Full scope accounting services include:
- Upon setting up a new company we help with the administration, submission of the initial reports to the tax authorities and provide the necessary forms
- During the business operation we provide the necessary document samples and forms
- Bookkeeping in compliance with the Hungarian statutory requirements:
- Record all incoming and outgoing invoices
- Issue invoices to your customers
- Register bank statement transactions
- Reconcile bank accounts
- Register petty cash transactions
- Match all invoices with a bank or petty cash transaction
- Maintain fixed asset register and calculate depreciation
- Maintain a clean general ledger (core of the company’s financial records) in order to identify any discrepancies such as double billings
- Record and declare VAT to the authorities (monthly/quarterly, annually)
- Submit all tax reports and forms on time (corporate tax, local tax etc.)
- Provide a calculation for your confirmation before submitting declaration to the authorities
- Provide information, reports in an agreed format on a monthly basis or upon request (management reports, Cash Flow etc.)
- Prepare year-end statutory financial statements (income statement, balance sheet) and year-end tax returns
- Consultation prior year-end closing: evaluation, analysis and planning
- Represent the company in front of tax or local authorities
- Provide information to your auditor (in case your company is required to have an annual audit)