Each group of companies is unique, so the services they use are also different. When supporting a foreign Shared Service Center (SSC), we can most often provide support in the financial tasks of the Hungarian subsidiary of the group. These tasks relate to compliance with Hungarian legislation.

Accounting tasks

• supervision of accounting in accordance with the Hungarian Accounting Act, conversion of IFRS/USGAAP accounting into accounting records compliant with the Hungarian Accounting Act
• posting of Hungarian tax liabilities in Hungarian and international registers
• Hungarian accounting tasks relate to the year-end closing of books
• cooperation in auditing, providing data to auditors
• drawing up the Hungarian annual financial statements

Tax tasks

• tax registration with central and local tax authorities
• reviewing VAT subledgers, compiling VAT returns
• preparation of corporate tax returns
• other tax returns
• permanent representation before the tax authority
• tax / accounting trainings for employees

Payroll accounting services

• registering and de-registering local employees
• compilation of payrolls
• tax calculations, general ledger postings
• preparation of tax returns

Who do we recommend these services to?

• to companies where, by a decision of the parent company and the management, accounting is performed centrally rather than in Hungary
• where day-to-day accounting is carried out within the company but there is no chief accountant or a professional manager
• to companies that are not subjected to a statutory audit but want a security control
• companies subjected to a statutory audit are reassured that the audit can be performed well and quickly due to the services that provide control
• it is also advisable to use an accounting support service even in cases where the recording of data does not require in-depth, more specialized professional knowledge, but reviewing the general ledger and preparing returns and reports require real expertise
• to those who find it useful to have their accounts checked

A foreign Shared Service Center is looking for a Hungarian partner?

• providing fast and continuous information about professional changes, we enable a company’s employees working in the accounting department to acquire the necessary professional knowledge from one place in a timely and reliable manner
• we can help foreign professionals who have questions about Hungarian rules or their interpretations efficiently and quickly due to a more accurate and in-depth knowledge of Hungarian rules

• we assist our Clients in keeping their books correctly by providing them with accurate and up-to-date information, thus avoiding tax risks or subsequent adjustments