When implementing a new ERP system, companies face not only IT challenges but also significant tax and accounting hurdles. The specificities of the Hungarian regulatory environment, along with the alignment of international and domestic expectations, require specialized expertise and practical experience.
Our ERP advisory service aims to ensure Hungarian tax and accounting compliance from the early stages of the ERP system implementation project, thereby minimizing tax risks and reducing the need for later manual corrections.
Main aspects of RSM ERP advisory services:
1. Establishing VAT treatment
- Validation of VAT codes according to Hungarian regulations
- Integration of deductibility and exemption rules
- Verification of completion dates and transactions
2. Assistance in partner and master data handling
- Confirmation of tax number validity, updating and checking master data
- Filtering and correction of incomplete, duplicate, or incorrect data (based on queries and rule-based validations)
- Integration possibilities with the Hungarian Tax Authority (NAV) database
- Proposals for technological solutions and implementation support
3. NAV online invoice and establishing RTIR connections
- Ensuring compliance with the technical and tax aspects of online invoice data reporting
- Supporting the data reconciliation between VAT returns and the online invoicing system
- Establishing data analysis and internal control processes
4. Support for the integration of the electronic VAT (eÁFA) M2M system
- Support for the setup of eÁFA analytics
- Support for the establishment of eÁFA M2M API connection
- Verification of eÁFA analytics and filing
5. Corporate Income Tax (TAO) compliance
- Examination of the comprehensiveness of tax obligations prescribed by tax regulations to reduce risks
- Support for the Hungarian subsidiary of a multinational group in establishing annual tax calculations and related records according to local regulations (supported by the general ledger, reporting financial statement data)
- Establishing depreciation records according to TAO requirements
- Proposing custom solutions for unsupported ERP functionalities
6. Establishing inventory management and accounting structure
- Assistance in the accounting integration of inventory modules or external software
- Asset tracking (activation, scrapping, depreciation, revaluation logic)
- Aligning the Hungarian chart of accounts with international ERP systems
- Establishing and supporting the testing of the chart of accounts and accounting logic
- Currency and exchange rate management: development of the process for retrievieng appropriate MNB or ECB exchange rates
7. Invoicing system and regulatory compliance
- Support for the integration of the invoicing system into the ERP, considering Hungarian invoicing regulations (mandatory content, requirements for regular and corrective invoices)
- Validation of invoicing logic: correct indication of performance date, tax base, VAT amounts, currency/HUF amounts, etc.
- Ensuring technical and tax compliance for electronic invoicing (e.g., PDF + XML pair, NAV online invoice compatibility)
- Support for compliance with invoicing archiving regulations
8. Communication between IT and professional fields
- Communication bridge between the foreign IT team and Hungarian tax and accounting requirements
- Project management support, documentation, participation in the testing process
- Suggestions and opinions from tax experts during ERP implementation
I’M INTERESTED IN ERP ADVISORY SERVICES
Why should you involve the RSM tax advisory team in ERP system implementation?
- Many years of experience in adapting tax and accounting processes for international and domestic ERP systems
- Proactive cooperation with IT experts and internal finance teams
- Risk reduction and cost efficiency: preventing problems is always cheaper than fixing them later on
- Comprehensive service from system design to testing and launch
Contact us if you are planning to implement an ERP and want to ensure that the system is built on solid foundations, not only from an IT perspective but also from a tax and accounting standpoint!
ERP ADVICE – I NEED MORE INFORMATION