Accounting and reporting

Accounting and reporting in Russia

We offer accounting and reporting services in Russia. Our employees are highly professional experts with specific accounting knowledge from different industries. Request an individual offer for accounting services now.

Request information

Accounting outsourcing in Russia

Advantages of outsourcing Russian Accounting and Bookkeeping

SCHNEIDER GROUP offers you the possibility of outsourcing your entire accounting (bookkeeping) in Russia. Especially for smaller and medium-sized enterprises, the outsourcing of accountancy will lead to higher cost efficiency and will enable you to focus on your core business in Russia. The outsourcing of your finance in Russia, especially the Russian accounting includes daily bookings and preparation of documents and reports for the Russian tax- and social authorities.

High complexity of Russian accountancy and finance

A challenge in finance in Russia is that the Russian accounting and reporting is highly formalistic and bureaucratic. Besides, tax regulations are much more relevant in Russian bookkeeping and finance system in whole than in Western. Combined with the obligation to file complete reports quarterly, the effort, that needs to be put into accounting (bookkeeping) in Russia is much higher than in Western countries.

Our services concerning Russian accounting and tax reporting:

  • Conducting all daily bookings,
  • Accounting of fixed assets,
  • Salary accounting,
  • Quarterly reports to Russian tax authorities, including preparation of all relevant closings and reports to social funds
  • Calculation and reporting of all types of taxes,
  • Preparation of all bookkeeping documents for monetary transactions,
  • Filing of bank reports, e.g. for currency control,
  • Consulting on Russian finance, daily accounting and taxation matters,
  • Preparation of all HR documents demanded by Russian law.
Learn more!

Our offices are located in Moscow and St. Petersburg. Do you have questions regarding Russian Accounting? Simply call our Moscow office under +7 495 956 55 57 or the St. Petersburg office dialing +7 812 458 58 00. You can also send us an email to info@schneider-group.com.

Offices in Moscow and St. Petersburg

You are already in Russia or planning a business trip to Moscow or St. Petersburg? We would be glad to welcome you in our offices and discuss your business and our services with you face to face.

Payroll accounting in Russia

Appraisal of Russian payroll accounting and salary in Russia

Payroll accounting in Russia is an integral part of the accounting and tax system. The Russian payroll accounting includes the generation of various extensive documents about the salary and personnel administration such as monthly overviews of working hours and diverse internal adjustments (so-called “prikazy”).

Payroll accounting in Russia – complexity and opacity

Even in standard cases the complexity of the Russian payroll accounting astonishes most Western investors. For example, when taking vacation, an employee does not receive his/her regular salary, but the average salary of the previous 12 months. While the regular salary in Russia is reduced by unaccomplished working days, the salary during vacation is based on calendar days, which leads to even more complexity and non-transparent calculations in the Russian payroll accounting.

Our services for payroll accounting and salaries in Russia
  • Calculation of payroll, twice a month (according to Russian law)
  • Calculation and declaration of contribution to social funds
  • Calculation and declaration of withhold personal income tax for each employee, residents and non-residents
  • Calculations of payroll taxes and social taxes for preparation of payment orders (monthly)
  • Calculations of payments for sick-leave
  • Calculations of payments for vacations
  • Monthly calculation of unused vacation reserve
  • Data on personal income (2NDFL), personalised pension fund report Preparation of pay slips with details about salary calculation
  • Monthly preparation of overview of bookings related to payroll accounting
  • Management reports on payroll accounting tailored to your needs
  • Preparation of all salary / tax / pension payment orders
  • Annual overview of vacation of all employees
  • Annual preparation of the list of staff members, changes in the list of staff
Contact us!

Our offices are located in Moscow and St. Petersburg. Do you have questions regarding our service Payroll Accounting in Russia? Simply call our Moscow office under +7 495 956 55 57 or the office in St. Petersburg dialing +7 812 458 58 00. You can also send us an email to info@schneider-group.com.

Offices in Moscow and St. Petersburg

You are already in Russia or planning a business trip to Moscow or St. Petersburg? We would be glad to welcome you in our offices and discuss your business and our services with you face to face.

Reporting and taxation in Russia

Taxation and Reporting System in Russia

Reporting in Russia, as well as taxation, is very complex because Russian accounting is not predominantly influenced by commercial law, but by tax regulations. Russian accounting is thus extremely formalistic, and the legal requirement to a quarterly reporting system, including the balance sheets and profit and loss statements, leads to an enormous amount of work. About 15 documents must be filed each quarter for reporting in Russia.

