Accounting and reporting services in the Czech Republic

Having the right partner for accounting and reporting services in the Czech Republic helps you maintain control over local accounting obligations and ensure compliance with diverse regulations, standards, and reporting requirements. Our local expert team, consisting of accountants and tax advisors, is ready to act as an integral part of your internal finance department providing all required expertise, experience, functionality and benefits of an inhouse team.

The combination of our professional services and advanced cloud technology helps you to automate, standardize and streamline accounting and reporting processes, in order to increase efficiency and control of your financial operations in the Czech Republic. Take well-informed business decisions by getting better control and more accurate reporting.

Our accounting and reporting services in the Czech Republic, in combination with our tax compliance offering, can cover:

• Maintenance of the statutory accounting general and subsidiary ledgers
• Bookkeeping of all primary documents in compliance with statutory requirements
• Accounts Payable and Accounts Receivable services
• Cash management and bank payment administration
• Inventory services, fixed asset, leases and loans
• Stock management consultancy services
• Monthly closing of accounts, reports on profit and loss, balance sheet, cash flow
• Preparation of all required statutory reporting and submission to local authorities
• Tailored management reports
• Consolidated reporting, reconciliation between statutory and management reports
• Preparation of reports in both local GAAP and international IFRS/US GAAP standards
• VAT compliance and consultancy, VAT registrations and return filings
• End-to-end VAT registration based on PoA 
• Any other tax consultancy associated with local taxes and real estate taxes
• Preparation and submission of the annual financial statements
• Preparation and submission of the corporate income tax return
• Representation in communication with the Czech Tax Office and all statutory authorities
• Assistance during audits, representation during inspections and tax controls

Accounting portal in the Czech Republic

Our Accounting online portal has been designed to simplify, automate and streamline accounting-related processes, go fully digital thus reducing paperwork and related errors, gain better control and oversight, increase transparency over documents and workflows – and manage tasks in a secure and user-friendly cloud environment. The portal can become a single interface for your accounting, thanks to a direct integration with your ERP system, to provide you with immediate updates and reports about the financial status of your company.

By using our Accounting portal, you can:

• Digitalize your accounting documents and workflows
• Manage your purchase invoices more effectively
• Track the financial status of your company in real-time
• Connect the portal directly to your accounting software

Accounting consultancy in the Czech Republic

Having access to our highly qualified and experienced local team of accountants and tax consultants guarantees that all your operations meet the legislation requirements applicable in the Czech Republic and you can shift your focus towards more strategic functions of the financial management.

We are ready to use our experience and best practices that fit the Czech market to provide you with tailored solutions and reliable accounting consultancy covering specific and more complex areas, such as:

• Review and optimization of accounting and financial processes
• Establishing accounting control systems and procedures
• Fast clean-up and reconciliation of general ledger accounts
• Financial and accounting due diligence
• International IFRS and US GAAP reporting
• Cooperation on implementation and localization of accounting systems and ERP solutions