Why employ a separate Accountant, Chief Accountant, Controller, Payroll Accountant, HR Assistant and Financial Assistant, if the team at Balance Point Consulting can provide you all this within one service? Our offer to
multinational corporations

Our services for domestic subsidiaries of multinational corporations:

You can rely on our knowledge!

The experts of our company gained their experience in multinational corporate groups in an international tax environment.
We are well aware of the terms used in a multinational environment, internal processes, owner needs, challenges, tasks and the right answers to the questions that arise.

International Controlling and Reporting Support

  • Performing of controlling tasks based on international and local management needs
  • Preparation of financial statements and lists
  • Preparing the international accounts within the framework of monthly closing P/L, Balance Sheet (based on US GAAP/IFRS accounting standards)
  • Providing financial information supporting budget, cash flow and forecast reports based on individual ownership needs
  • Producing corporate group level reports, in the central software, if needed
  • Controlling excels (giant excel files) — based on management needs
  • Regular financial information for decision-makers (numerical justification, interpretation of results, personal consultations if necessary))

We provide our service in both Hungarian and English language.

Accounting

  • Based on Hungarian and international accounting standards (US GAAP or IFRS)
  • Real time data processing (with weekly or daily recording cycle)
  • Hungarian SAP program experience
  • Full knowledge of international SAP R3 FI module
  • Use of other accountant/corporate governance system on demand
  • Preparation of HYPERION, COGNOS international report
  • Consolidated international accounts
  • Full contact with the auditor, conduct of pre-and final audits

Payroll and HR administration

  • Complex processes and situations related to the employment of workers complex treatment
  • Up to date tax knowledge
  • Settlement of posting abroad (daily allowance, cost accounting, etc.)
  • Payroll accounting for employees with expat status, avoidance of double personal income tax
  • Review, optimisation and operation of existing wage schemes (special application Modes and schedule of work, working hours, forms of wages, cafeteria, other tax-saving benefits)
  • Review, optimisation and operation of internal operational HR (wages and labour) processes
  • Personal or online contact (Q&A service) with employees on payroll and social security issues

Tax Consultancy

  • Answering VAT, TAO, KIVA, IPA, SZJA, environmental product fee, customs and other special sectoral tax questions in Hungary
  • Optimization of tax burden on the basis of Hungarian tax legislation
  • Tax optimisation, advice on tax incentives
  • Harmonisation of double taxation situations under the OECD Convention
  • Providing support during official control or full representation before tax authorities
  • Decision support assistance in the assessment of domestic and foreign (international) transactions, in the overview and elaboration of contracts
  • Participation of consultants with experience in international tax environments

Financial Administration

  • Optimisation of internal financial processes
  • Billing to domestic and foreign partners
  • Preparation of customer balance statements, handling customer balance and payment orders, correspondence
  • Processing, aggregating and transmitting of purchase orders to the appropriate process points
  • Preparation and recording of bank transfers
  • Preparation of suppliers’ statements, follow-up of suppliers’ balance
  • Contacts with suppliers and customers
  • Processing, aggregating and transmitting of Expense reports and Travel Request Forms to the appropriate process points
  • InterCompany AR/AP negotiations before month closing

PROCESS

Slide Anyagbeérkezés Material Processing

Results Processing
Results
Reports
Management Controlling
Financial statements
P/L, Balance Sheet
Financial information to
budget, cash flow
and forecast reports
Group level reports
Controlling excels
Evaluation of results
Szerverre feltöltés
Számlák
Bankkivonatok
Egyéb dokumentumok
Pdf és excel formátumú fájlok
Bookkeeping
Moving files
between programs
Data scanning
Inspection
Replacement of
manual data recording
with programs
Taxes to be transferred
(VAT, kiva, company car
tax, tao)
General ledger extract
Profit and loss account
Balance sheet
Counting
Preparation of tables
Preparation of reports
Text evaluation of results

Material Receipt

  • Upload to server
  • Accounts
  • Bank account statements
  • Other documents
  • Pdf and excel files

Material Processing

  • Bookkeeping
  • Moving files between programs
  • Data scanning
  • Inspection
  • Replacement of manual data recording with programs

Results

  • Taxes to be transferred (VAT, kiva, company car tax, tao)
  • General ledger extract
  • Profit and loss account
  • Balance sheet

Processing Results

  • Counting
  • Preparation of tables
  • Preparation of reports
  • Text evaluation of results

Reports

  • Management Controlling
  • Financial statements
  • P/L, Balance Sheet
  • Financial information to budget, cash flow and forecast reports
  • Group level reports
  • Controlling excels
  • Evaluation of results