Our accounting services help you to prepare all necessary reports (e.g. company tax reports) as required by the taxation and reporting system in Russia. Apart from compiling reports for Russian authorities in Russian, we can also prepare summaries for you in German and English.

Contact us!

Our offices are located in Moscow and St. Petersburg. Do you have questions regarding our service Reporting and Taxation or Company Tax Reports in Russia? Simply call our Moscow office under +7 495 956 55 57 or the St. Petersburg office dialing +7 812 458 58 00. You can also send us an email to info@schneider-group.com to get more information about this topic.

Offices in Moscow and St. Petersburg

You are already in Russia or planning a business trip to Moscow or St. Petersburg? We would be glad to welcome you in our offices and discuss our services concerning Reporting and Taxation with you face to face.

US GAAP and IFRS in Russia

Differences between Russian accounting & IFRS / US GAAP

In Russia, accounting standards are dominated much more by tax regulations than by commercial standards. Hence, the focus is on ensuring accurate tax calculations rather than having useful data that shows the full economic picture of the company. Furthermore, the rigid tax regulations exclude many transactions either due to non-deductibility, insufficient documentation standard or for other reasons which will, in contrast to IFRS and US GAAP standards, not show up in the accounting and thus the full economic view of the company will be distorted.

The most important differences at a glance

Russia is making a consistent effort to migrate towards IFRS, but this will take many years. Currently, the most significant differences are:

  • IFRS / US GAAP focus on substance over form.
  • IFRS and US GAAP show most assets at fair or present value.
  • Under Russian GAAP, only those transactions which actually occurred and which are supported with signed documents can be recorded in the accounting system.
  • IFRS and US GAAP treat revenues generated from long-term contracts differently.
  • Russian GAAP has significantly different rules for accruals and depreciation than IFRS.
  • Russian tax accounting allows changes to prior periods which create reconciliation issues in IFRS.
  • IFRS and US GAAP provide more opportunities to capture revenue and expense that is omitted in local GAAP.

Types of IFRS financial statements we provide:

  • Preparation of full scope IFRS and US GAAP financial statements, including Balance Sheet, Profit and Loss Statement, Statement of Changes in Equity, Cash Flow and Notes.
  • Preparation of limited scope, pro-forma financial statements under IFRS or US GAAP.
  • Preparation of management reports under IFRS and US GAAP.
Transformation from Russian standards to IFRS / US GAAP

To understand better and use your Russian accounting data, they should be converted or transformed to Western accounting standards and often, this is simply unavoidable. Our financial experts are knowledgeable and have the right certification to complete transformations to IFRS, US GAAP or to your specific corporate reporting standards. We provide several different options for this service.

Also, we work closely with our business partner, ITAN, the company that implements leading software solutions for international financial and management accounting.

Learn more!

Our offices are located in Moscow and St. Petersburg. Do you have questions regarding US GAAP and IFRS in Russia? Simply call our Moscow office under +7 495 956 55 57 or the office in St. Petersburg dialing +7 812 458 58 00. You can also send us an email to info@schneider-group.com.

Offices in Moscow and St. Petersburg

You are already in Russia or planning a business trip to Moscow or St. Petersburg? We would be glad to welcome you in our offices and discuss your business and our services with you face to face.

Management Reporting in Russia

Management Reporting in Russia

As Russian accounting regulations are very formalistic and consequently have very little economical significance, it is often recommendable to prepare additional reports based on Western accounting standards. Cost centers and cost unit calculations are unknown in Russian accounting. Even cost categories are not represented in the standard profit and loss statements.

As experts in the field of financial analysis we will generate various types of management reports for you:

  • Management reports according to your requirements. You might have Excel-Standards, which are already used monthly in other countries. We can adopt these to Russian accounting.
  • Simple Aggregate Amount and Account Balance in German or English, supplemented with comments on balances, which would be different according to the Western understanding.
  • Reports with cost centers
  • Short summaries in German or English about the numbers, which result from the reports for the Russian authorities.

Timing is often a crucial point. Whereas Russian authorities don’t know about Fast Closing (very quick closing, using some estimations), we are aware of your need to receive a report shortly after the end of the reporting period.

