Outsourced accounting services

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:

• Regular communication with an experienced, English-speaking chief accountant
• Efficient reporting in the electronic format your company requires
• Digital accounting platform for seamless financial management

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.

Digital accounting platform

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.

Seamless integration into your own ERP

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.

Accounting systems, IFRS & US-GAAP

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.

Accounting in EUR, USD, and other currencies

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.

Comprehensive payroll administration

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:

• Smaller businesses
• Larger companies managing social security and maternity benefits

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:

• Monthly reporting
• E-banking file generation for salary, tax, and social security payments
• Administration of personal income tax, pensions, and health funds

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.

Registered office services

International businesses that do not wish to maintain a physical office in Hungary can outsource their registered office to us.

We can:

• Establish and register a new company headquarters in Hungary
• Provide a registered business address in central Budapest
• Handle administrative tasks and forward correspondence
• Communicate with Hungarian authorities on your behalf

A registered office is a supplementary service available to clients outsourcing their accounting and reporting with us.