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Accounting Services

We provide full fledge Accounting Services through our partners. The services our partners provide include the following:

Statutory Accounting
- timely process all monthly accounting documents and indicate possible missing supporting documentation
- preparing all required statutory reports: trial balances, sales and purchase ledgers, VAT returns, Corporate Income Tax returns, and submission of the related returns to the Tax Authorities in due course;
- performing interim and year end statutory pack of financial statements, as per local regulation requirements;
IFRS Reporting
- preparing monthly/quarterly standalone financial statements in accordance with the International Financial Reporting Standards (IFRS) including: balance sheet, income statements, cash flows, statement of changes in equity, notes to the financial statements;
- preparing consolidated financial statements for groups of companies.
Accounting Reviews
- perform accounting review on a monthly / quarterly basis by analyzing the significant transactions, checking the accuracy of accounting and proper and timely payment of taxes
- provide advisory services for creating and structuring the accounting processes and for elaborating accounting working procedures and methodologies.

Management Accounts
- drafting revenues and expense budgets, management accounts (including a comparison between budgeted and actual results)
- drafting forecasts create cost accounting procedures, financial key performance indicators.
- develop integrated planning methods and prepare other reports required by management and/or shareholders
Cash Management
- preparation of payment documents,
- placing deposits,
- obtaining bank statements on a regular basis,
- on-line banking transactions,
- cash flow statements preparation.
Administration and Other Services
- issuing invoices for company’s clients,
- assistance during external audit processes and tax audits,
- IFRS training for internal financial department,
- merger and acquisition projects.

Payroll Services

We provide full fledge Payroll Services through our partners. The services our partners provide include the following:

Monthly payroll processing and tax filing services
Providing timely and accurate payroll compliance services, including payroll calculations, retroactive adjustments, automatic solutions for salary data import, preparation and submission of all the monthly social security and tax returns, annually fiscal forms.
Direct payment of salaries and taxes
Upon client’s choice, depending on the desired level of confidentiality, we can perform salary payments through internet banking or prepare the salaries and related payroll taxes’ payment file.
Standard and customized reports
We offer flexible reporting solutions designing the payroll deliverables together with our clients suited for their needs and visions.
Correspondence with local tax agencies on behalf of clients
Assistance within Labour Inspections

Corresponding with authorities
The payroll compliance activity often involves corresponding with authorities. We overtake this burden, having all the formalities prepared and filed in behalf of our clients.
Individual taxation solutions and labour legislation consultancy
Preparation of personnel documents
Employment contracts, addenda, termination forms and maintain the personnel files updated
Electronic register of employees
Preparation and filing of all the necessary changes in due time in relation to the electronic register of employees
Payroll process improvement advisory
Payroll taxation review and personnel files’ audit
During the transfer process from a provider to another, or periodically for assuring an accurate compliance of the payroll services, we review benefits, social allowances taxation, the personnel files and their reflection in the electronic register of employees.

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LexTax Management & Advisory | Enlightened Consultancy
12 Horbotei Entrance, District 3, Bucharest, Romania, Postal Code 030465
Phone: +40 728 122 431 | Email: office@lextax.ro
TAx ID: 41463487

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