Contact us!

Our offices are located in Moscow and St. Petersburg. Do you have questions regarding our service Management Reporting? Simply call our Moscow office under +7 495 956 55 57 or the St. Petersburg office dialing +7 812 458 58 00. You can also send us an email to info@schneider-group.com.

Offices in Moscow and St. Petersburg

You are already in Russia or planning a business trip to Moscow or St. Petersburg? We would be glad to welcome you in our offices and discuss your business and our services with you face to face.

Image about SCHNEIDER GROUP offering accounting outsourcing

Accounting and reporting in Kazakhstan

We offer accounting and reporting services in Kazakhstan. Our employees are highly professional experts with specific accounting knowledge from different industries. Request more information about our accounting services now.

Request information

Accounting outsourcing in Kazakhstan

SCHNEIDER GROUP offers you a wide range of accounting services, including outsourcing of your entire accounting department. Our professionals provide services to companies operating in different industries and deal with accounting in such fields as construction, retail, forwarding, subsoil, pharmaceuticals and trade.

Our accounting and tax specialists help you perform all necessary daily business operations, which include the following:

  • Accounting bookkeeping. We will help you to concentrate on your business development and provide you with all necessary bookkeeping details in the most effective and flexible way.
  • Payroll accounting. We can calculate your salary in compliance with Kazakhstani and international legislation.
  • Import-Export transactions. We can help you with arrangement of all necessary bookkeeping details for your international business transactions to comply with Kazakhstani law.
  • Tax compliance. We can help you not only with calculation of your taxes, but also with optimization and review of tax risks of all your operations.
  • Management Reports. Our Company is proficient in preparation of reports with all necessary requirements of your head office.
  • Accounting rebuilding. We cannot audit your bookkeeping, but we can help you rebuild your accounting database to be complaint with IFRS and Tax Legislation.
  • Accounting policy. We can develop accounting policy for you according to the International Financial Reporting Standards.
Learn more!

If you want to get more information about our Accounting Outsourcing services, please do not hesitate to contact SCHNEIDER GROUP in Kazakhstan via phone under +7 727 355 44 48. You can also send us an email to almaty@schneider-group.com.

Offices in Almaty, Aktau and Astana

You are already in Kazakhstan or planning a business trip to Almaty, Aktau or Astana? We would be glad to welcome you in our offices and discuss our services with you face to face.

Payroll Accounting in Kazakhstan

Payroll outsourcing is a business practice that involves contracting with a business service to handle all the functions related to a company’s payroll.

SCHNEIDER GROUP offers comprehensive payroll services and payroll outsourcing over Kazakhstan:

  • Calculation of salary including benefits in kind based on the labor agreements, timesheets, internal orders, expense reports and other information provided by the client
  • Calculation of payments for sick-leave, vacation and unused vacation
  • Preparation of payment orders or SWIFT files for salary and payroll taxes
  • Preparation of individual pay-slips with detailed information on the monthly salary calculation
  • Preparation of payroll register reports that show all salary details
  • Preparation and submission of tax returns to the tax authorities related to payroll taxes and taxes on individuals
  • Preparation and submission of statistical returns to the statistical authorities related to payroll
  • Internal salary reports requested by the client

With SCHNEIDER GROUP your company will save on overheads and improve accuracy and efficiency of the payroll process by using the most cost effective payroll service and payroll team.

With SCHNEIDER GROUP your company will make it possible to manage the payroll process without the need to maintain a large payroll department.

SCHNEIDER GROUP´s highly qualified specialists provide flexible service that will respect your preferences, systems and methods of working. We help increase the quality of your product an profitability of your business. We simplify the complexities and offer highly comprehensive and best practice payroll services.

Learn more!

If you want to get more information about our Payroll Outsourcing services, please do not hesitate to contact SCHNEIDER GROUP in Kazakhstan via phone in Almaty under +7 727 355 44 48. You can also send us an email to almaty@schneider-group.com.

Offices in Almaty, Aktau and Astana

You are already in Kazakhstan or planning a business trip to Almaty, Aktau or Astana? We would be glad to welcome you in our offices and discuss our services with you face to face.

Reporting and Taxation in Kazakhstan

Reporting in Kazakhstan, as well as taxation, is very complex because Kazakhstani accounting is not predominantly influenced by commercial law, but by tax regulations. Kazakhstani accounting is thus extremely formalistic.

