Accounting Outsourcing

Accounting Outsourcing

“Accounting Outsourcing in Russia”is a very successful and in-demand service in our product range. What does “Accounting Outsourcing in Russia” mean? How can your business in Russia benefit from this type of service?

The aim: We will take charge of your accounting function and any related tasks, enabling you to concentrate on your main business activities.

Russian accounting very much differentiates from accounting in Germany, Western Europe or the USA

1st example: The shapes of the documents used in Russian accounting are in most cases determined by law. Forms which have been designed and created by the company itself, only get valid after passing a intern assignment (“prikas”). The chart of accounts is not choseable as well, but gets determined from the financial office.

2nd example: the balance sheet, the profit and loss account as well as the declaration of the corporation taxes have to be handed in to the Russian tax authorities quarterly. Furthermore different documents have to be handed in to the Russian social security authority as well as to the Russian statistic office. All in all more than 15 reports have to be made every quarter.

3rd example: Payments that leave or enter the Russian Federation are subject to currency control. If the amount of a transfer deal exceeds 50,000 US Dollar (incl. VAT), there have to be filled out and handed in several documents in order to get the permission ( “Pasport Sdelki”/ trading pass) for the transfer even before the money has arrived the contract should be signed between the parties and this contract should be registered with the bank to get the Unique Identification Number. Therefore the contracts and invoices regarding this payment have to be submitted to the bank as well. Unexpected incidents often result in delays, which can be caused by, for example, missing stamps on the invoices. Then the company has to hand in a conformation that they do not use the round stamp mandatory and that they are registered abroad. Those are just a few examples of typical formalities and bureaucratic issues in Russian accounting. This is why in Russian accounting there is generally twice the amount of documents to deal with as for example in Western Europe or the US resulting in a much higher workload.

Why is it so important, to make sure your accounting in Russia is in good hands?

All enterprises registered in Russia, including representative offices of foreign entities, are required by law to maintain accounting records. Failures in the reports or delays of them can lead to serious consequences such as fines or penalties, tax inefficiencies or even the freezing of the bank account. If the chief accountant (“Glavni Buchgalter”) in charge is responsible for these mistakes in the reports or for the delays he or even the chief executive officer can be charged personally. The selection of a Russian accountant can be rather tough. The outsourcing of the accountancy can be the best choice.

What are the advantages of Accounting Outsourcing?

  • you don’t have to look for a Russian accountant and care about motivation and supervising.
  • you don’t have to pay for recruiting, wages and quality management.
  • as a contact person you will get a qualified Russian accountant who speaks English fluently.
  • you always have access to our lawyers, IT-specialists and German consultants.
  • all of our employees stick to the Rufil Russia Consulting Corporate principles.
  • additional security due to the appliance of anti-virus and anti-spy software, regular training for our employees and further security standards.
  • we are always loyal to our clients and partners.
  • complete control and transparency on your business in Russia.
  • long term thinking and long term business relationships in Russia.
  • adoption of liability regarding to our accountancy contracts as well as a liability insurance.
  • you can completely focus on your core business in Russia and earn more money that way.

Further reasons to work with Rufil Russia Consulting in Russia

  • we are a quality, service and customer oriented company
  • all of our employees stick to our corporate principles
  • we are a German company and adhere to German virtues
  • we work in Russia since 2007
  • through our services and performances we support international companies in Russia and generate that way a higher quality of life for our clients, employees and investors
  • we have access to a well-functioning network of experts in several business areas in Russia

Our service package “Accounting Outsourcing in Russia”

is more than the execution of basic accounting processes. Our service package is much broader and includes:

  • financial accounting & taxation under Russian law;
  • payroll and salary accounting including processing of business trips and documentation of personnel;
  • online banking and payments;
  • reporting and consulting services in English;
  • courier services in Moscow and other services that facilitate your accounting function.
  • other services that facilitate your accounting function.

Further reasons to work with Rufil Russia Consulting

  • we are a quality, service and customer oriented company
  • all of our employees stick to our corporate principles
  • we are a German company and adhere to German virtues
  • we work in Russia since 2007
  • through our services and performances we support international companies in Russia and generate that way a higher quality of life for our clients, employees and investors
  • we have access to a well-functioning network of experts in several business areas in Russia

Further services we offer

Please see our publications how to do business in Russia:

Company Set Up in Russia
A Powerpoint presentation that gives you an overview of the process of setting up business in Russia
Establishing Company in Russia
Guideline about the process of establishing company in Russia

Our quality promise:

“Your contact person will be a lawyer proficient in English, German, and Russian. Our staff participates in professional training, is permanently employed at Rufil Russia Consulting and based in our Moscow head offices. Don’t settle for less!”

Contact us!

FAQs about Accounting Outsourcing in Russia

How much are the taxes in Russia?

The basis for taxation in Russia depends on tax regime the company use.

What is the minimum salary in Russia?

Minimum salary size for 2020 year is stated as 12130 RUR, however the regions can agree higher rate, for example, in Moscow it’s 20195 RUR currently.

How much does a managing director in Russia earns?

There are no limitations for GM salary in Russia. The requirement is that the salary should not be lower than minimum salary rate

What are the services included in the accounting package?

Usually it’s general accounting, payroll, tax reporting, annual accounting (financial) reporting, special reporting to other control authorities.

What are the main differences between Russian and international accounting standards?

We are updating this answer. If you would like to get it now, don't hesitate to contact us!

Can I do my Accounting in Russia in accordance to International Accounting Standards?

It’s possible if the taxes are calculated, reported and paid correctly

What does it mean to be a Chief Accountant in Russia?

Responsibility for correct booking of corporate activity and operations under civil, labor, administrative and criminal legislation

How to become a Chief Accountant in Russia?

Chief Accountant should have professional qualification that is certified by professional accounting organizations and to be proved regularly


What our clients say about us

Highly professional!

“We have been working with Rufil Russia Consulting for many years. We value the professionalism of the RC consultants and that all our enquiries are dealt with immediately.”

Marlies Moretti/ Director Sales Emerging Markets & Direct Markets International Sales

ESCADA SE

Very good experience!

“I can recommend Rufil Russia Consulting based on very good experience with their services. Highly professional. Always reliable.”

Miroslav Cernac/ General Manager Eastern Europe

VELOX CMS

Great experience!

“I recommend Rufil Russia Consulting to all companies that export to Russia or have a business there. We were very satisfied with the working results of the Moscow team.”

Dirk Uhlemann/ CFO

Segment Behälter Bau GmbH

Contact us!

Philipp Rowe
Managing Director in Moscow and Berlin

Viktor Malyshev
General Counsel
Senior Jurist

+7 495 125 09 85
+49 (0)30 120 84 958
info@rufil-consulting.com
Ul. Bolshaya Dmitrovka 23/1, 125009 Moscow, Russia

Contact us!

Philipp Rowe
Managing Director in Moscow and Berlin

Viktor Malyshev
General Counsel
Senior Jurist

+7 495 125 09 85
+49 (0)30 120 84 958
info@rufil-consulting.com
Ul. Bolshaya Dmitrovka 23/1, 125009 Moscow, Russia