A.J.CONSULTING provides outsourced accounting and tax reporting services for foreign companies operating in Russia. From full-cycle bookkeeping and payroll to statutory reporting under Russian Accounting Standards (RAS) — we ensure your Russian entity stays compliant with all regulatory requirements.

Why Accounting and Reporting in Russia Is Complex

Foreign companies operating in Russia — whether as an LLC, branch, or representative office — must comply with Russian Accounting Standards (RAS) and file regular reports with multiple state authorities. Russian accounting requirements differ significantly from IFRS and other international standards:

• Russian Accounting Standards (RAS) govern all statutory accounting and reporting, with a standardised chart of accounts and mandatory forms.
• Tax reporting must be filed with the  on a monthly, quarterly, and annual basis.
• Social fund reporting is filed with the  — covering pension, social insurance, and medical insurance contributions.
• Statistical reporting is submitted to  — the number and frequency of reports depend on your industry and business size, with an average of 15 different reports.
• Personal income tax (NDFL) must be calculated, withheld, and reported for every employee.

Missing deadlines or filing incorrect reports can result in penalties, frozen bank accounts, and tax audits. A qualified accountant with experience in foreign companies is essential — but hard to find.

Our Accounting and Reporting Services

A.J.CONSULTING offers full or partial accounting outsourcing for foreign companies in Russia. Our team includes qualified accountants with years of experience serving international clients across manufacturing, trade, IT, and services sectors.

We provide the following services:

• Financial accounting under RAS — bookkeeping, primary documentation, chart of accounts setup, and preparation of financial statements (balance sheet, profit and loss statement, cash flow statement).
• Tax accounting and reporting — calculation and filing of all tax returns: profit tax, VAT, property tax, transport tax, land tax, and personal income tax (NDFL).
• Payroll accounting — salary calculation, sick leave, vacation pay, bonuses, and all HR documentation in compliance with the .
• Social fund reporting — preparation and submission of reports to the SFR for pension, social, and medical insurance contributions.
• Statistical reporting — preparation and filing of all required statistical reports with .
• 1C accounting setup and maintenance — configuration of 1C:Accounting software, data entry, report generation, and ongoing support.
• Reporting to headquarters — preparation of management reports and IFRS-adjusted financial statements according to your parent company’s internal guidelines.
• Communication with tax and state authorities — representing your company before the FTS, SFR, Rosstat, and other regulatory bodies.
• Accounting audit and review — a full check of accounting records maintained by your in-house accountant to verify correctness, identify errors, and minimise tax risks.

Types of Reports and Deadlines in Russia

Our Approach: How We Work

1. Initial assessment — we review your business model, industry, entity type (LLC, branch, representative office), and existing accounting setup.
2. Service scope agreement — we define which accounting functions you outsource to us (full cycle or partial) and agree on reporting formats.
3. 1C setup and data migration — if needed, we configure 1C:Accounting, import historical data, and set up the chart of accounts.
4. Ongoing accounting and reporting — monthly bookkeeping, tax calculations, payroll, and timely filing of all statutory reports.
5. Review and reporting — monthly management reports to your headquarters, quarterly review meetings, and proactive tax risk assessments.

Accounting Audit: Checking Your In-House Accountant

If your company already has an in-house accountant or Chief Accountant, A.J.CONSULTING can conduct an independent review of their work. We check:

• Accuracy of tax reporting filed with the FTS
• Correctness of RAS-compliant accounting entries
• Proper calculation and payment of taxes (VAT, profit tax, NDFL, social contributions)
• Payroll accuracy and labour law compliance
• 1C data integrity and correct configuration
• Timeliness of all statutory deadlines

This service helps identify errors before tax authorities do — and significantly reduces the risk of penalties and tax audits.

Pricing

All prices are indicative. Final pricing depends on the scope of work, number of employees, transaction volume, and entity type. Contact us for a tailored quote.

Why Choose A.J.CONSULTING for Accounting in Russia

• Foreign company focus — we understand the needs of international businesses and report to headquarters in English.
• RAS and IFRS expertise — we handle Russian statutory accounting and prepare IFRS-adjusted reports for your parent company.
• 1C proficiency — our accountants are certified 1C users with deep platform knowledge.
• Proactive risk management — we monitor deadlines, flag risks early, and ensure compliance with all regulatory changes.
• Industry experience — manufacturing, trade, IT, services, pharmaceuticals.
• Full or partial outsourcing — flexible engagement models from full-cycle accounting to specific functions.
• Bilingual communication — all reports and communication available in Russian and English.

FAQ: Accounting and Reporting in Russia

What accounting standards apply in Russia? Russian companies must follow Russian Accounting Standards (RAS), governed by the Ministry of Finance. IFRS is mandatory only for publicly listed companies. For management reporting to a foreign parent company, IFRS-adjusted statements can be prepared in addition to RAS reports.

How often do Russian companies file tax reports? It depends on the tax type. VAT returns are filed quarterly. Profit tax is filed quarterly (with monthly advance payments). NDFL is filed monthly or quarterly. Annual financial statements must be submitted by 31 March.

What happens if a company misses a reporting deadline in Russia? The Federal Tax Service (FTS) imposes fines for late filing, ranging from 5% to 30% of the unpaid tax amount, plus daily penalties. Repeated violations can lead to frozen bank accounts and tax audits.

Can a foreign company outsource accounting in Russia? Yes. Outsourced accounting is a common practice for foreign companies in Russia, especially at the early stages. It reduces costs, ensures compliance, and provides access to a team of qualified specialists.

Do I need 1C software for accounting in Russia? 1C:Accounting is the dominant accounting platform in Russia, used by most businesses. While not legally required, it is practically essential for efficient RAS-compliant accounting and automatic generation of statutory reports.

What is the difference between RAS and IFRS? RAS is rules-based and focuses on statutory reporting for tax authorities. IFRS is principles-based and focuses on fair presentation for investors and parent companies. Most foreign companies in Russia maintain RAS records for compliance and prepare IFRS-adjusted statements for headquarters.

Can you check the work of our existing accountant? Yes. Our accounting audit service reviews your in-house accountant’s work — checking tax reporting accuracy, RAS compliance, payroll calculations, and 1C data integrity. We identify errors and provide recommendations before tax authorities do.

Is outsourced accounting cheaper than hiring an in-house accountant? For most foreign companies in Russia — especially at early stages or with moderate transaction volumes — outsourced accounting is more cost-effective. It eliminates salary, benefits, and training costs while providing access to a full team of specialists.

​For more information and a tailor-made offer contact us.