Our accounting services help you prepare all necessary reports (e.g. company tax reports) as required by the taxation and reporting system in Kazakhstan. Apart from compiling reports for Kazakhstani authorities, we can also prepare summaries for you in German and English.

Learn more!

If you want to get more information about Taxation and Reporting System in Kazakhstan, please do not hesitate to contact SCHNEIDER GROUP in Kazakhstan via phone in Almaty under +7 727 355 44 48. You can also send us an email to almaty@schneider-group.com.

Offices in Almaty, Aktau and Astana

You are already in Kazakhstan or planning a business trip to Almaty, Aktau or Astana? We would be glad to welcome you in our offices and discuss our services with you face to face.

IFRS in Kazakhstan

IFRS (International Financial Reporting Standards) have become the common language for financial reporting worldwide. Organizations need to proactively manage the impact of these principles-based standards on the reporting of their complex transactions. They also need to stay up to date on the constant evolution of IFRSs.

The most important differences at a glance:

  • IFRS implies substance over form.
  • IFRS stipulates presentation of most items at fair value.
  • IFRS implies special treatment of revenues generated per long-term contracts.
  • IFRS provides more opportunities to treat items omitted or not-recorded in local GAAP.

SCHNEIDER GROUP’s IFRS experts provide the following service to its clients:

  • Preparation of financial reporting to the HQ according to IFRS on a monthly, quarterly and annual basis;
  • Tax package including monthly deferred income tax position in compliance with IAS 12;
  • Developing and implementing of a continuous accounting methodology in accordance with IFRS taking into account the specifics of the software used in the company as well as on the basis of ERP-systems;
  • Developing and testing of individual documents: IFRS accounting policies, financial statements, charts of accounts, formats for IFRS disclosures;
  • Elaboration and preparation of management reports;
  • Budgeting, forecasting (Rolling forecast);
  • Analysis of deviations (Actual vs Budget, Actual vs Forecast);
  • Implementation of management accounting system, elaboration of reporting methodology;
  • Defending financial statements with the auditors and providing accounting support when working with investment banks, rating agencies, creditors, investors and other interested parties;
  • Preparation of recommendations on how to continue with the IFRS transition;
  • Conducting IFRS training and education programs for company employees;
  • Organizing seminars and consulting for the client’s employees on accounting standards in order to prepare financial statements in accordance with high standards;
  • Implementing our automated reporting system in accordance with IFRS
Learn more!

If you want to get more information about IFRS in Kazakhstan, please do not hesitate to contact SCHNEIDER GROUP in Kazakhstan via phone in Almaty under +7 727 355 44 48. You can also send us an email to almaty@schneider-group.com.

Offices in Almaty, Aktau or Astana

You are already in Kazakhstan or planning a business trip to Almaty, Aktau or Astana? We would be glad to welcome you in our offices and discuss our services with you face to face.

Management Reporting in Kazakhstan

Management reporting reflects a true and fair view of the business affairs of an organization. As statements are used by various constituents of the society / regulators, they need to indicate a true view of the financial position of the organization and they are very helpful to check the financial position of the business for a specific period. As expert in the field of financial analysis SCHNEIDER GROUP will help you with generating of various types of management reports:

  • Management reports according to group requirements;
  • Simple aggregate amount and account balance in German or English supplemented with comments on balances that would be different according to Western understanding;
  • Reports with a split by cost centers;
  • Short summaries in German or English about the numbers that show a result from the reports for Kazakhstani authorities.
Learn more!

If you want to get more information about Management Reporting in Kazakhstan, please do not hesitate to contact SCHNEIDER GROUP in Kazakhstan via phone in Almaty under +7 727 355 44 48. You can also send us an email to almaty@schneider-group.com.

Offices in Almaty, Aktau and Astana

You are already in Kazakhstan or planning a business trip to Almaty, Aktau or Astana? We would be glad to welcome you in our offices and discuss our services with you face to face.

Get in touch with us

Kirill Afanasyev
General Director, Almaty, Astana, Aktau
+7 (727) 355 44 48
Image about SCHNEIDER GROUP offering accounting outsourcing

Accounting and reporting in Belarus

We offer accounting and reporting services in Belarus. Our employees are highly professional experts with specific accounting knowledge from different industries. Request an individual offer for accounting services now.

