• record bank payments and receipts and match them with invoices, where appropriate
• maintain sales and purchase ledger accounts
• record all fixed assets acquisitions and disposals, maintain fixed assets register, compute depreciation and profits / losses on disposal, record adjustments arising from the physical inventory
• record all employee expense claims and settlements
• record all other petty cash transactions
• record payroll expenses
• Record accruals, prepayments, interests etc.
• calculate and record foreign exchange differences
• Preparation of management accounts
• cash reporting (including forecasts)
• Financial reporting packages on client’s template or by creating for the client of an own reporting system (e.g. balance sheet, income statement, etc.)
• Preparation of financial statements in accordance with the Romanian Accounting Standards and the International Financial Reporting Standards
• Monthly, quarterly, half-yearly and year-end closures
• Budgetary control and consolidation
• Accounting support during periods of understaffing
• secondment of senior professionals to the client’s premises, in order to temporarily fulfil the responsibilities of chief accountant, accounting manager, financial controller etc.
• secondment of  junior professionals to the client’s premises, in order to temporarily fulfil bookkeeping or financial administration tasks
• Assistance offered to the internal or external auditors of our clients
• Assistance ref. Accounting policies and procedures manual
• Payroll and HR Administration
• Payroll computation
• Payroll management and processing
• Record-keeping of income taxes and social security charges
• HR administration
• Tax Compliance Services
• Computation of taxes and contributions due by companies and individuals
• Preparation of tax returns required by the Romanian legislation
• Filing the tax returns with the relevant authorities
• Timely preparation of estimated tax payments
• Assistance during VAT reimbursement processes
• Assistance during tax audits performed by the Romanian authorities
• Cash Management Services
• set-up of bank mandate authorities
• payments of Client’s liabilities
• managing various banking tasks, including the installation and maintenance of appropriate e-banking solution(s), as well as the preparation and execution of all kind of payments
• Other Accounting and Administrative Assistance

A. Building and implementing the budget and the system of financial indicators for the company:

• Defining the structure of the budget, development of sustainable budgeting procedures for strategic planning;
• Planning and forecasting the revenues and expenditures based on the company's business plan;
• Creating and implementing useful budgeting tools and mechanisms for internal control purposes, collection and centralization of economic and financial information and data;
• Linking the budget format with the financial statements in order to ensure comparability with the actual project results;
• Harmonization, optimization and design of accounting system in strict correlation with budgetary requirements;
• Current financial position and performance measurement and benchmarking with projected results;
• Development of planning tools accessories to facilitate and simplify this process, involving the other functional areas and departments of the company;
• Cash flow budget and planning based on the on P&L and projected balance sheet;
• Support and training offered to employees in finance and accounting department, and managers of departments involved in the annual budgeting process;
• Determination of surplus or deficit of financial resources, how to cover financing needs.

B. Implementation of management accounting and profit centers/cost:

• Identify, define and provide a flexible encoding of profit/cost centers relevant for the company’s business;
• Designing the informational system in order to ensure functionality of the management accounting and tracking profitability/return on profit centers;
• Identifying the opportunities to implement and process in the ERP system the changes performed in the informational system through the financial and accounting documents;
• Designing and adapting financial and management accounting system to multiple legislative and management requirements;
• Designing and development of a useful financial management reporting system and other users of financial information;
• Building up of economic and financial rates and indicators relevant to the center profit in order to enable quick and safe management and business decisions;
• Implementation of management by procedures to ensure adaptation of the organizational changes occurred in the company regarding the processes with tax, financial and accounting implications;
• Identifying tax related risk areas and providing proper solutions to mitigate them.

Advantages of the services provided for your company consist of:

• Increased decision-making capacity based on complete and accurate information regarding the economic and financial performance of the company;
• Creation of tools and reports which allow simplifying the process of adapting to changes that occur during the course of company business;
• Reduce the actual time spent for developing procedures by employees and for performing operational tasks;
• Increase the quality and usefulness of procedures;
• Development an integrated flexible and efficient budget, implementation of a system economic and financial indicators and KPIs relevant to your company, modernization of information and document flows.