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Outsourcing of accounting and payroll consultancy

The complexity of accounting, tax and reporting processes, implementation of IFRSs/IASs, formalities, and frequent legal developments pose a significant challenge, even for seasoned accountants. Efficient finance management is not only about book-keeping, but also about controlling, management accounting and general business experience.
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We are efficiency experts. In financial reporting, there is more and more input data and more and more information is needed at the output - in the field of management, statutory and tax reporting, as well as stock exchange reporting.

Accounting is the processing of information. Therefore, the use of information systems and machine learning can have a disproportionate impact on efficiency. And we do just that.

We analyse processes, improve and streamline them. Following that we search for manual and repetitive activities that can be automated. We use accounting and document workflow systems, which result in such an automation. Where there are unique activities which these systems cannot automate we use our own applications, which connect to these systems. In that way we still manage to achieve automation.

Benefits to our clients?

First of all faster reporting – on time and complete. Furthermore – ability to scale their businesses without administrative costs exploding as within a structured process subsequent clients/branches/divisions will not increase the number of people serving them.

Consolidations are our strong suit as well. Collecting the necessary data from the Capital Group, structuring them in the form of a consolidation sheet, and then – building on our knowledge and experience – making relevant adjustments: capital, fair values and eliminations. That is an ideal task for our consolidation experts.

We prepare consolidated financial statements in accordance with the IFRS and the Law on Accounting. We have extensive experience in stock and regulatory reporting (The Polish Financial Supervision Commission – KNF).

We do it:

  • Independently;
  • In a timely manner;
  • And then we explain to auditors what has been done and how.

Benefits to our clients?

They transfer a complicated activity to specialists who will take over the process to the full extent. In that way they can dedicate their resources to important business issues instead of having to manage regulatory matters.

Accounting and reporting become more and more complicated. Accounting departments often feel overwhelmed when confronted with advanced issues such as:

  • measurement of impairment of fixed assets,
  • settlement of share-based payment schemes,
  • leasing contracts,
  • financial instruments
  • revenue recognition,
  • long-term contracts,
  • divestments etc.

In such cases, we use our expertise preparing accounting opinions or simply answering pending questions. What is important – we take responsibility for our advisory and defend the presented opinions should there be a discussion with auditors or representatives of regulators.

Benefits to our clients?

They are always aware that they have access to the up-to-date knowledge and lots of experience coming from long periods of advisory to many types of industries.