Accounting for product manager

Accounting for the Product Manager: A Product Manager (PM) is a specialist responsible for managing the product lifecycle, from concept to launch and further development. The PM’s role includes analysing the market, defining product requirements, liaising with design, marketing and sales teams, and monitoring product performance after implementation.

Activities performed by the Product Manager:

  • Defining product strategy: Creating the product vision and strategy based on market analysis and customer needs.
  • Product life cycle management: Planning and overseeing the stages of product development from conception to launch and further development.
  • Collaborating with teams: Coordinating activities between technical, marketing, sales and design teams.
  • Market and competition analysis: Conducting market research, analysing competition and market trends.
  • Requirements definition: Defining product requirements and technical specifications.
  • Monitoring and reporting: Tracking product performance, analysing sales results and customer feedback and reporting progress to management.

Specific accounting aspects for the Product Manager:

  • Legal analysis of contracts: We employ legal counsel in our office, which allows us to offer a comprehensive legal analysis of service contracts. This is crucial for Product Managers, who often enter into and negotiate project contracts.
  • Tax optimisation: Product Managers can benefit from a preferential flat rate on income of 8.5%, which significantly reduces tax liabilities and promotes efficient financial management.
  • Project cost accounting: We keep detailed records of project costs, which is crucial for budget management and reporting.

Our strengths:

Experience: We have extensive experience in dealing with Product Managers and project companies in a variety of industries, which allows us to effectively support our clients.

Knowledge of regulations: We are up to date with current tax and legal regulations, which guarantees professional advice and risk minimisation.

Multilingual team: We offer support in English, Russian and Ukrainian, which is particularly important for Product Managers working with foreign clients.

Individual approach: We provide each client with an individual approach, tailored to their specific needs and requirements, allowing us to maximise the available tax benefits and optimise costs.

Tax advice: as tax advisors, we are qualified to advise on the choice of the correct flat rate on income

Our accounting office offers comprehensive accounting and advisory services for Product Managers. With our experience and expertise, Product Managers can focus on effective product lifecycle management, confident that their finances and contracts are in good hands.