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Accounting outsourcing and financial management services in Colombia

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At UR Global, we have a highly qualified Accounting and Financial Outsourcing department established in Colombia, supported by a network of our own offices in 11 countries, leaders in accounting advice for foreign companies in local operation.

Within the framework of subsidiary management, we are in charge of the comprehensive outsourcing of the accounting and financial processes required by the operation in Colombia, guaranteeing that the parent company maintains total financial visibility through Management Reports (Reporting Packages) under international standards (IFRS/IFRS). This allows the headquarters to quickly resolve any requirement related to local regulations or corporate regulations.

To do this, we have specialists who know in depth both the Colombian regulatory framework (including the guidelines of the Central Board of Accountants and the Superintendency of Companies) and the current tax agreements, which allows us to manage accounting monthly, ensure the integrity of financial information and facilitate Audit or Fiscal Review processes adapted to each company.

Experts in tax and accounting management and advice in Colombia

UR Global is consolidated with more than 25 years generating value strategic for companies that operate in international markets. Our technical trajectory has allowed us to develop a deep knowledge of the Colombian business environment and design solutions for the specific challenges faced by subsidiaries and branches of foreign companies.

More than 600 companies in different countries trust us for the tax and accounting management of their subsidiaries. In Colombia, we accompany companies from strategic sectors in the rigorous compliance of their tax obligations and in making financial decisions. based on data analytics and regulatory compliance (Compliance).

Our local team in Colombia combines practical experience in subsidiary management with an updated and rigorous approach to the legislative dynamics of the DIAN, offering comprehensive advice from the operational onboardinguntil the consolidation and maturity of the company in the country.

Sectors in which we work
  • Companies in the energy sector and renewable energy and energy transition (Law 1715), photovoltaic, including developers, construction companies, engineering companies and investment funds.
  • Automotive companies, digital marketing agencies, technology consultancies, franchises and distributors of B2B industrial products.
  • Online business models (e-commerce), telemedicine, fintech, insurance, brands with presence in retail channels and global services Hubs.

Types of companies we manage

Advisory Services

We work with companies that require comprehensive administrative and accounting back-office management (BPO), as well as those with an in-house department that need technical supervision, regulatory compliance, external reviews, and specialized advice. If you are looking for tax and accounting advisory and management services in Colombia, please contact us. UR Global will provide personalized support.

Management Services

We tailor our services to both companies launching operations in Colombia that need support with legal setup and incorporation, and established businesses seeking a team with a deeper understanding of the complexities of cross-border taxation and the standardization of processes and reporting between parent companies and subsidiaries.

Tax and accounting advisory services in Colombia

Our tax and accounting consulting services are provided in a timely manner and include:

  • Advice on tax and accounting matters under International Standards (IFRS/IFRS) and Current Local Regulations.
  • Timely compliance with tax obligations and advanced management of the Electronic Billing and Payroll Ecosystem.
  • Attention to corporate obligations regarding the payment of national and territorial contributions (ICA, ReteICA and contributions to organizations
  • Monthly generation of management Reporting Packages, Balance Sheet and Cash Flow analysis projected.
  • Analytical accounting by cost centers, production or specific projects.
  • Treasury Management and Bank Reconciliation Automated international taxation to optimize flows between the parent company and the subsidiary, technically the Agreements to Avoid Double Taxation (CDI) and precisely defining the billing concepts and operationalization mechanisms most appropriate for the efficiency of the business group. productive in Colombia, ensuring the reconciliation between physical reality and accounting records under IFRS.
  • Technical and bilingual dialogue between the administrative team in Colombia and the headquarters, taking advantage of our robust local and global structure for borderless management.

Modality for companies with internalized accounting

For companies that already have an internal accounting team in Colombia, we offer a form of Accounting Audit that complements their operation without duplicating functions.

This service includes the technical determination of tax obligations, advice on cross-border taxation and the execution of technical committees with management reports aimed at mitigation of sanctioning risks, ensuring the accounting integrity of the period.

Our technical and recurring supervision work with each client provides security, operational control and expert knowledge that optimizes strategic decision-making with solid technical support.

Services included in accounting advice for companies with internalized accounting

  • Audit of compliance with current tax obligations in Colombia.
  • Technical validation of advance payments, withholdings and periodic definitive statements. 
  • Verification of the integrity and traceability of auxiliary accounting records. 
  • Supervision of the VAT ecosystem (Generated and Deductible) under electronic deductibility standards. 
  • Validation of nominal income, purification of tax bases and consistency in applicable withholdings. 
  • Tax and accounting reconciliations. (including the Tax Reconciliation report – Format 2516).
  • Periodic determination of the tax burden borne by the company. 
  • Permanent technical consulting and support regarding regulatory changes to the Tax Statute.

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