Accounting and Bookkeeping in Hungary
Benefits of a Hungarian Accounting and Bookkeeping Firm
Accounting and bookkeeping are mandatory for companies in Hungary. Partnering with a Hungary-based firm offers streamlined financial management, local compliance expertise, and cost-effective solutions tailored to your business needs. Save time and focus on growth while professionals handle your finances.
Our proprietary client portal makes document submission easy and increases real-time collaboration. This advanced system ensures: Safe and Secure Data
Since 2010 we are located in the center of Budapest. We have online communication channels available 24/7.
We differentiate ourselves by offering the best quality work at honest pricing. There are no hidden fees, and you are paying for our high-quality financial management services.
Our bookkeeping services developed in accordance with the strictest Hungarian and EU regulations and provide a scalable basis for any startup, SME, or multinational corporation. We can grow with your business, adjusting as we go.
How can our Accounting and Bookkeeping solutions help you?
FirmaX Hungary offers a wide range of services in the field of accounting and bookkeeping to companies operating in Hungary. We are dedicated to accuracy, openness, and advanced conformity and therefore assist our clients in fulfilling their obligations for regulatory and reporting requirements whether the company is a domestic firm or an international company entering the Hungarian market.
We are here to assist in the proper management of financial resources to increase investor confidence, facilitate the smooth operation of business, and build up the company to develop it in the future.
Our Service Offerings
From cash flow forecasting to compliance services, FirmaX Hungary brings a range of solutions to help businesses in Hungary manage their finances effectively. We specialize in everything from detailed accounting to strategic financial reporting, delivering services customized to your needs that foster compliance, efficiency, and growth for organizations of all sizes and in all sectors.
Full-Service Accounting and Bookkeeping
Our team offers end-to-end bookkeeping services that include posting day-to-day transactions and balancing the account. Monthly reports and submissions are prepared as per the Hungarian standard and submitted on time. We also offer the preparation of the annual financial statements; the balance sheet, income statement, and additional notes in a most transparent and accurate manner to help you avoid late submissions, mistakes, or penalties for non-compliance.
Payroll and One-Window Solutions
The other major area of accounting is payroll. We deal with the calculation of salaries, statutory deductions, and income tax processing helping in streamlining operations. From making sure that appropriate deductions are taken from every paycheck to filing required documents before their due date, you can trust that we’ll take care of this complicated area of financial compliance for you.
Once you do start hiring, some employers find it challenging to work out their regulations. With our all-in-one service for payroll, bookkeeping, and reporting, these are no longer their concerns. Acting as a single point of contact for these interrelated financial functions, we make processes easy for clients and reduce the potential for mistakes that can arise when data has to pass between disparate systems.
IntraStat Reporting & International Transactions
Hungary complies with the EU’s IntraStat reporting system for companies engaged in cross-border trade. This demands detailed reporting of imports and exports, including information on product types, quantities, and points of origin.
The penalties for non-compliance can be steep therefore we handle your full IntraStat reporting, processing, and submitting the accurate data that meets Hungarian and EU requirements properly.
By taking this administrative load off of your shoulders, we ensure that you can continue to operate in multiple countries without the threat of fines.
Fiscal Period and Regulatory Deadlines
All companies in Hungary have to file annual accounts on or before 31 May. Such well-written documents give a fair representation of a company’s financial status, encouraging transparency while fostering a sense of trust among the stakeholders.
We cover the audit process preparing all the data needed to meet regulations and audit on time the ‘mérleg’ (balance sheet), ‘eredménykimutatás’ (income statement), and ‘kiegészítő melléklet’ (notes to the financial statement). This comprehensive response will ensure your compliance with Hungarian standards and win you points with investors, bankers, and regulatory bodies.
Our Commitment to Accounting Compliance
Liability Insurance: Preparing in Hungary for compliance is much more than just ticking a checklist of requirements before a deadline, it requires proactive and timely adaptation to all changes in the regulatory environment. Utilizing instant legislative updates, we can advise you on any changes you should be making to your accounts.
Our professional liability insurance, provided by Allianz, further protects our services and assures you that even in the unlikely situation of an error, you’re protected by a vetted source.
Technology and Data Security: Access to tools for secure and efficient digital economic activity has underpinned modern accounting. We utilize a custom-built client portal that allows you to upload documents directly, leaving behind the transfer of physical files.
Once you submit your financial materials, we receive a real-time notification automatically which makes errors less likely and decreases lag time. This centralized digital system keeps everything orderly, up-to-date and safe, something that helps companies that carry out a lot of transactions or are complex.