Request information

Accounting outsourcing in Belarus

SCHNEIDER GROUP offers you the possibility of outsourcing your entire accounting in Belarus. Especially for smaller and medium-sized enterprises, such outsourcing will lead to higher cost efficiency and will enable you to focus on your core business. The outsourcing of accounting includes the daily bookings and the preparation of documents and reports for the tax- and other authorities.

Belarusian accounting and reporting is highly formalistic and bureaucratic. Besides, in practice tax regulations are much more relevant. Combined with the obligation to file in some cases tax and statistics reports monthly, the effort, which needs to be put into accounting, is much higher than in Western countries.

Our services concerning Belarusian accounting and tax-reporting:

  • Conducting all daily bookings,
  • Accounting of fixed assets,
  • Salary accounting,
  • Reports to social funds,
  • Calculation and reporting of all types of taxes, which include the preparation of all relevant closings,
  • Statistics reporting (monthly, quarterly, annual),
  • Preparation of all documents for monetary transactions,
  • Filing of bank reports, e.g. for currency control,
  • Consulting on daily accounting and taxation matters,
  • Preparation of all HR documents demanded by Belarusian law.
Office in Minsk

Our office is located in Minsk. Do you have questions regarding Belarusian accounting and bookkeeping?
Simply call our Minsk office +375 / 17 / 290 25 57. You can also send us an email to minsk@schneider-group.com.

You are already in Belarus or planning a business trip to Minsk? We would be glad to welcome you in our offices and discuss your business and our services with you face to face.

Payroll accounting in Belarus

Payroll accounting in Belarus is an integral part of the accounting and tax system. It includes the generation of various extensive documents about personnel administration such as monthly overviews of working hours and diverse internal adjustments.

Even in standard cases the complexity of the Belarusian payroll accounting astonishes most Western investors. For example, when taking a vacation, an employee does not receive his regular salary but the average salary of the previous 12 months. While the regular salary is reduced by unaccomplished working days, the salary during vacation is based on calendar days, which leads to even more complexity and non-transparent calculations.

Our services for payroll accounting and salaries in Belarus
  • Calculation of payroll, twice a month (according to Belarusian law),
  • Calculation and declaration of contribution to social funds,
  • Calculation and declaration of withhold personal income tax for each employee, residents and non-residents,
  • Calculations of payroll taxes and social taxes for preparation of payment orders (monthly),
  • Calculations of payments for sick-leave,
  • Calculations of payments for vacations,
  • Monthly calculation of unused vacation reserve,
  • Data on personal income (2NDFL), personalized pension fund report Preparation of pay slips with details about salary calculation,
  • Monthly preparation of overview of bookings related to payroll accounting,
  • Management reports on payroll accounting tailored to your needs,
  • Preparation of all salary / tax / pension payment orders,
  • Annual overview of vacation of all employees,
  • Annual preparation of the list of staff members, changes in the list of staff.
Office in Minsk

Our office is located in Minsk. Do you have questions regarding Payroll Accounting in Belarus?
Simply call our Minsk office +375 / 17 / 290 25 57. You can also send us an email to minsk@schneider-group.com.

You are already in Belarus or planning a business trip to Minsk? We would be glad to welcome you in our offices and discuss your business and our services with you face to face.

US GAAP and IFRS in Belarus

In Belarus accounting procedures are dominated much more by tax regulations than by commercial standards. Furthermore, due to missing documents many transactions which have already been concluded will not show up in the accounting, and thus the economical representation of the company will be biased.

Hence a transition to the Western accounting standards for financial analysis is unavoidable. Our financial experts can take care of the complete transition to Western accounting standards. We can also follow the specific regulations that your company has pre-defined for internal accounting.

The most important differences at a glance

Belarus is making a consistent effort to migrate towards IFRS, but this will take many years. Currently, the most significant differences are:

  • IFRS / US GAAP focus on substance over form,
  • IFRS and US GAAP show most assets at fair or present value,
  • Under Belarusian GAAP, only those transactions which actually occurred and which are supported with signed documents can be recorded in the accounting system,
  • IFRS and US GAAP treat revenues generated from long-term contracts differently,
  • Belarusian GAAP has significantly different rules for accruals and depreciation than IFRS,
  • Belarusian tax accounting allows changes to prior periods which create reconciliation issues in IFRS,
  • IFRS and US GAAP provide more opportunities to capture revenue and expense that is omitted in local GAAP.

