Ongoing accounting and reporting
What is bookkeeping and why is it important?
Bookkeeping is the foundation of all business operations. It involves recording all business transactions — income, expenses, purchases, sales, salaries — so that you get an accurate picture of the company’s finances.
All businesses, including sole traders, are legally required to keep books. But bookkeeping is not only an obligation — it is also a powerful tool for understanding, managing, and developing your business.
At Mika Ekonomi, we ensure that bookkeeping is carried out continuously, digitally, and correctly — and that you as a business owner actually gain insights from your numbers, not just a stack of papers for the Swedish Tax Agency.
What does ongoing bookkeeping involve?
Ongoing bookkeeping means that all business transactions are recorded in chronological order, as close in time as possible to when they occur. This includes, for example, customer invoices, supplier invoices, receipts, payments, salaries, and purchases.
We help you:
• Digitize your receipts and invoices
• Match payments with invoices
• Reconcile bank accounts, tax accounts, and cash registers
• Keep track of accounts receivable and accounts payable
What is a voucher?
Every business transaction must be supported by documentation — a so-called voucher. This can be a receipt, invoice, bank statement, or other documentation.
The voucher must show:
• Date
• Amount
• What the transaction concerns
• Sender/recipient
We help you collect and structure all vouchers so that your bookkeeping complies with accounting legislation and is easy to follow up.
What is VAT and how is it reported?
VAT (Value Added Tax) is a tax that you as a business owner add to your goods and services. You pay VAT to the Swedish Tax Agency, but you may also deduct the VAT you pay when purchasing goods or services.
VAT rates:
• 25% (most common — e.g., consulting services, goods)
• 12% (food, restaurants, hotels)
• 6% (books, newspapers, public transport)
Example:
You sell a service for SEK 10,000 + 25% VAT = SEK 12,500.
You purchase materials for SEK 4,000 + 25% VAT = SEK 5,000.
You pay SEK 2,500 – 1,000 = SEK 1,500 to the Swedish Tax Agency.
We ensure that your VAT is reported correctly — monthly, quarterly, or annually depending on what suits your business.
What are a balance sheet and an income statement?
The income statement shows how the business performed during a period — income minus expenses. The balance sheet shows the company’s financial position at a specific date — assets, liabilities, and equity.
Example:
• Income statement: shows whether you made a profit or loss
• Balance sheet: shows how much money you have, what you owe, and what remains for the owners
We help you understand the reports so you can make good decisions based on them — not just save them for tax filing.
Why is accurate bookkeeping so important?
✔ You comply with legal requirements and avoid fines
✔ You gain control over the company’s finances
✔ You can present credible figures to banks, investors, or landlords
✔ You can make better decisions regarding pricing, purchases, and growth
At Mika Ekonomi, we work with modern digital tools and strong professional pride. We ensure that your accounting is accurate, up to date, and valuable — not just something done because it has to be.