We provide comprehensive services of accounting in Poland which enable our clients to fully focus on the development of their companies. Thanks to the knowledge, experience and involvement of our specialists we are able to cooperate with both small and large enterprises.
For many years we have been providing outsourcing services of accounting in Poland for small and medium-sized enterprises and international corporations.
We provide comprehensive accounting and bookkeeping services in Poland required under the applicable law, tax law and in accordance with domestic and international standards. In everyday work, we use the latest software adapted to current regulations.
Are you looking for an accounting or payroll service provider in Poland?
Look no further, contact us today and get a quotation and free initial consultation.
Navigating the intricacies of accounting in Poland can be a complex task for businesses both large and small. With a multitude of regulations, tax laws, and financial standards to consider, companies require full support to ensure compliance and optimize their operations.
Full support in accounting in Poland
This is where our specialized accounting services in Poland come into play. For years, we’ve been the trusted partner for outsourcing accounting services in Poland, aiding small to medium-sized enterprises and international corporations alike.
Basic legal acts governing accounting in PolandThe accounting principles in Poland regulate the Accounting Act of 29th September 1994.Provisions of the Accounting Act apply to the entities specified therein, including those with their registered office or place of management in the territory of the Republic of Poland:commercial companies and partnerships (including those in the process of formation);other legal entities, with the exception of the State Treasury and the National Bank of Poland;natural persons, civil-law partnerships formed by natural persons, civil-law partnerships formed by natural persons and inherited enterprises, general partnerships formed by natural persons, limited liability partnerships and inherited enterprises operating pursuant to the Act of 5 July 2018 on Succession Administration of a Natural Person’s Enterprise and Other Facilitators Related to the Succession of Enterprises (Dziennik Ustaw 2018, item 1629), if their net revenue from the sale of goods, products, and financial operations for the previous financial year amounted at least to the equivalent of EUR 2,000,000 in PLN;inherited enterprises operating pursuant to the Act of 5 July 2018 on Succession Administration of a Natural Person’s Enterprise and Other Facilitators Related to the Succession of Enterprises, provided that accounting books were kept as at the day preceding the day of opening the estate;organisational units operating on the basis of Banking Law, provisions on trading in securities, provisions on investment funds and management of alternative investment funds, provisions on insurance and reinsurance activity, provisions on credit and saving unions, or provisions on organising and operating pension funds, regardless of the revenue amount;gminas, poviats, voivodships, and their associations, as well as: a) budgetary units of the state, gminas, poviats, and voivodships, b) budgetary establishments of the state, gminas, poviats, and voivodships;unincorporated organisational units, with the exception of the companies and partnerships referred to in subparagraphs 1 and 2;branches and representative offices of foreign entrepreneurs within the meaning of the provisions of the Act on the Rules for the Participation of Foreign Entrepreneurs and Other Foreign Persons in Business Transactions Within the Territory of the Republic of Poland, of 6 March 2018;entities not listed above if their assigned tasks are financed with grants or subsidies from the state budget, budgets of local government units, or special-purpose funds – from the beginning of the financial year in which a grant or subsidy was obtained.Additionally, there are several dozen regulations of the Council of Ministers and the Minister of Finance in the field of specific accounting practices, and several executive regulations to the Accounting Act itself.
Outsourcing accounting in Poland with CGO FinanceMany businesses in Poland choose to outsource their accounting functions to professional accounting firms. This approach offers several advantages:Cost-effectiveness and efficiency: Outsourcing accounting in Poland can be more cost-effective than maintaining an in-house accounting department. It allows businesses to access specialized expertise without the burden of hiring and training additional staff.
We use both national and international accounting standards for accounting in PolandAccounting in Poland on the basis of National Accounting standardsThe main goal of the National Accounting Standards is to establish the principles applicable to the correct recognition of business operations. Using the National Accounting Standards is not obligatory. Nevertheless, it ensures that the accounting of a given entity is conducted fairly and in accordance with the regulations.Accounting in Poland on the basis of International Accounting standardsInternational Accounting Standard (IAS) or International Financial Reporting Standards (IFRS) have been established in response to the need of unifying reporting standards on an international scale. They are a consequence of the development of the international capital market and the increasing number of international transactions.This became particularly important after the rise of the European Union and the OECD (Organization for Economic Cooperation and Development). IFRS adoption Use of IFRS standards by jurisdiction: Poland Country profile prepared by the IFRS Foundation with notes on the extent of IFRS application, relevant jurisdictional authority, IFRS endorsement and translation of standards.
