Accounting

The accounting services we offer mean access to professional information at the highest level, efficiency, flexibility, promptness and control.

 

We provide complete bookkeeping services consisting of:

• drawing up a customized chart of accounts based on the specifics of the activity
• entering primary documents
• preparing sales and purchase ledgers
• preparing the fixed assets register
• recording and tracking inventory
• tracking suppliers and customers
• keeping the cash register, bank registers and bank deposits
• preparing the general ledger and trial balance
• preparing semi-annual and annual financial statements
• preparing and submitting tax returns (VAT, corporate income tax, D394, D390, Intrastat declaration, environmental fund and other tax returns)
• assistance during audits by the competent authorities
• business analysis and identification of risk factors that could affect the smooth running of your business
• advice on improving performance, cash-flow analysis, budgets and forecasts

 

Accounting services are provided at our headquarters using the software applications we own, with the possibility of database access upon client request. Our accounting services use ERP-type software, offering security, efficiency and direct access to information for different users, providing flexibility and the ability to be customized according to your requirements.

The program is easy to use; you can access certain modules that interest you while staying in constant contact with our team. Various types of information can be imported directly into the system, including bank statements, invoices issued in other systems, etc. There are also a number of additional modules that can be integrated with the system depending on your location, which can streamline the accounting process and save time.

 

On-site accounting at the client’s premises

For clients who have their own financial-accounting department, we offer the following services:

• verification of primary documents and accounting records, as well as compliance with legal and regulatory requirements, information quality, risk identification and advice on eliminating them
• preparation and submission of tax returns (corporate income tax, VAT, D390, D394)
• preparation of financial statements in accordance with Romanian accounting standards or international financial reporting standards (IFRS, US GAAP)
• assistance during audits by the competent authorities
• business analysis and identification of risk factors that could affect the smooth running of your business
• advice on improving performance, cash-flow analysis, budgets and forecasts

We stand alongside your team, offering answers and solutions to all the uncertainties they face. We can participate in management meetings, providing specialized technical information, advanced financial analysis, dedicated management reports, budgets and forecasts.

 

Remote accounting

Our firm offers remote accounting services, including general ledger verification, bank statement reconciliation, analytical tracking of debts and receivables, preparation of tax returns, financial analysis, cash-flow preparation, profit and loss statements and management reports. In addition, if you need an accountant at your premises a few days a week, we can provide you with a qualified person for this position or help you recruit a suitable person, offering support as needed to ensure you have chosen the right person.

With the regulatory framework constantly changing, both locally and internationally, staying up to date with reporting requirements for financial accounts is a major advantage of using our services. For clients in the medium and large company category, as well as individual traders, we offer services for preparing and certifying individual or consolidated financial statements.

We review accounting records to ensure that the financial statements present a true and fair view of the accounts, identify risks from an accounting, financial and tax perspective, and offer solutions to prevent or remedy them. These services can be customized according to your reporting requirements.

Regardless of your account reporting requirements, we have specialized teams with experience from the BIG 4, ACCA members, who are ready to undertake this for you. Therefore, whether you are a listed company that needs financial statements prepared in accordance with International Financial Reporting Standards (IFRS) or an SME reporting in Romania, we have financial reporting specialists specific to various sectors, who are experts in preparing accounts in accordance with best practice standards for various regulated industries, including non-profit organizations.

We offer the following services:

• preparation of financial statements in accordance with Romanian financial reporting standards as well as International Financial Reporting Standards (IFRS), US GAAP or local GAAP
• preparation of financial statements for regulated industry sectors, including non-profit organizations
• preparation of financial statements in the event of company liquidation and preparation of specific reports
• preparation of merger reports
• extrajudicial expert assessments

If you are an international company trading in the Romanian market without a permanent establishment and you have VAT reporting obligations, we can keep simplified accounting records tailored to your needs and ensure that you have fulfilled your VAT reporting obligations.

Our services include:

• entering documents
• preparing sales and purchase ledgers
• preparing the VAT return
• preparing the informative declaration regarding intra-community acquisitions/deliveries of goods or services
• preparing the INTRASTAT declaration
• VAT payment formalities
• management accounting

You send us the documents and we record them and prepare the VAT return in accordance with the requirements of Romanian tax legislation.

We offer extrajudicial accounting expert assessment services requested by clients who need clarification regarding the conduct of certain transactions or in situations where there are doubts about the calculation method of certain taxes and duties.

Outsourcing your payroll service gives you direct access to specialized information, allowing you to focus on your business. Whether you have a few employees or several hundred, you have access to a complete, customized and confidential service package to save time and money. You can simply choose the level of support in the payroll process that suits you. You can be sure that our dedicated payroll team uses the latest software, ensuring speed, accuracy and efficiency.

Our specialists offer you the following services:

• preparation of employment contracts, addenda, decisions and other documents
• maintaining personnel files
• preparation of the electronic employee register (Revisal)
• collecting and reviewing information needed to prepare payroll statements
• calculation of sick leave
• calculation of allowances
• payroll calculation and preparation of the payroll statement
• maintaining relationships with relevant authorities (ITM, Pension House, Health Insurance House, etc.)
• preparation of payment orders or entering payment orders through the online banking system
• preparation of tax returns and online submission to authorities
• assistance during audits
• advice in case of disputes