Types of IFRS financial statements we provide:

  • Preparation of full scope IFRS and US GAAP financial statements, including Balance Sheet, Profit and Loss Statement, Statement of Changes in Equity, Cash Flow and Notes;
  • Preparation of limited scope, pro-forma financial statements under IFRS or US GAAP;
  • Preparation of management reports under IFRS and US GAAP.
Transformation from Belarusian standards to IFRS / US GAAP

To understand better and use your Belarusian accounting data, they should be converted or transformed to Western accounting standards and often, this is simply unavoidable. Our financial experts are knowledgeable and have the right certification to complete transformations to IFRS, US GAAP or to your specific corporate reporting standards. We provide several different options for this service.

Also, we work closely with our business partner, ITAN, the company that implements leading software solutions for international financial and management accounting.

Office in Minsk

Do you have questions regarding US-GAAP and IFRS in Belarus? Simply call our Minsk office dialing +375 / 17 / 290 25 57.  You can also send us an email to minsk@schneider-group.com.

You are already in Belarus or planning a business trip to Minsk? We would be glad to welcome you in our offices and discuss your business and our services with you face to face.

Management Reporting in Belarus

As Belarusian accounting regulations are very formalistic and consequently have very little economical significance, it is often recommendable to prepare additional reports based on Western accounting standards. Cost centers and cost unit calculations are unknown in Belarusian accounting. Even cost categories are not represented in the standard profit and loss statements.

As experts in the field of financial analysis we will generate various types of management reports for you:

  • Management reports according to your requirements. You might have Excel-Standards, which are already used monthly in other countries. We can adopt these to Belarusian accounting;
  • Simple Aggregate Amount and Account Balance in German or English, supplemented with comments on balances, which would be different according to the Western understanding;
  • Reports with cost centers;
  • Short summaries in German or English about the numbers, which result from the reports for the Belarusian authorities.

Timing is often a crucial point. Whereas Belarusian authorities don’t know about Fast Closing (very quick closing, using some estimations), we are aware of your need to receive a report shortly after the end of the reporting period.

Office in Minsk

Our office is located in Minsk. Do you have questions regarding Management Reporting in Belarus?
Simply call our Minsk office +375 / 17 / 290 25 57. You can also send us an email to minsk@schneider-group.com.

You are already in Belarus or planning a business trip to Minsk? We would be glad to welcome you in our offices and discuss your business and our services with you face to face.

Image about SCHNEIDER GROUP offering accounting outsourcing

Accounting and reporting in Ukraine

We offer accounting and reporting services in Ukraine. Our employees are highly professional experts with specific accounting knowledge from different industries. Request an individual offer for accounting services now.

Request information

Accounting outsourcing in Ukraine

SCHNEIDER GROUP offers you the possibility of outsourcing your entire accounting in Ukraine. Especially for smaller and medium-sized enterprises, the outsourcing of accountancy will lead to higher cost efficiency and will enable you to focus on your core business in Ukraine. The outsourcing of Ukrainian accounting includes daily bookings and preparation of documents and reports for the Ukrainian tax- and social authorities.

High complexity of Ukrainian accountancy

Ukrainian accounting and reporting is highly formalistic and bureaucratic. Besides, tax regulations are much more relevant in Ukrainian practice than in Western accountancy. Combined with the obligation to file complete reports quarterly, the effort that needs to be put into accounting in Ukraine is much higher than in Western countries.

Our services concerning Ukrainian accounting and tax reporting:

  • Conducting all daily bookings
  • Accounting of fixed assets
  • Salary accounting
  • Quarterly reports to Ukrainian tax authorities, including preparation of all relevant closings and reports to social funds
  • Calculation and reporting of all types of taxes
  • Preparation of all documents for monetary transactions
  • Filing of bank reports, e.g. for currency control
  • Consulting on daily accounting and taxation matters
  • Preparation of all HR documents demanded by Ukrainian law
Learn more!

Our office is located in Kyiv. Do you have questions regarding Ukrainian Accounting? Simply call our Kyiv office under +380 / 44 / 490 55 28. You can also send us an email to kyiv@schneider-group.com.

Office in Kyiv

You are already in Ukraine or planning a business trip to Kyiv? We would be glad to welcome you in our office and discuss your business and our services with you face to face.

