Why?
Safe accounting constitutes grounds for the existence of each company, and is, therefore, absolutely crucial. Security itself, which means regulatory compliance, does not necessarily mean that accounting processes are implemented effectively, quickly and with an appropriate support level for the management board.
Effective processes and swift organisation of the accounting system are an element of competitive leverage, thus being an important factor of corporate success. Organising the information accumulated within the accounting system enables faster access to verified data and the development of management operations in this field. They, in turn, are the foundation for assessing risks and trends, as well as defining and monitoring indicators that are key to company strategy and business development.
Combining these needs in a fast-changing regulatory environment, both domestic (accounting and tax regulations) and international (International Financial Reporting Standards or other foreign provisions, depending on the group’s consolidation profile) is often a considerable challenge for enterprises.
For whom?
Both domestic companies starting their business operations, as well as subsidiaries or foreign branches of foreign investors established in Poland, for whom professional structuring of the in-house accounting and/tax departments is important. Also for already existing enterprises that recognize their deficiencies in the effectiveness of processes related to the accounting and/or tax departments.
How?
We support Clients in designing, organising and adapting accounting and reporting processes to local and group requirements.
The scope of our support includes, among others:
- accounting policy and accounting documentation – development and updating of the accounting policy, accounting instructions and rules for the workflow and approval of documents;
- accounting advice and analyses – support in the recognition of unusual and complex transactions and preparation of accounting analyses;
- support with regulatory changes and tax reporting – adaptation of processes and financial data to new reporting obligations, including JPK CIT and other local requirements;
- chart of accounts and reporting models – development and adaptation of the chart of accounts, mapping of accounts to tax and financial reporting requirements as well as support in preparing report templates for local and group purposes;
- review and improvement of accounting processes – analysis of existing processes, identification of areas for improvement and support in implementing new solutions.
In addition, we offer support in the following areas:
- assessment and support in the digitalisation and automation of accounting processes;
- adaptation of accounting systems to reporting requirements, taking into account national and international standards;
- specialist training.
We also provide comprehensive solutions for developing the rules and organisation of the internal accounting function. Where necessary, we work closely with the tax advisors, auditors and lawyers of TPA Poland, Baker Tilly TPA and Baker Tilly Legal Poland.