Access to specialized knowledge and expertise: Accounting firms possess extensive knowledge of Polish tax laws, financial regulations, and industry-specific practices. By outsourcing, businesses can tap into this expertise and ensure compliance while gaining valuable insights.Focus on core business activities: Outsourcing accounting in Poland enables businesses to focus on their core competencies and strategic goals. It frees up time and resources that can be directed towards activities that directly contribute to business growth.Currency and Taxation in PolandWhen it comes to currency and taxation in Poland, businesses must adhere to specific requirements. All accounting documentation, records, and financial staements must be prepared in Polish and using the Polish zloty (PLN). Moreover, Corporate Income Tax (CIT) advances are due by the 20th day of each month, making it crucial for businesses to stay on top of their tax obligations.In the following subsections, we will delve deeper into the currency requirements and corporate income tax deadlines in Poland, providing valuable insights for businesses operating in the country.From comprehensive accounting and bookkeeping to meticulous adherence to domestic and international standards, we ensure that every financial detail is managed with precision. Whether you’re searching for a dependable accounting or payroll service provider in Poland, we extend an invitation to experience our bespoke services.We’re not just about numbers; we’re about fostering long-term partnerships to help your business flourish.Contact us today to start a conversation about your accounting needs and discover how our expertise can propel your business forward.
Accounting in Poland is a sector that showcases precision, compliance, and adaptability. With a focus on providing top-notch accounting services in Poland, our firm is dedicated to delivering excellence in every aspect of financial management.Our comprehensive suite of accounting services in Poland caters to a diverse clientele, ranging from small businesses to multinational corporations. We understand the intricacies of Polish tax law and financial regulations, ensuring that your business remains compliant while optimizing financial performance.The landscape of accounting in Poland is characterized by stringent regulations that demand thoroughness and up-to-date knowledge. Our team of experienced accountants is equipped with the expertise to navigate the complexities of accounting standards both at the national and international levels. Whether it’s detailed bookkeeping, financial analysis, or tax planning, our services are designed to meet the unique needs of each business.Poland’s accounting standards are rigorous, necessitating services that can adeptly manage VAT, corporate tax, and payroll accounting. Our accounting services in Poland are tailored to ensure that all your financial reporting is accurate and timely. We pride ourselves on our ability to keep abreast of the latest changes in Polish accounting practices, which translates into reliable advisory and strategic planning for our clients.In addition to traditional accounting, our firm offers innovative solutions such as cloud-based accounting services in Poland, enabling real-time financial tracking and analysis. This modern approach to accounting provides businesses with the agility to make informed decisions swiftly.Moreover, accounting in Poland has been evolving, with a shift towards more sustainable and ethical financial practices. We are at the forefront of this change, offering advisory services that align with environmental, social, and governance (ESG) criteria. Our accounting services in Poland are not just about number-crunching; they are about contributing to the sustainable growth of your business.For entrepreneurs and foreign companies looking to establish or expand their presence, understanding the specifics of accounting in Poland is crucial. From setting up the correct accounting systems to handling cross-border transactions, our services are comprehensive. We navigate the regulations for you, simplifying the complexities of Polish accounting, so you can focus on growing your business.We also recognize the importance of transparency in accounting in Poland. Our services ensure that your stakeholders, investors, and regulatory bodies are fully informed about your financial status, fostering trust and confidence in your business operations.Our commitment to providing exceptional accounting services in Poland is unwavering. We continuously invest in training our staff and adopting new technologies to enhance the quality and efficiency of our services. With us, you can be assured that your accounting needs are managed with the utmost professionalism and attention to detail.In conclusion, our accounting services in Poland stand out for their precision, compliance, and strategic insight. We are dedicated to supporting your business’s financial health and helping you navigate the complexities of Polish accounting with ease. Contact us to discover how our expertise can make a difference in your financial strategy.
