refund
Useful articles: ISA vs NAS in Uzbekistan: What to Choose for Your Company
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Free consultation: +998 97 410 04 47 · info@leaderaudit.uz · 12 Mustaqillik St, Tashkent.