This involves the following main activities:
Ensuring Compliance & Reporting Standards
- Ensuring compliance with reporting standards (local Romanian GAAP, IFRS, or group-specific).
- Monthly, quarterly, and annual financial closings.
- Preparing reports for management, investors, and authorities.
- Consolidating financial statements for multinational groups.
Statutory (Financial) Accounting
- Recording primary accounting documents (invoices, receipts, bank statements, payment/collection orders).
- Maintaining purchase and sales journals.
- Fixed asset accounting and depreciation calculation.
- Inventory accounting (entries, exits, stock counts, adjustments).
- Reconciling accounts (customers, suppliers, banks, petty cash, advances).
- Preparing monthly trial balances.
- Preparing periodic and annual financial statements (balance sheet, profit and loss account, explanatory notes).
Management (Managerial) Accounting
- Calculating costs by cost centers, products, or projects.
- Margin and profitability analysis.
- Budgeting and monitoring budget execution.
- Internal reporting for management (cash flow, forecasts, KPIs).
Tax Compliance & Reporting to Authorities
- Calculating, declaring, and paying taxes (VAT, corporate tax, micro-enterprise tax, local taxes).
- Calculating and declaring payroll contributions and other fiscal obligations.
- Preparing and filing periodic tax returns (e.g., D100, D101, D112, D300, D394, D406, etc. – in Romania).
- Managing the relationship with tax authorities.
Support for Audit & Due Diligence
- Preparing documentation for internal and external audits.
- Collaborating with financial auditors, valuers, and legal advisors.