Accounting Services Romania
Statutory bookkeeping, payroll and ANAF filings — handled in English, for companies whose accounting lives outside Romania.
Accounting services in Romania cover statutory bookkeeping under Romanian accounting regulations, monthly filings to ANAF, payroll administration, and the annual financial statements. For a foreign-owned company the work also includes turning those local outputs into figures the parent company can use. TaxOlia handles both sides, in English and Romanian.
What accounting services in Romania actually include
Romanian statutory accounting is not the same as your group’s management reporting, and one cannot substitute for the other. Every company registered here keeps books under Romanian accounting regulations, in lei, using the local chart of accounts.
The recurring work breaks into four parts:
Bookkeeping. Recording invoices, bank transactions, cash movements and payroll entries into the statutory ledgers.
Tax filings. The D300 VAT return, the D390 recapitulative statement for intra-EU transactions, the D394 domestic transactions declaration, and the D406 SAF-T file.
Payroll. Payslips, contributions, employment registration in REVISAL, and the D112 monthly declaration.
Annual close. The trial balance (balanța), the statutory financial statements (bilanț), and the corporate tax return.
Each carries its own deadline, and most monthly filings fall on the 25th. Missing one rarely stays isolated, because Romanian filings cross-check against each other. We wrote more about doing business in Romania.
Bookkeeping in Romania: what we handle every month.
Bookkeeping in Romania runs on primary documents. Invoices, bank statements, contracts and expense records go into the statutory ledger with the correct account and the correct VAT code, and they have to reconcile with what you file.
Our team records daily transactions, reconciles bank accounts, manages accounts payable and receivable, and closes each month on a fixed schedule so you know when your numbers are final. You send documents electronically. Nothing requires you to be in Bucharest, or in Romania at all.
Reconciliation matters more than most foreign companies expect. ANAF cross-checks the D300 against the D390, the D394, the D406 and e-Factura data. A discrepancy between any two is visible without an inspection being opened, and is among the more common reasons one starts.
Statutory financial statements and ANAF filings
Romanian statutory reporting follows a fixed sequence: the monthly trial balance, then the annual financial statements, then the corporate tax return.
We prepare the trial balance each month, draft the financial statements under Romanian accounting regulations, and submit declarative forms through ANAF’s SPV portal. Where a statutory audit applies, we prepare the file the auditor needs rather than handing over a box of documents.
We also produce a short management version of the same figures in English, structured the way your parent company reads them. Statutory accounts answer to Romanian regulation. They rarely answer the question a group CFO is asking.
Payroll services for foreign employers in Romania
Payroll servEmploying people in Romania creates obligations across HR, accounting and tax at once, and they start before the first payday.
Our payroll services register employment contracts in REVISAL before the employee’s first working day, calculate gross-to-net including CAS, CASS and CAM contributions, produce payslips, and file the D112 declaration each month. Contract changes, terminations, medical leave and holiday tracking are handled as they arise.
Benefits carry their own treatment. Meal vouchers, private medical insurance, bonuses and pension contributions are each taxed differently. Offering one before checking the treatment is how payroll corrections start.
Working with your group’s accounting system
Most providers of accounting services in Romania stop at the statutory ledger. Foreign companies then discover their real problem is upstream.
Your group runs SAP, NetSuite, Xero, QuickBooks or something configured for another country. Romanian statutory accounting will not come out of it in the required shape, and Romanian digital reporting will not come out of it at all. The D406 SAF-T file follows a rigid XML schema with prescribed field mappings and code lists that bear no resemblance to a standard export.
TaxOlia built a structured mapping process for exactly this. Your group system stays where it is. We convert your existing export into Romanian-format ledgers and filings, including the SAF-T file, with no parallel set of books and no ERP project.
Representation during an ANAF inspection
Our tax experts represent your company before tax inspectors, handle the correspondence, and prepare the documentation ANAF requests.
Most of what determines an inspection outcome happened years earlier, in how transactions were recorded and what evidence was kept. Expenses are deductible where documented. Intercompany charges hold where the transfer pricing file supports them. VAT treatment stands where the transaction evidence is there. Companies with organised records get shorter, narrower inspections.
Why foreign-owned companies choose our accounting services in Romania
TaxOlia works mainly with foreign investors, non-resident companies and subsidiaries of international groups. That is a narrower client base than most accounting firms in Bucharest carry, and the narrowness is deliberate.
Every client needs reporting in English. Every client needs Romanian numbers that reconcile with a group consolidation. Most need accounting produced from a system that was never built for Romania. We solve the same set of problems repeatedly rather than occasionally.
Statutory accounting work is carried out under CECCAR-certified expertise, with tax advisory alongside it — which matters, because most accounting questions in Romania turn into tax questions before they are finished.
Frequently Asked Questions
Can a foreign-owned company keep its accounting outside Romania?+
No. A company registered in Romania must keep statutory books under Romanian accounting regulations, in lei, using the local chart of accounts. Group reporting continues in parallel — the two run alongside each other, and the statutory set is the one ANAF sees.
Do I need to be in Romania to use your accounting services?+
No. Documents are sent electronically, filings are submitted through ANAF's SPV portal, and reporting comes back in English. Most of our clients have no permanent staff in Romania at all.
What is the difference between bookkeeping in Romania and statutory accounting?+
Bookkeeping in Romania is the recording of primary documents into the ledger. Statutory accounting is the wider obligation: the chart of accounts, the trial balance, the annual financial statements and the filings that follow from them.
Can you produce SAF-T if our accounting runs on SAP or NetSuite?+
Yes. We map your existing export into the D406 format rather than asking you to reconfigure the group ERP or maintain a second set of Romanian books.
How much do accounting services in Romania cost?+
Fees depend on monthly transaction volume, whether you employ staff, and whether SAF-T applies. We quote a fixed monthly fee after a short call, so the cost is known before you commit.
Who signs off the statutory financial statements?+
Statutory accounting work is carried out under CECCAR-certified expertise. Where a statutory audit applies, we prepare the file for the auditor, who signs separately.