Accounting Outsourcing in Russia
“Accounting Outsourcing in Russia” is a very successful and in-demand service in our product range. What does “Accounting Outsourcing in Russia” mean? How can your business in Russia benefit from this type of service?
The aim: We will take charge of your accounting function and any related tasks, enabling you to concentrate on your main business activities.
Russian accounting very much differentiates from accounting in Germany, Western Europe or the USA
1st example: The shapes of the documents used in Russian accounting are in most cases determined by law. Forms which have been designed and created by the company itself, only get valid after passing a intern assignment (“prikas”). The chart of accounts is not choseable as well, but gets determined from the financial office.
2nd example: the balance sheet, the profit and loss account as well as the declaration of the corporation taxes have to be handed in to the Russian tax authorities quarterly. Furthermore different documents have to be handed in to the Russian social security authority as well as to the Russian statistic office. All in all more than 15 reports have to be made every quarter.
3rd example: Payments that leave or enter the Russian Federation are subject to currency control. If the amount of a transfer exceeds 50,000 US Dollar (incl. VAT), there have to be filled out and handed in several documents in order to get the permission ( “Pasport Sdelki”/ trading pass) for the transfer even before the money has arrived. Therefore the contracts and invoices regarding this payment have to be submitted to the bank as well. Unexpected incidents often result in delays, which can be caused by, for example, missing stamps on the invoices. Then the company has to hand in a conformation that they do not use the round stamp mandatory and that they are registered abroad.
Those are just a few examples of typical formalities and bureaucratic issues in Russian accounting. This is why in Russian accounting there is generally twice the amount of documents to deal with as for example in Western Europe or the US resulting in a much higher workload.
Why is it so important, to make sure your accounting in Russia is in good hands?
All enterprises registered in Russia, including representative offices of foreign entities, are required by law to maintain accounting records. Failures in the reports or delays of them can lead to serious consequences such as fines or penalties, tax inefficiencies or even the freezing of the bank account. If the chief accountant (“Glavni Buchgalter”) in charge is responsible for these mistakes in the reports or for the delays he or even the chief executive officer can be charged personally. The selection of a Russian accountant can be rather tough. the outsourcing of the accountancy can be the best choice.
What are the advantages of Accounting Outsourcing?
- you don’t have to look for a Russian accountant and care about motivation and supervising.
- you don’t have to pay for recruiting, wages and quality management.
- as a contact person you will get a qualified Russian accountant who speaks English fluently.
- you always have access to our lawyers, IT-specialists and German consultants.
- all of our employees stick to the Artax Rufil Consulting Corporate principles.
- additional security due to the appliance of anti-virus and anti-spy software, regular training for our employees and further security standards.
- we are always loyal to our clients and partners.
- complete control and transparency on your business in Russia.
- long term thinking and long term business relationships in Russia.
- adoption of liability regarding to our accountancy contracts as well as a liability insurance.
- you can completely focus on your core business in Russia and earn more money that way.
Further reasons to work with Artax Rufil Consulting in Russia
- we are a quality, service and customer oriented company
- all of our employees stick to our corporate principles
- we are a German company and adhere to German virtues
- we work in Russia since 2007
- through our services and performances we support international companies in Russia and generate that way a higher quality of life for our clients, employees and investors
- we have access to a well-functioning network of experts in several business areas in Russia
Our service package “Accounting Outsourcing in Russia”
is more than the execution of basic accounting processes. Our service package is much broader and includes:
- financial accounting & taxation under Russian law;
- payroll and salary accounting including processing of business trips and documentation of personnel;
- online banking and payments;
- reporting and consulting services in English;
- courier services in Moscow and
- other services that facilitate your accounting function.
Our quality promise:
“Your contact person will be a senior accounting specialist with a good command of English who regularly participates in professional training, is permanently employed at Artax Rufil Consulting and based at our office in the very center of Moscow. Don’t settle for less!”
Highly qualified accountants, auditors, IFRS-experts, tax consultants, experts and programmers for automation, accounting software and IT-solutions as well as international management consultants work in our Moscow office. Our working languages are English, Russian and German.
Important information about accountancy and taxes in Russia (free download)
Inforrmational brochure Accounting and Taxes in Russia (37 pages)
Who are we?
We are a German-international medium-sized and owner managed Business Strategy Consulting Company in Moscow. With about 20 employees – most of us are financial experts, business consultants, accountants, tax advisors and consultants – we support German, Austrian, Swiss and other international companies in their business in Russia. How we work and what are our principles you will find out at: about us.
Successful business in Russia means action.
Here is our “call to action”
Get in contact with us by sending us an email or calling us. Besides that we would be happy to organize a video conference for you or welcome you in our office in the center of Moscow. This is the best way to get to know each other and discuss all upcoming questions. We are looking forward to meeting you!