The cutting-edge digital technologies we have continuously implemented in recent years have significantly enhanced the benefits for our clients. Key advantages include seamless data access, optimized workflow processes, and top-tier data security, ensuring reliability and full GDPR compliance.
Additionally, our digital solutions enable effortless online meetings from anywhere in the world, fostering efficiency and global connectivity.
Whether you wish to implement an already existing digital ERP, accounting or invoicing system, such as SAP, Microsoft Dynamics or DATEV used by your headquarters, or whether you are looking for a new system to be used in Hungary, we have the right experts to guide you through the process.
In addition to our excellent working relationship with some of the most acknowledged ERP software suppliers in Hungary, we have a good country-wide experience with the accounting, tax and other integrated software available. With our founded expertise we can provide support on implementing systems that best fulfil the requirements of your company headquarters. This way we can help you introduce digital solutions that will meet your needs at an optimum, including the transfer of electronic data and meeting Hungarian compliance regulations at the same time.
Case Study:
Our Client, a mid-sized foreign company needed a digital solution to complement their ERP system. Their aim was to produce invoices with Hungarian VAT in a compliant manner, send them to the Hungarian Tax Authority as data files and also to generate VAT returns.
Advising them in the process, we evaluated several digital solutions and supported the client in implementing the technology that could deliver the best result for their very specific situation.
Tax fines, primarily in the area of VAT, are considered as a significant business risk in Hungary. As all tax returns are to be filed electronically, it is of utmost importance that the data in your ERP or accounting software is accurate and handled correctly for the purposes of tax and VAT returns.
To make sure that the systems that are responsible for generating tax returns are reliable, we offer system audits to check for mistakes in handling tax relevant aspects and propose ways to correct them. We support our clients with correcting the mistakes discovered, typically by changing system settings and correcting their corporate income tax, personal income tax or VAT returns.
We can also help you with the transfer and data-flow analysis of tax related data and information between different systems.
Case Study:
The Client is the Hungarian subsidiary of a large international technical manufacturing firm. The worldwide operations of the group, including the Hungarian subsidiary, rely on their in-company ERP software. In a tax audit we discovered that their digital system was handling a certain type of mass -generated business transaction incorrectly.
We helped the firm to correct the mistake, in a first step by using a temporary compliance solution, until, in a second step, the ERP software could be re-parametrized based on our advice. At the same time, we supported the subsidiary with retrospectively correcting their tax returns. As a result, the client avoided a significant amount of tax fines.
We strongly believe in digitalization and understand our clients’ need for data reliability, accessibility and compliance when they outsource their accounting with us. Our digital accounting software enables us to work with your accounting data in an environment that offers maximum data security, protection and GDPR compliance.
The digital handling and storage of documents including invoices, contracts and other types of documentation allows easy and reliable access within the system. Our fully digital system enables us to work safely and efficiently with all types of digitalized documents. We file all tax returns electronically and our international clients can have direct access to the digital administration system of the Hungarian Government, if they whish to do so. Our completely digital accounting software enables us to handle the entire process as a paperless procedure.
It is important for us to provide support with the reports and information you need for management purposes. In addition, our digital software allows you to have direct, real-time access to the data of your firm. The ability to log in safely anywhere and anytime, provides your firm not just with a better overview of processes, but also facilitates important functions such as financial planning and controlling.
Although we have strongly invested into state-of-the-art digital solutions, personal communication is still key to us. Regular personal contact and long-term relationships with our clients, many of whom we have proudly served for many years now, are an important cornerstone of our practice.
Case Study:
Our Client is a mid-sized international service provider. We are responsible for the entire accounting and tax compliance process of their Hungarian subsidiary.
We transfer reports and further data needed by their headquarters directly from our digital system into their ERP, allowing them to benefit from all the advantages of an in-house function. In addition, with the help of an internet-based accounting app, they have the possibility to gain insight into their data within our system.
We are dedicated to adding value to our clients’ businesses through understanding their objectives and supporting them in achieving their goals. With over 20 years of international experience and a strong focus on digitalization we provide full scale professional services at a single point of contact.
In our Case Studies we have described some examples of how we work for our clients and what benefits we have achieved for them.
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Businesses looking to permanently outsource their accounting and reporting functions can benefit from our full-scale, fully digitalized accounting solutions, including a wide range of professional services.
Our outsourced accounting services are built on three pillars:
Depending on your preference, we will maintain your accounts in HUF or any other functional currency such as EUR, USD, or CHF. We also manage all interconnected tasks arising from foreign currency accounting.
Our comprehensive accounting services include filing financial statements and registering your firm in the electronic systems of the Hungarian tax administration. We also prepare and submit your tax returns electronically.
If your company requires a tailored management information system in Hungary, we will adapt our services to align with your preferred accounting system, policies, and data format.
Our fully digital accounting platform streamlines financial management for businesses of all sizes. With a cloud-based system, our clients can gain real-time access to their accounting data, ensuring accuracy, transparency, and efficiency. The integration of tax compliance features also ensures that businesses remain up to date with local regulations, avoiding costly penalties.
We will generate detailed financial reports tailored to our clients’ needs, a further useful function of our fully digital accounting system. These reports provide valuable insights into cash flow, profitability, and the overall financial status, enabling better decision-making.
Another key advantage is the flexibility of digital collaboration between our clients and their accountants. A centralized platform allows for efficient document sharing and direct communication with our financial professionals. This enhances workflow efficiency and ensures that accounting tasks are completed accurately and on time. Whether managing payroll, tax filings, or financial planning, our clients benefit from a reliable, secure, and scalable accounting solution tailored to their specific needs.
We understand the importance of a smooth and efficient accounting process, also in cases when you wish your financial data to be integrated in your company’s own ERP-system. To ensure that financial data is seamlessly integrated into your ERP we handle the direct upload of your accounting data, eliminating errors and saving valuable time.
This automated process ensures that your company always has access to up-to-date financial records, improving accuracy and operational efficiency. Quarterly, monthly or weekly financial reporting enhances decision-making by providing your management team with precise, reliable insights.
We tailor our accounting services to our clients’ needs—whether for permanent outsourcing or for temporary support until an in-house accounting department is established.
We provide expert accounting advice, especially valuable in the early stages of business operations. Our team also advises on implementation and compatibility related to IFRS, US-GAAP, and Hungarian Accounting Standards.
While most companies in Hungary maintain accounts in Hungarian Forints (HUF), this may not be ideal for internationally active businesses. We guide our clients through the process of transitioning their accounting system to a preferred functional currency, such as EUR, USD, or CHF.
Once implemented, we support your accounting team in maintaining the accounts, compiling financial statements, and managing all related tasks in the chosen currency.
We offer payroll services for companies that require complete confidentiality of salaries or find it impractical to employ an in-house payroll team. This is particularly beneficial for:
Our payroll experts meet all legal requirements for handling payroll for companies with over 100 employees.
We handle full-scale payroll administration, allowing your company to focus on core business operations. Our services include:
Most clients who outsource their accounting with us also choose to use our payroll services.
For an estimate of employer wage costs, you can use our online salary calculator.
International businesses that do not wish to maintain a physical office in Hungary can outsource their registered office to us.
We can:
A registered office is a supplementary service available to clients outsourcing their accounting and reporting with us.
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