Payroll accounting in Ukraine

Payroll accounting in Ukraine is an integral part of the accounting and tax system. The Ukrainian payroll accounting includes the generation of various extensive documents about personnel administration such as monthly overviews of working hours and diverse internal adjustments (so-called “nakazy”).

Payroll accounting in Ukraine – complexity and opacity

Even in standard cases the complexity of the Ukrainian payroll accounting astonishes most Western investors. For example, while the regular salary is reduced by unaccomplished working days, the salary during vacation is based on calendar days, which leads to even more complexity and non-transparent calculations in the Ukrainian payroll accounting.

Our services for payroll accounting in Ukraine:

  • Calculation of payments;
  • Preparation of payment orders for payroll taxes;
  • Calculation and declaration of withholding of personal income tax;
  • Calculation and declaration of contribution to social funds.
Contact us!

Our office is located in Kyiv. Do you have questions regarding our service Payroll Accounting in Ukraine? Simply call our office under +380 / 44 / 490 55 28. You can also send us an email to kyiv@schneider-group.com.

Office in Kyiv

You are already in Ukraine or planning a business trip to Kyiv? We would be glad to welcome you in our offices and discuss your business and our services with you face to face.

Reporting and taxation in Ukraine

Reporting and Taxation are very complex in Ukraine. In general, formal requirements prevail over substance (visible economic facts). Thus, a chart of accounts of a company cannot be designed in accordance with the economic needs of a company, but it is subject to governmental regulations.

As a result, the number of accounting entries to be done by the local companies is about twice as much as in comparison with those required for entries from Western Europe under comparable circumstances. Correspondingly, the amount of supporting documents to be provided or produced by a local company exceeds Western standards by several times.

Accounting is thus extremely formalistic, and the legal requirement to report in some cases quarterly, leads to an enormous amount of work.

Our accounting services help you to prepare all the necessary reports. Apart from compiling reports for Ukrainian authorities in Ukrainian, we can also prepare summaries for you in German, English and Russian.

Contact us!

Our office is located in Kyiv. Do you have questions regarding Reporting and Taxation in Ukraine? Simply call our office under +380 / 44 / 490 55 28. You can also send us an email to kyiv@schneider-group.com.

Office in Kyiv

You are already in Ukraine or planning a business trip to Kyiv? We would be glad to welcome you in our offices and discuss your business and our services with you face to face.

US GAAP and IFRS in Ukraine

In Ukraine accounting procedures are dominated much more by tax regulations than by commercial standards. Furthermore, due to missing documents many transactions which have already been concluded will, in contrast to IFRS and US GAAP standards, not show up in the accounting, and thus the economical representation of the company will be biased.

The most important differences at a glance
  • IFRS / US GAAP imply substance over form;
  • IFRS and US GAAP stipulate presentation of most items at fair value;
  • Under Ukrainian GAAP only those transactions can be treated which actually occurred and were supported with sealed and signed documents;
  • IFRS and US GAAP imply special treatment of revenues generated per long-term contracts;
  • Ukrainian GAAP does not allow accruals and depreciation in terms of IFRS;
  • Ukrainian GAAP does not allow preliminary closing of the period before period actually ends;
  • IFRS and US GAAP provide more opportunities to treat items omitted or not-recorded in local GAAP.
Types of IFRS financial statements we provide:
  • Preparation of full scope IFRS and US GAAP financial statements, including Balance Sheet, Profit and Loss Statement, Statement of Change in Equity, Cash Flow and Notes;
  • Preparation of limited scope pro-forma financial statements under IFRS or US GAAP;
  • Preparation of management reports under IFRS and US GAAP.
Automatic transition to IFRS / US GAAP in Ukraine

A transition to the Western accounting standards for financial analysis in Ukraine is unavoidable. With our financial experts we can take care of the complete transition to IFRS and US GAAP standards. We can also follow the specific regulations that your company has pre-defined for internal accounting.

Learn more!

Our office is located in Kyiv. Do you have questions regarding automatic transition to IFRS / US GAAP in Ukraine? Simply call our Kyiv office under +380 / 44 / 490 55 28.
You can also send us an email to kyiv@schneider-group.com.

Office in Kyiv

You are already in Ukraine or planning a business trip to Kyiv? We would be glad to welcome you in our office and discuss your business and our services with you face to face.

