Accounting services

Over two decades of specialization in tax compliance and accounting

Accounting services

Contemporary outsourcing of accounting services means partnership and advice. It is a function extending far beyond the role of the traditional accounting department.That is why our experts combine substantive knowledge with modern technology. When needed, we are not afraid of taking responsibility, entering the role of project manager, financial controller, tax adviser, or business adviser. At KR Group, we assume full responsibility for accounting, tax and reporting processes. We cooperate with international firms with huge transaction volumes and complicated reporting and controlling processes. We are also an accounting partner for companies just starting out - quickly growing startups and firms taking their first steps in foreign expansion into Poland, Czechia, Hungary, Romania or Slovakia. We always tailor the scope of services to the client’s individual situation.

Do I need it?

We specialize in delivering accounting services to entities investing in commercial real estate and and renewable energy projects (wind farms, solar farms). We also provide accounting services for local and global retail chains, tech firms (IT/ICT) e-commerce platforms, and companies from the oil and gas industry.

When do you need it?

We build our expert teams on the basis of the skills expected of contemporary accountants.

Substantive knowledge of accounting and taxes

Familiarity with modern technologies

Business and process advice

Professional experience in other business sectors

Project management

Proactive approach and clear communication

We thus ensure the proper response to the dynamically evolving business situation of our clients, while appropriately mindful of the instability of the tax-law environment. We rely on tools enabling automation of processes, so we can focus our competencies on avoiding tax risks, advice, and reliable management information.

Our advantage over the competition:

Why choose KR Group?

Each of our clients is served by a team of experienced accountants specializing in the specific industry.
You seek a dedicated team with an individual approach.
You want to be sure that the experts working for your accounting partner will not constantly change, and will clearly understand your expectations.
You are looking for a team capable of closing out the month in a timely fashion and preparing a consolidated package with a short turnaround time, so that the accounting data provide real support for decision-making and management processes.
We also understand the need to close out the month or quarter based on estimated accruals.
You expect advice on accounting technologies and processes.

You need an accounting team working in English, based on local GAAP (Accounting Act), IFRS or US GAAP.
You are entering a new foreign market and want to carry out localization, adapting the group ERP system to local accounting and tax regulations.
You need in-depth analytics and management reports (including cash-flow reports and projections).
You are looking for an accounting and tax firm that offers obvious solutions (e.g. workflow or automated booking of bank statements) as part of its standard range of services.
You need certainty on the monthly cost of services for inclusion in the annual budget, receiving in exchange the required level of service quality and correct tax and accounting settlements.

The accountant’s role is evolving, and along with it, our clients’ expectations. That’s why we don’t hide behind our accounting documents. We look for partnership with our clients, so that we can make the best use of digitalization in taxes, automation of financial and accounting processes, and operations on centralized databanks. This enables us to focus on our advisory role. We track changes in the regulations and trends, and stay in front of the situation. Today the role of professional accounting services is first and foremost planning, minimizing tax risk, and providing reliable information to business managers.

Janusz Karnicki

Accounting Director

Our Offer

Maintaining accounting books

Ensuring compliance with local tax regulations and statutory obligations.

Financial, management and statistical reporting.

Maintaining and storing accounting books in compliance with the Accounting Act.
Preparing and updating accounting policy in compliance with the law and the client’s requirements.
Evaluation of accounting documents in light of accounting regulations and tax law and deciding how the documents should be classified.
Booking of cost and income documents in compliance with the accounting policy adopted by the client (e.g. cost centres).
Oversight of issuance of invoices and verification of correct booking of invoices.
Preparing depreciation tables for fixed assets and intangibles, calculating monthly depreciation deductions.
Booking transactions from bank statements and settlement of trade balances (receivables and payables).
Preparing formal documents for setoffs and confirmation of account balances.
Preparing necessary updates of the client’s data at the tax office.
Providing the client with information as to the balance of particular accounts.

Preparing declarations for VAT (JPK_VAT), CIT, real estate tax and other local taxes.
Preparing reports required by state institutions (e.g. National Bank of Poland, Statistics Poland, ACER, Energy Regulatory Office).
Preparing obligatory annual tax income declarations from natural persons along with attachments.
Representing the client before the tax office.

Preparing financial reports in compliance with Polish regulations, as well as other accounting documents connected with closing out the financial year.
Preparing management reports (monthly, quarterly, yearly) in compliance with the client’s guidelines based on various reporting standards (IFRS, US GAAP, UK GAAP, Fund GAAP).
Preparing reports required by state institutions (e.g. National Bank of Poland, Statistics Poland, ACER, Energy Regulatory Office).
Preparing consolidated financial statements and management reports (balance sheet, profit and loss account, trial balance).
Preparing and sharing all types of information and documents for auditors and other bodies examining the client’s accounting books.