What are the advantages of transferring functions related to payroll and human resources accounting to a specialized entity?
A reduction in the administrative costs related to the maintenance of an internal accounting function, This accounting segment is quite unique, and at the same time labor-intensive. Confidentiality of the company’s information regarding the salaries of its staff. Documents that meet legal requirements in terms of their form and are in compliance with the filing requirements of Russian legislation. Mitigation of the company’s risks related to compliance with the tax and accounting legislation, through the engagement of professionals, with many years experience specializing in these services. The accounting department no longer deals with the human resources side of accounting and the preparation of documents.
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