We offer a wide range of outsourcing services regarding financial-accounting, tax, and accounting consulting, tax and internal control. These services can be requested separately or in combination with various software applications so you can benefit from a solution tailored to your needs.
 
FINANCIAL-ACCOUNTING SERVICES
 

• Full or partial outsourcing of the financial-accounting function;
• Outsourcing payroll and personal administration services;
  • ​Preparation of employment contracts and registration in REVISAL;
  • Preparation of the payment states, according to the salary policy of our clients and the statements of salary taxes;
  • Registration of declarations with the competent authorities;
  • Assistance in drafting the Internal Order Regulations;
  • Assistance in establishing a system for evaluating the performance of our clients' employees;
  • Assistance in the preparation of the Collective Labor Agreement.
• Preparation and certification of financial statements;
• Development and execution of the management reporting package according to other accounting standards: IFRS / IAS, US-GAAP;
• Accounting expertise reports: professional examination of the accounting records and formulation of conclusions (answers) to the objectives established with the client;
• Assistance in locating and migrating accounting data;
  • ​Mapping account plans;
  • Assistance in the preparation of migration files;
  • Verification of migration results.
• Inventory of the patrimony: organizing the inventory process, training the personnel participating in the inventory, preparing the documentation and correctly performing the inventory, centralizing the inventory results and preparing the recommendations for the management of the company.

ACCOUNTING AND TAX ADVISORY
 

• Fiscal reporting;
  • Preparation of all tax returns;
  • Quarterly calculation of tax on micro-enterprise;
  • Calculcation of the tax on profit, and preparation of the Declaration on the profit tax;
  • Filing statements online or with tax authorities;
  • Registration for VAT purposes (preparation and submission of documents for obtaining the VAT code).
• Assistance in relation with the tax authorities (starting from the analysis of the fiscal records and calculations, solutions and assistance during the fiscal audit carried out by the authorities, until the resolution of the fiscal checks);
  • ​​Assistance in discussions with tax inspectors in order to support clients approach to certain tax issues;
  • Reviewing the documents requested during fiscal inspections before they are provided by clients to tax inspectors;
  • Assistance in drafting explanatory notes and points of view requested by the fiscal inspectors during the time and when the fiscal control is completed;
  • Review of the draft tax inspection report issued by the tax authorities in order to identify the amounts established as taxes and fees due by clients that can be removed from the report based on discussions with tax inspectors;
  • Writing the correspondence addressed to the Ministry of Public Finance.
• Accounting and tax consultancy based on the subscription / number of hours agreed: consultancy on taxation issues, accounting and payroll, financial assistance during mergers, liquidations, consultancy on internal control issues.
• Legislative information: preparation of legislative summaries on accounting and fiscal legislative changes.
• Regular accounting and tax reviews to ensure the accuracy of the accounting reports, by analyzing and verifying the accuracy of significant accounting records, tax calculations and tax declarations, contracts and other supporting documents, preparing a report on their correction and presenting suggestions for improvement, presentation financial statements updated based on the proposed adjustments.
• Due diligence (expertise) accounting and tax for specific objectives, such as: evaluating a business (identifying tax and accounting risks and presenting recommendations).
  • The analysis of our customers' documents, as well as of their internal procedures, with the purpose of helping them to minimize the identified tax exposure and also to benefit from potential savings of a fiscal nature;
  • Assistance for the implementation of identified tax opportunities.
• Start-up services:
  • ​Providing assistance in the initial phase of the company, providing accounting and tax advisory services on the best starting option and the information needed in the decision-making process;
  • Assistance in the recruitment process for positions within the Financial-Accounting department, providing staff training or making available the staff of ABS FS;
  • Accounting, taxation, payroll and personal administration services for the company's employees during the start-up phase.
• Trainings: on different accounting and tax issues, for the use of SAP.

INTERNAL CONTROL

• Developing and implementing accounting procedures according to the needs of the client and the specificity of the activity so that the working mode at the level of the financial-accounting department is more efficient;
• Preparation and implementation of the handbook of accounting policies and procedures to avoid sanctions;
  • The existence of a set of rules that aims to establish the conditions under which certain operations are carried out that have an impact on the accounting and, finally, the fact that the accounting information is the basis of the decisions that the directors and shareholders make;
  • Elaboration of a set (manual) of procedures for all the operations carried out, starting from the preparation of the supporting documents until the completion of the quarterly and annual financial statements.
• Recovery of stolen / lost documents: providing temporary accounting resources for recovering lost or destroyed accounting and fiscal documents, assisting during the process of preparing missing documents, preparing archiving with recovered documents;
• Budgeting, planning and forecasting: defining a budgeting model and following the steps required for performance analysis, defining a reporting package that will contain recommendations in accordance with Romanian legislative requirements, defining a set of indicators for regular monitoring of profitability, liquidity and developing a system of reporting and analysis of indicators: receivables, debt, stocks and liquidity management;
• Other internal control services: organizing the financial-accounting department and establishing the role of each employee in this department, organizing the flow of documents, preparing the working procedures, providing assistance during the implementation of the working procedures and establishing the role of each employee of the financial department.

Learn more about how you can reduce your costs and save time for activities that add value to your organization by transferring responsibility for accounting and tax operations to an outside company. 

Further information about these services and software platforms are availbale here - https://bpo.totalsoft.ro/.