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June 22, 2020

Sberbank has launched online accounting for entrepreneurs

June 22, 2020, Moscow — SBER Solutions (part of Sberbank ecosystem) has launched an online service for individual entrepreneurs Accounting for Individual Entrepreneurs.

This new bookkeeping service helps individual entrepreneurs to calculate and pay all mandatory taxes and charges in time as well as correctly generates tax returns and sends them to tax authorities. This new service also reminds entrepreneurs (by email or SMS) of upcoming reports and suggests options for reducing tax payments.

Anatoly Popov, Deputy Chairman of Sberbank Board, Chairman of SBER Solutions Board of Directors, noted:
"We live in the age of automation: hundreds of routine things, which until recently took a huge amount of time, effort, and stress, are now done in the background without our participation. Bookkeeping is one of these things as it entails standard operations that algorithms do very well. The service Accounting for Individual Entrepreneurs has been introduced as part of our mission to rid entrepreneurs of everything that does not add value so that they can devote themselves fully to the strategic and tactical issues of business management without getting bogged down in the details of operational processes."

Natalia Podvoyskaya, CEO of SBER Solutions in Russia and the CIS, noted:
"Our new service will help individual entrepreneurs resolve most of the issues arising when conducting and developing a business. This service calculates all mandatory payments (tax, social insurance contributions, sales tax) automatically, generates tax returns based on uploaded data, makes payments from Sberbank current accounts, points out the operations that are taxed, and those that are not. This new service will help our clients to save time on accounting and focus on the development of their business."

The service is available to registered Sberbank Business Online users, can be used by entrepreneurs who do not have staff and operate under the simplified taxation system (STS 6%).
PJSC Sberbank is the largest bank in Russia and one of the leading global financial institutions. Sberbank accounts for about a third of the assets of the entire Russian banking sector. Sberbank is a key lender for the national economy and holds the largest share in the deposit market. PAO Sberbank's main shareholder is the Russian Federation represented by the Russian Ministry of Finance, which owns 50% of Sberbank's share capital plus 1 voting share. The remaining 50% minus 1 voting share is owned by Russian and international investors. Sberbank services are used by customers in 18 countries. The bank has the largest branch network in Russia, consisting of 14,000 service points. The bank's foreign network consists of subsidiaries, branches, and representative offices in the UK, USA, CIS, as well as Central and Eastern Europe, India, China, and other countries.
The bank operates under Bank of Russia General License for banking operations No. 1481.
Website — www.sberbank.com (Sberbank Group website), www.sberbank.ru

SBER Solutions is the first company to have introduced business process outsourcing in Russia and the CIS (the company was established on the basis of Intercomp Group, which was founded in 1994). We have been working for 25 years with private and public organizations in various industries. Throughout that time, we have gained unique experience that allows us to provide our clients with the best range of services, high-tech products, and innovative solutions, which help businesses grow. SBER Solutions is part of the Sberbank ecosystem and is a worldwide outsourcing leader.
Website — sber-solutions.ru