Official Representation & Communication: Businesses in Hungary are also required to communicate via digital platforms for official communication. Referred to by locals as the Client Gate (‘Ügyfélkapu’) and the Company Gate (‘Cégkapu’), these systems are central to tax submissions, regulatory notices, and basic correspondence with authorities.
After being authorized to represent you, we take care of all the communications on these platforms, downloading notifications immediately and keeping you up to date on any matters that may affect your business.
Confidentiality: We are committed to your data being confidential. S6 security-level shredding technology (the same standard used by banks) is utilized to destroy hard copies flagged for disposal. This damages any discarded materials so that not even the contents can be reconstructed, providing your organization the protection it needs against potential data breaches. The combination of secured digital means along with a superior level of physical document shredding provides you with the utmost protection of your private details and data.
Accounting and Bookkeeping Pricing
We believe in fair pricing and clear communication. As there are no hidden fees in our contracts, you will always know the scope from the outset.
We keep you in the loop with regular updates, so you know at all times what is happening in the accounting or auditing process. Being this forthcoming encourages a relationship of trust and reduces the chances of a misunderstanding which can lead to unnecessary delays or add cost.
Accounting
+ Complete Accounting Service
+ Corporate Accounting
+ Invoice Management
From EUR 120,00 / month
Payroll Management
+Employee Tax Calculations
+Employee Reporting
+Payroll Preparation
From EUR 20,00 / month
IntraStat
+ Statistical Data Service
+ Product Procurement Reporting
+ Official Reporting
From EUR 100,00 / month
At FirmaX Hungary we recognize that the success of any business is underpinned by the financial management of the enterprise. Businesses who cannot afford to compromise on quality rely on our fast and efficient accounting and bookkeeping services which are available for as low as EUR 120,00+VAT per month.
Building Long-Term Cooperations
We do not offer transaction-driven services; instead, we build the basis of a mutually beneficial and long-term partnership. We put our best foot forward in becoming a trusted partner on this journey, continuously providing high standards of service, working and guiding you on the complexities of the ever-changing regulations you need to comply with. In addition, we propose innovative solutions to help you streamline your financial processes.
Local and EU Compliance and Expertise
The legal environment in Hungary necessitates meticulous documentation, accurate accounting records, and transparent practices. This ensures that your business is meeting these obligations and is filing the required documentation with tax authorities, social security agencies, and other regulatory bodies.
Thanks to our background, we are also particularly well-positioned to help companies that operate across borders or are expanding to international markets, as we have in-depth knowledge of both Hungarian laws and EU directives. We provide continuous monitoring of your compliance requirements ensuring you avoid penalties and stay in good graces with stakeholders.
We have the professionals, many of whom are registered with the tax office as Hungarian Chartered Accountants, ready to deal with any questions and concerns from regulators. This all-around response to regulatory compliance is designed to allow you to concentrate on your business duties rather than local administrative matters.
Industry-Specific Accounting Expertise
Every industry has its own challenges and we have the expertise to assist with several industry-specific solutions. There are a huge number of transactions to handle per day as well as the correct VAT (‘ÁFA’) calculation for retailers. Manufacturers frequently require tight cost accounting and strong production tracking; technology firms can have elaborate payroll structures for quickly evolving workforces crossing borders.
No matter your industry, we can provide tailor-made strategies to ensure your way of working is compliant, and efficient, and remains in step with Hungarian and EU provisions. We help overseas businesses enter and grow in new markets, taking care of all elements of the accounting framework including VAT registrations and IntraStat reporting.
With companies entering the Hungarian market, we know about the difficulties coming along and we cover your needs ahead of time. From a small team of employees to a global enterprise, our scalable solutions grow with you so that your accounting infrastructure is always up to the task.
Take The Next Steps
Meeting regulatory compliance, accounting and audits can seem a daunting task, especially in a foreign country and there can be much to learn about different business cultures and customs. Accurate, transparent financial activities set the foundation for investor confidence and improved decision-making at all levels.
Everything from day-to-day bookkeeping and payroll to thorough audits and strategic advisement, we help you meet your legal obligations, allowing you to focus on growing your business. Even if your operations are limited to Hungary or international, we can streamline local and EU concerns to minimize ambiguity for your business.
Our focus is on a single point of contact for your accounting needs and commitment to reliable, proactive service with the use of secure technology to lead you. Get in touch today to discover how these services could elevate your operations in today’s dynamic market. This allows our clients to keep their focus where it belongs — on building a successful business, confident that all the financial minutiae are being handled, and compliant with all laws and regulations.
Don’t wait until compliance issues become obstacles. Partner with FirmaX Hungary today and ensure a seamless financial future. Contact us now for a consultation and let us provide you with tailored solutions that deliver confidence and clarity–your business deserves nothing less.
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Firmax Hungary Kft.
