Accounting and reporting services in Hungary
Keep control over your local accounting obligations and stay compliant with a diverse range of regulations, standards and reporting requirements applicable in Hungary with the help of our highly qualified and experienced accountants.
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 Hungary . Take well-informed business decisions by getting better control and more accurate reporting.
Our accounting, bookkeeping, reporting and tax compliance services in Hungary 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
- One-hour session with the tax consultant incl. the written tax opinion
- One-hour session with the tax consultant, without the written tax opinion
- Preparation and submission of the annual financial statements
- Preparation and submission of the corporate income tax return
- Representation in communication with the Hungarian Tax Office and all statutory authorities
- Assistance during audits, representation during inspections and tax controls
Market entry support: Book your free 1 hour expert talk now!
We have years of experience in supporting businesses to grow in Hungary. If you are a well-established company we offer you a free consultancy, that includes:
- Brief analysis of your needs based on the information provided
- Country-specific aspects that may be important to your investment
- Basics of local tax, accounting and legal rules in Hungary
Phone: +36 141 235 30
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
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 Hungary 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 Hungarian 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
- Implementation and localization of accounting systems and ERP solutions