Management Reporting in Ukraine

As Ukrainian accounting regulations are very formalistic and consequently have very little economic significance, it is often recommendable to prepare additional reports based on Western accounting standards. Cost centers and cost unit calculations are unknown in Ukrainian accounting. Even cost categories are not represented in the standard profit and loss statements.

As experts in the field of financial analysis we will generate various types of management reports for you:

  • Management reports according to your requirements. You might have Excel-Standards, which are already used monthly in other countries. We can adopt these to Ukrainian accounting.
  • Simple Aggregate Amount and Account Balance in German or English, supplemented with comments on balances, which would be different according to the Western understanding.
  • Reports with cost centers.
  • Short summaries in German or English about the numbers, which result from the reports for the Ukrainian authorities.

Timing is often a crucial point. Whereas Ukrainian authorities don’t know about Fast Closing (very quick closing, using some estimations), we are aware of your need to receive a report shortly after the end of the reporting period.

Contact us!

Our office is located in Kyiv. Do you have any additional questions regarding the topic? Simply call our office under +380 / 44 / 490 55 28. You can also send us an email to kyiv@schneider-group.com.

Office in Kyiv

You are already in Ukraine or planning a business trip to Kyiv? We would be glad to welcome you in our offices and discuss your business and our services with you face to face.

Image about SCHNEIDER GROUP offering accounting outsourcing

Accounting and reporting in Poland

We offer accounting and reporting services in Poland. Our employees are highly professional experts with specific accounting knowledge from different industries. Request an individual offer for accounting services now.

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Accounting outsourcing in Poland

Advantages of outsourcing your accounting in Poland

SCHNEIDER GROUP offers you the possibility of outsourcing your entire accounting in Poland. Especially for smaller and medium-sized enterprises, the outsourcing of the accountancy will lead to higher cost efficiency and will enable you to focus on your core business in Poland. The outsourcing of Polish accounting includes daily bookings and preparation of documents and reports for the Polish tax and social authorities.

High complexity of Polish accounting

Polish accounting and reporting is relatively formalistic and bureaucratic. Tax regulations are strictly executed by the tax authorities in Poland and resemble Western accounting. Combined with the obligation to file complete reports on a regular basis, the effort that needs to be put into bookkeeping in Poland is significant.

Our services in Polish accounting and tax reporting are:

  • Conduct all daily bookings,
  • Accounting of fixed assets,
  • Salary accounting,
  • Reporting to Polish tax authorities, including preparation of all relevant closings and reports to social and health security authority,
  • Calculation and reporting of all types of taxes,
  • Filing of bank reports,
  • Consulting on daily accounting and taxation matters,
  • Preparation of all HR documents demanded by Polish law.
Learn more!

Our office is located in the very center of Warsaw. Do you have questions regarding Polish Accounting? Simply call our Warsaw office at +48 22 695 03 10. You can also send us an email to warsaw@schneider-group.com.

Office in Warsaw

Are you already in Warsaw or planning a business trip to the capital? We would be glad to welcome you to our office and discuss your business and our services with you face-to-face.

Payroll accounting in Poland

Overview of payroll accounting in Poland

Payroll accounting in Poland is an integral part of the accounting and taxation system. The Polish payroll accounting includes the preparation of various, extensive documents about personnel administration such as health and safety regulations and/or medical screenings.

Payroll accounting in Poland – complexity and non-transparency

Payroll accounting regulations in Poland are unique. Therefore the need for specialists in Payroll on the Polish market is enormous. The unclear instances, when the law can be interpreted in a number of ways, raises the need for experienced experts / consultants who combine the theoretical knowledge with practical experience. Complexity and non-transparent calculations in Polish payroll accounting are often very problematic for the employer.

Our services for payroll accounting in Poland include:

  • Calculation of salary & tax payments,
  • Calculation and preparation of returns for personal income tax,
  • Calculation and preparation of returns for medical and social security contribution and work fund as well.
Contact us!

Our office is located in Warsaw. Do you have questions regarding our Payroll Accounting services in Poland? Simply call our Warsaw office at +48 22 695 03 10. You can also send us an email to warsaw@schneider-group.com.

Office in Warsaw

Are you already in Warsaw or planning a business trip to the capital? We would be glad to welcome you to our office and discuss your business and our services with you face-to-face.

Get in touch with us

Adrian Branny
General Director, Warsaw
+48 (22) 695 03 1
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