What is accounting outsourcing?
When you outsource your accounting, your bookkeeping and reporting obligations are handled by external professionals – in our case, the Grant Thornton team.
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What are the benefits of outsourcing accounting?
The main benefits of outsourcing accounting are to increase the efficiency of accounting processes and to ensure the accuracy of accounting records. You also gain confidence in the accuracy of your tax calculations and the timeliness of your tax returns. Equally importantly, you gain access to experienced professionals without the burden of building and developing your own team. In addition, by using Grant Thornton’s accounting outsourcing service, you will not need to invest in accounting systems and their maintenance.
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Who is accounting outsourcing for?
Accounting outsourcing is designed for entrepreneurs who want to focus on their core business and build their competitive advantage there, without worrying about the company’s accounting and tax matters. The service mitigates the risks associated with tax settlements, bookkeeping and reporting. The service can be provided to businesses with both Polish and international capital.
Scope of support
- Accounting services compliant with the Polish Accounting Act, IAS/IFRS
- Tax returns, statements for GUS, NBP, Intrastat
- Financial statements compliant with the Polish Accounting Act, IAS/IFRS
- Management reports, consolidation packages
- Reviewing accounting records for past reporting periods
Analysis of the results and prospects of outsourcing finance, accounting and payroll functions, using the example of leading BPS providers in the Grant Thornton network
Service delivery process
- Analysis of client needs
We hold a meeting or send out a questionnaire to identify the client’s needs and expectations.
- Service implementation
Once the formalities have been completed, we move on to the implementation of the service, the duration of which depends on the size of the business. At this stage, we agree the terms and conditions of the engagement, and then the client meets the dedicated service team and provides the necessary data and documentation for implementation.
- Ongoing service
As part of our ongoing service, we perform tasks related to bookkeeping and tax reporting, prepare reports for the Central Statistical Office (GUS) and the National Bank of Poland (NBP), and prepare profit and loss statements and balance sheets. The client provides the data and accounting documents required for the service within the agreed deadlines.
- Year-end tasks and handling inspections
As part of our year-end responsibilities, we prepare the financial statements and the annual CIT-8 return.
Any inspections by the authorities may take place at the Grant Thornton office. The client’s service team prepares the necessary documents and statements and provides answers and explanations to the inspecting authority’s questions.
We hold a meeting or send out a questionnaire to identify the client’s needs and expectations.
Why Grant Thornton?
On 20 April 2023, at the Outsourcing Stars event, we were recognised as one of the top three firms in the Accounting, HR and Payroll category. Outsourcing Stars is Poland’s only non-commercial competition for the Modern Business Services sector. The competition aims to identify and reward the most dynamically growing business environment organisations, shared service centres and cities in Poland.
When you decide to outsource your accounting to Grant Thornton, you can be sure that the experience and knowledge of our specialists will be reflected in the functioning of your business, and that your accounts will be kept in a reliable manner and in compliance with applicable regulations. Accounting and finance outsourcing with Grant Thornton is a service tailored to your needs.
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950 000+
documents booked in the previous financial year
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950+
outsourcing projects handled in the past year alone
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5+ years
average length of employment in our outsourcing team
