Full Accounting Services

At PKF, we specialize in providing comprehensive accounting services tailored to the individual needs of our clients, regardless of the industry in which they operate. Our approach combines traditional working methods with innovative technological solutions, allowing for effective financial management and ensuring compliance with applicable regulations and accounting standards, such as the Accounting Act (UoR), International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), and Generally Accepted Accounting Principles (US GAAP).


Accounting Outsourcing - What can we do for You?

Our full accounting service offering includes a wide range of accounting services, such as designing and organizing accounting processes, accounting outsourcing, reviewing books, and correcting any deficiencies in accounting records. We also provide comprehensive support for filing tax declarations, Social Insurance Institution (ZUS) reports, Central Statistical Office (GUS) reports, National Bank of Poland (NBP) reports, Intrastat, and preparing and submitting Standard Audit Files for Tax (JPK). For capital groups, we offer the preparation of individual and consolidated financial packages for parent entities, as well as full reporting, including individual financial statements and their consolidations and compilations.

Accounting Outsourcing - What do we provide?

We also provide our clients with professional representation before tax authorities and other governmental institutions. Additionally, based on data received from accounting records, we deliver valuable management reports and financial analyses, which are essential for effective business management. We offer support in controlling processes and tax advisory services aimed at optimizing tax burdens and improving the financial efficiency of the enterprise.

Accounting Outsourcing - How do we operate?

In our comprehensive accounting services, we emphasize e-accounting, which includes electronic document flow for cost documents and employee matters, using modern tools such as Optical Character Recognition (OCR) and cost invoice validation. By providing our clients with online access to their accounting books and management reporting tools, we ensure the necessary information for making appropriate business decisions in a timely manner.

Accounting Outsourcing tailored for Your business

Through ongoing accounting and tax advisory services and support in organizing business processes, we empower company management to make the right strategic decisions. Our range of services is always tailored to the specific needs and requirements of our clients, guaranteeing maximum efficiency and effectiveness in financial management.

Full Accounting Online

Services offered as part of PKF BPO comprehensive accounting:

  • accounting services in accordance with the Accounting Act, IFRS, IAS, US GAAP
  • designing and organizing accounting processes, accounting outsourcing
  • review of accounting books and correction of any existing record-keeping deficiencies
  • preparation of declarations: tax, Social Security (ZUS), Central Statistical Office (GUS), National Bank of Poland (NBP), Intrastat, and others
  • preparation of SAF-T (Standard Audit File for Tax) files
  • preparation of individual entity packages for consolidated entities
  • full reporting - individual financial statements and their consolidation and compilation
  • representation of the client before tax offices and other government institutions
  • management reports
  • financial analyses
  • support and supervision of controlling processes
  • tax advisory services
  • support for client’s online banking
  • document archiving
  • other services as needed

Full Accounting - Why is it worth it?

Full accounting is the most advanced method of recording economic events and is a key element in managing any enterprise. The Accounting Act and international accounting standards impose on joint-stock companies, limited liability companies, limited partnerships, and partnerships limited by shares, as well as entrepreneurs who have exceeded certain financial thresholds, the obligation to keep accounting books that accurately reflect all economic operations of the company. Full accounting provides a precise and detailed insight into the financial situation of the enterprise, enabling effective resource management and informed strategic decision-making.

For enterprises that are required or voluntarily choose to maintain full accounting, this system offers the ability to precisely monitor financial flows, both revenues and costs, which is essential for maintaining financial stability and business development. Full accounting requires the preparation of extensive financial statements, including the balance sheet and the profit and loss account, which not only meet legal requirements but also provide valuable information for management, investors, banks, and other institutions interested in the company's financial condition.

Full accounting provides detailed data crucial for more advanced financial and management analyses. These analyses help company management better understand their market position, identify areas for optimization, and plan long-term development.

Implementing full accounting is not only an obligation for many enterprises but also an opportunity to raise financial management standards and ensure sustainable development. By maintaining full accounting, companies can not only comply with legal requirements but also gain insights into their financial operations, which is key to maintaining competitiveness and ensuring stability in a changing market. Maintaining full accounting records is a task that requires high specialization and experience, which is why many companies choose accounting outsourcing or supervision of accounting books.

Doscover the Differences Between Full Accounting and Simplified Accounting

Full accounting and regular accounting (often referred to as simplified accounting) differ primarily in the scope of responsibilities, legal requirements, and the level of detail in financial records that entrepreneurs must maintain. Here are the main differences:

 FULL ACCOUNTINGREGULAR ACCOUNTING
Legal Scope and RegulationsGoverned by the Accounting Act and international accounting standards. Requires businesses to maintain accounting books (commercial books) that detail all economic transactions.Allows the use of simplified forms of records, such as the revenue and expense ledger (KPiR) or the lump-sum tax on recorded revenue. These regulations are more flexible and less complex than those for full accounting.
Degree of DetailRequires accurate and detailed recording of all economic events, allowing precise monitoring of the company's financial situation.Focuses on recording financial operations in a general way, which may not provide such detailed information about the company's finances.
Businesses Required to UseTypically mandatory for large enterprises, joint-stock companies, limited liability companies, and entities exceeding specific financial thresholds set by the Accounting Act.Primarily available for smaller enterprises that do not exceed certain turnover limits or other criteria specified in regulations.
Financial ReportingRequires businesses to prepare extensive financial statements, including the balance sheet, profit and loss account, and additional information and attachments.Limits reporting obligations to simpler forms, such as the annual tax return, which is significantly less complicated to prepare.

Choosing Between Full and Regular Accounting

The choice between full and regular accounting depends on the size of the enterprise, its needs, and legal requirements. Full accounting, although more complex and demanding, offers a more comprehensive insight into the company's finances, which is crucial for larger enterprises. In contrast, simplified accounting is more practical and less costly for smaller businesses.

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Joanna Brzezińska

Joanna Brzezińska
accounting, financial reporting
Phone +48 502 387 525

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