Accounting and bookkeeping in Georgia

A company in Georgia keeps its books under the Law on Accounting, Reporting and Audit, and the Service for Accounting, Reporting and Auditing Supervision (SARAS) collects the financial statements. Entities in the four size categories report no later than 1 October of the year after the reporting period, so the year-end close is a task for the first months of the following year. For a founder who lives abroad, the practical question is who keeps the ledgers in Georgian lari, in which standard, and who signs the statements.

When you read a profile, look for the entity types the firm handles (LLC and individual entrepreneur are the two most common here), the languages it writes in, and whether it publishes prices. Ask whether the firm files with SARAS itself and whether it works in your accounting software or its own.

Accountanty lists 43 firms in Georgia that offer accounting: 17 corporate service providers, 15 accounting firms and 11 law firms. Thirty-four are small, five medium-sized and four part of large networks. Among the languages, 41 firms work in English, 28 in Russian and 24 in Georgian. IT is the sector named most often, followed by real estate and crypto. Most are in Tbilisi; the Georgia guide covers the legal side of setting up.