bookkeeping services for limited liability companies, joint-stock companies, limited partnerships, representative offices, funds and associations as well as other companies subject to Polish regulations;
helping with procedures connected to closing the fiscal year;
preparing financial statements in accordance with IFRS foundation, US GAAP or the client’s internal reporting standards;
providing accounting services for customers who keep the revenue and expense ledger, including tax services;
Accounting services are also about statistics and graphs
In terms of tax obligations of Polish entities the service of accounting in Poland at CGO Finance includes:
keeping registers of VAT sales and purchases in the form of SAF-T file;
supporting and assisting in the process of VAT registration before tax office;
keeping VAT registers of foreign companies registered in Poland;
Preparing and implementing the entity’s accounting policies, including a corporate chart of accounts;
Preparing VAT statements and keeping VAT purchase and sales registers in accordance with the Goods and Services Tax Act;
Outsourcing accounting in Poland
Accounting in Poland includes also formalities such as:
Keeping records of fixed assets, equipment and intangible assets, as well as preparing the depreciation plan;
drafting annual financial statements, calculating income tax advances in accordance with the tax regulations;
preparing annual and interim financial statements as well as consolidated financial statements on the basis of financial data provided by the client according to established standards and cooperating with a chartered accountant auditing the client’s books. Companies subject to audit must also prepare a statement of cash flows and a statement of changes in equity. ;
Tax calculations are an essential part of accounting in Poland
Currency Requirements
The official currency of Poland is the Polish zloty (PLN). There are no currency restrictions impacting trade in goods, making it relatively easy for businesses to conduct transactions with international partners. When it comes to payment methods, using an ATM or a prepaid card is recommended, although credit cards are also widely accepted.
As a result, businesses operating in Poland must ensure that their ledgers and accounting records are kept in Polish zloty, in compliance with the country’s currency requirements.
As a part of our accounting services in Polandwe offer assistance in issuing invoices
How can we help you with accounting in Poland?
Our team of certified accountants provide tax settlements and financial statements to entrepreneurs with various business profiles and our services are adjusted individually to the needs of even the most demanding customers. We provide comprehensive accounting in Poland that enables you to fully focus on the development of your company.
Thanks to the knowledge, experience and involvement of our specialists we are able to cooperate with both small and large enterprises. We constantly broaden our knowledge to – apart from standard services – also implement nonobvious and novel solutions that aim at improving the financial conditions of our customers. CGO Finance – your accountant in Poland.
Accounting services in Poland – FAQs
What types of accounting services in Poland are available for businesses?
Businesses can access a comprehensive range of accounting services in Poland, including financial accounting, tax accounting, bookkeeping services, and specialized accounting for complex financial structures.
How can outsourcing accounting in Poland benefit my company?
Outsourcing accounting in Poland can significantly reduce your operational costs, provide access to expert accounting services, and ensure compliance with Polish accounting standards and regulations.
Are there financial accounting services in Poland tailored for foreign companies?
Yes, many accounting firms in Poland offer financial accounting services specifically designed to meet the needs of foreign companies operating within the Polish market, including compliance with local and international accounting standards.
Can I find an accounting company in Poland that offers full accounting services?
Absolutely, there are numerous accounting companies in Poland that provide full accounting services, covering all aspects of financial management, from bookkeeping to tax filing and financial reporting.
What are the benefits of using an accounting office in Poland for tax accounting?
Utilizing an accounting office in Poland for tax accounting ensures that your financial operations are in line with Polish tax laws, helps minimize tax liabilities through strategic planning, and avoids penalties for non-compliance.
Is financial outsourcing in Poland a good strategy for small businesses?
Financial outsourcing in Poland is an excellent strategy for small businesses, offering cost-effective access to high-quality accounting services without the need for in-house accounting staff.
What should I look for when choosing an accounting firm in Poland?
When selecting an accounting firm in Poland, look for experience with businesses similar to yours, a range of services that meets your needs, expertise in Polish accounting standards, and positive client testimonials.
How does the Polish Accounting Act affect businesses?
The Polish Accounting Act sets out the legal framework for accounting practices in Poland, mandating how financial records are kept, reported, and audited. Compliance with this act is crucial for all businesses operating in Poland.
Can accounting services in Poland assist with financial planning and analysis?
Yes, many accounting services in Poland extend beyond traditional bookkeeping to include financial planning and analysis, helping businesses to optimize their financial strategies and improve profitability.
What are the key differences between bookkeeping services in Warsaw and other regions in Poland?
While bookkeeping services across Poland adhere to the same national standards, firms in Warsaw may offer additional expertise in serving international clients and dealing with complex financial scenarios due to the city’s status as a business hub.
Are you looking for a trusted partner in the field of accounting services?
We help solve accounting and tax problems. Our support can be counted on both young entrepreneurs who face problems related to starting a business, and experienced owners looking for new solutions to support their business.
