Accounting and reporting services in Russia
Our in country well-matched team, consisting of accounting experts and certified tax advisors, is ready to act as an integral part of your internal finance department, that provides an all-round care and benefits of an inhouse team.
Meet your local accounting obligations and stay compliant with a diverse range of regulations, standards and reporting requirements applicable in Russia with the help of our highly qualified and experienced accountants and tax advisors.
Take well-informed business decisions by getting better control of your financial operations and more accurate reporting – using our professional services combined with an advanced cloud technology, that allows you to fully automate, standardize and streamline your accounting processes.
We are regularly audited for business continuity, top-level security, quality and environmental management according to ISO and ISAE standards.
Our full service offering of accounting, bookkeeping, reporting and tax compliance in Russia covers:
- Bookkeeping of all primary documents in compliance with statutory requirements
- Maintenance of the statutory accounting general and subsidiary ledgers
- Accounts Payable and Accounts Receivable administration services
- Cash management and bank account administration
- Inventory services, fixed asset, leases and loans administration
- Monthly closing of accounts, reports on profit and loss, balance sheet, cash flow
- Submission of all required statutory reporting and communication with local authorities
- Preparation of tailored reporting for your management
- Consolidated reporting, reconciliation between statutory and management reports
- Preparation of reports according to local GAAP and international IFRS/US GAAP standards
- VAT compliance and consultancy, VAT registrations and VAT return filings
- Any other tax consultancy associated with local taxes
- Preparation and submission of the statutory annual financial statements
- Preparation and submission of the statutory corporate income tax return
- Communication with the Russian Tax Office and all statutory authorities
- Assistance and support during audits, representation during inspections and tax controls
Market entry support: Book your free 1 hour expert talk now!
We have years of experience in supporting businesses to grow in Russia. If you are a well-established company we offer you a free consultancy, that includes:
- Brief analysis of your needs based on the information provided
- Country-specific aspects that may be important to your investment
- Basics of local tax, accounting and legal rules in Russia
Accounting online portal
By using our Accounting online portal you can simplify, automate and streamline your accounting-related processes, go fully digital and thus reduce paperwork and related errors. Our portal allows you to move your entire document management into cloud and manage all tasks online anytime and from anywhere.
Utilizing our fully-customizable online portal, you can easily manage the following:
- Access all data anytime and anywhere on the cloud: based on complex user role setup, access rights, view and edit options
- Digitalize your accounting documents: using a web-based, integrated scanner for paper documents, OCR and validation system, PDF documents or EDI
- Design workflows that fit your exact needs: assign approval requests and deadlines
- Do not miss any deadline and complete your tasks on time: receive email notifications about completed or pending tasks, track all actions through activity logs
- Connect directly to your accounting software and ERP: the portal enables you to check the status of documents approved and uploaded for booking
- Get immediate updates and reports about your company’s financial status: access any reports and overviews based on your needs
The portal can become a single interface for your accounting, thanks to a direct integration with your ERP system, to provide you with immediate updates and reports about the financial status of your company.
Other accounting consultancy services
Having access to our in country, highly qualified and experienced team of accountants and tax advisors guarantees that all your operations meet the legislation requirements applicable in Russia and you can shift your focus towards more strategic functions of the financial management.
We are ready to use our experience, expertise and best practices that fit the Russian market to support your decisions you with tailored solutions and reliable accounting consultancy covering specific and more complex areas, such as:
- Establishing accounting control systems and procedures
- Review and optimization of accounting and financial processes
- Set up of management reporting based on your specific needs
- Compliance with international IFRS and US GAAP and reporting requirements
- Implementation and localization of accounting systems and ERP solutions to your specific needs