An accounting firm in Budapest that helps you understand your numbers
Full-service accounting, payroll and tax compliance, backed by more than 25 years of experience.
MGI-BPO is a Budapest-based accounting firm. We work with small and medium-sized companies and with the Hungarian subsidiaries of international groups. Our clients get accurate, up-to-date and transparent financial services, in English and in Hungarian. Our job is to take the weight of financial administration off your shoulders, so you can rely on steady, proactive professional support over the long term.
Most enquiries start the same way. A company wants to finally understand its numbers, wants fast answers, and wants to know that its operations are safe. Choosing an accountant is not really about buying a service; it is about finding a professional partner you can build on for years. That is why we shape the scope of our work around what each client actually needs.
Our accounting services
Bookkeeping: full-service accounting, including invoice processing, bank transactions, fixed asset registers and general ledger reconciliations.
Monthly and annual closing: periodic and year-end closings, statutory filings, annual financial statements, internal and owner reporting.
Payroll and HR administration: monthly payroll, social security and tax authority filings, employee registration and deregistration, holiday records.
Tax returns and tax authority contact: VAT, corporate income tax, local business tax, special taxes, and full representation before the Hungarian tax authority (NAV).
Audit support: data collection during the audit period, preparation of documentation, and direct cooperation with the auditor.
Financial reporting: reports tailored to owners, group head office or management, in English or Hungarian, often in the group’s own format.
International accounting: Hungarian compliance for foreign-owned companies, handling group requirements, with English-language client service throughout.
Clean-up of previous accounting: review and correction of incomplete or incorrect books, amended tax returns, and a full reconstruction where needed.
and a full reconstruction where needed.
How we work with you
For some clients we handle the complete accounting function. For others we act as chief accountant: invoices and bank items stay with the client, while we take care of controls, reporting, tax returns, financial statements and day-to-day professional support. We agree the form of cooperation together, whether your operations are simple or complex and growing.
Who our accounting services are for
MGI-BPO is a good fit for companies that want more than the mandatory administration. Our clients look for an accounting firm that is reliable, stable, and good at explaining what the numbers mean. Whether you are a start-up, a growing Hungarian SME or a foreign-owned subsidiary, you get support built around your situation. You are not working with a single accountant, but with a full team of specialists.
For us, accounting is not only data entry. It is cooperation, responsibility and support.
Our clients
A large share of our clients has an international background, so much of our daily work happens in English. We work with foreign owners, managing directors and group finance teams, and we make sure the information they receive is clear, transparent and useful. That means not only accounting data, but also explanations, context and the kind of insight that supports decisions.
We also have strong payroll experience. Our clients range from small companies to employers with more than 100 employees that operate their own social security paying agency (kifizetőhely).
What cooperation looks like in practice
Secure, fully electronic processes
We work as a paperless office. We use our own Kulcs-Soft accounting software, and we provide free access to it if you need it. We are equally happy to work in your own ERP system; we have experience with SAP Business One, among others. Data is shared digitally through password-protected channels, with every process agreed in advance.
Smooth day-to-day communication
Every client has a dedicated contact person, but we work as a team. If someone is on holiday or off sick, your questions still get answered. Fast response is a principle here: you can reach us by phone, e-mail and Teams from Monday to Friday between 8 a.m. and 5 p.m., and we reply to every enquiry within one working day at the latest.
Accounting that supports decisions
Every client receives regular reports, even without asking for them, and most of our clients also have monthly, tailor-made reporting. We believe numbers on their own say very little. They have to be interpreted, explained and linked to decisions. We start from your point of view, then translate your questions and goals into accounting solutions, thinking through the complexity but aiming for simple answers.
Changing accountants: how the handover works
Many companies put off changing accountants because it looks complicated. With us, the handover is our task, not yours. We take over the opening balances and the year-to-date figures, review the previous accounting where necessary, and correct any errors before carrying them forward. We agree the timetable in advance so that your daily operations are not disrupted.
What determines accounting fees?
We do not work with a fixed price list, because we price every client according to their own needs and circumstances, based on the expected time required. The fee typically depends on the number of documents, the number of employees, the complexity of the activity and the VAT treatment, the international connections, and the reporting and language requirements. If your company’s size, headcount or turnover changes, we adjust the fee accordingly, and we always discuss this in advance. No surprises after the fact.
Frequently asked questions
We are thinking about changing accountants. Can you help with the handover?
Yes. Our experienced team takes care of a smooth transition: we take over the opening and year-to-date data, and review the previous accounting where necessary.
Can you correct errors made by our previous accountant?
Yes. Where needed, we review and rebuild incorrect or incomplete accounting records and file the necessary amended tax returns.
Is the service available in English?
Yes. All of our services are available in English, including day-to-day communication and financial reporting.
Can you help with cross-border transactions and VAT refunds?
Yes. We regularly handle intra-EU and third-country transactions, and we support clients through the VAT refund process.
Who will actually work with our company? Do we get a dedicated contact?
Every client has a dedicated contact person, but we work as a team. You can read more about our team here.
What happens if our accountant is unavailable?
Because we work as a team, other colleagues also know how your company operates. Holidays and sick leave do not stop the work, and no question is left unanswered.
How quickly do you reply to e-mails and calls?
Fast response is a principle here: you can reach us by phone, e-mail and Teams from Monday to Friday between 8 a.m. and 5 p.m., and we reply to every enquiry within one working day at the latest.
Do you have professional indemnity insurance? Who is liable for a mistake?
We have professional indemnity insurance, and this is also set out in our contracts: if an error comes from our work, we stand behind it. Through our international network we also have to meet MGI’s quality control requirements on a regular basis.
Do you represent clients during a tax audit?
Yes. We have taken part in many tax audits and payroll inspections, so we can give you well-prepared support in these situations. For legal questions we involve our partner law firms.
Which accounting software do you use? Can we work fully paperless?
We use our own Kulcs-Soft accounting software and can give you free access to it, but we are happy to work in your own ERP system, for example SAP Business One. We work entirely paperless: data is exchanged through an encrypted online platform.
Do we receive monthly reports, and will you help us understand them?
Every client receives regular reports, even without a specific request, and most of our clients also have monthly, tailor-made reporting. And we do not just send the numbers: we help you interpret them and connect them to decisions.
What does the fee depend on, and what if our headcount or turnover grows?
We price every client according to their own needs and circumstances, based on the expected time required. If your company’s size, headcount or turnover changes, we adjust the fee accordingly, and we always discuss this in advance.
How do you handle data protection and confidential information?
We keep data in encrypted, password-protected systems, in line with our GDPR privacy notice. Confidentiality is also set out in our contracts.
Do you handle voluntary liquidation?
Yes, but only for clients we have already worked with.
Interested in our accounting services?
Get in touch with us. With accounting services tailored to your company, we help your business succeed.
