Accountancy and reporting requirements play a key role within a multinational group. Studio Sfondrini may support a client with the set up or the customization of its accountancy system ensuring it complies with Italian and UK regulations.

In-house or outsourced accountancy and bookkeeping services along with administrative services are provided. In-house solutions are offered so that flexibility is granted in terms of resources made available to the client along with expertise in accountancy matters. Alternatively we provide outsourced accountancy services planned and carried out according to the clients’ specific requirements by meeting their standards and time schedule.

Our firm makes use of a dedicated top ranking Italian accountancy software system that uses both Italian and English language or may address specific clients’ requirements for the customization and use of SAP, Oracle and Microsoft accountancy systems.

When providing our services we combine the knowledge of accounting, tax and business issues.

Accountancy and bookkeeping services are managed both in Italian and English language in order to allow swift communication with international clients.

Accountancy matters that are specifically dealt with are

• Set up of the accountancy system in compliance with Italian regulations or customization of our in-house accountancy system to meet clients’ requirements
• Evaluation of the parent company IT system and customization to Italian requirements
• In-house bookkeeping services, update of annual accounts and VAT returns
• Annual check and review of clients’ accounts in order to ensure their compliance with Italian and/or UK regulations
• Assistance with year end closing process
• Statutory financial statements drafting and electronic filing
• Financial reporting according to the parent company format
• Conversion of accounts from Italian/UK GAAP to US GAAP or IFRS