Accounting Year‑End Close with Professional Support

At the beginning of the year, one of the key tasks is closing the preceding financial year, which places a significant additional burden on companies’ accounting departments. The accounting close of the year is a complex process governed by strict regulations and rules. It presents numerous challenges, particularly in critical tasks such as inventory counts, year-end valuations (projects, inventories, fixed assets, receivables and liabilities), assessing the equity position, as well as reviewing related-party transactions and transfer pricing. These tasks require not only substantial time, but also deep expertise, as the detailed, audit‑ready substantiation of the balance sheet in the financial statements is the cornerstone of a company’s financial reliability.

Today, the challenges of the accounting close are further compounded by the limited availability of skilled professionals. Filling roles that demand specialised accounting and finance knowledge, and managing increased workloads, often proves difficult. Proper planning and preparation are therefore crucial, as is the optimal allocation of available resources. In addition, year-end updates to accounting policies play a prominent role in preparing for the audit, as they ensure that the company’s accounting practices align with current legal requirements and internal operating specifics, while also enabling the incorporation of lessons learned from the prior year and the identification and mitigation of potential risks.

But what happens if there are insufficient internal resources for these tasks? Deloitte’s On-Site Support service offers a flexible and fast solution: our experts can support companies either temporarily or over the longer term to ensure that critical accounting tasks are completed to a high standard and on time — even during a hiring freeze. An external expert perspective can also bring fresh insights into corporate processes, fostering more efficient operations and timely risk identification.

Deloitte Accounting On-Site Support.

Deloitte’s On-Site Support service is specifically designed to address temporary or long-term resource challenges in accounting. The benefits of our service include:

• Comprehensive accounting support: From day-to-day bookkeeping to specialised tasks, including period-end closing activities, we provide expert assistance across all areas.
• Broad professional coverage: From junior to managerial levels, we provide solutions to backfill roles at any level of seniority.
• Flexible duration and working pattern: The extent and length of support can be tailored to actual needs — from a few hours per week to full-time presence.
• Rapid deployability: No lengthy selection or onboarding is required — our experts become productive quickly.
• Cost efficiency: Fees apply only to the actual engagement period; no long-term commitments.
• Professional added value: Our experts support day‑to‑day execution and bring insights to optimize processes and enhance efficiency.
• Flexibility during hiring freeze: By using the service, you can ensure expert capacity during periods of hiring restrictions without recruiting new employees.

We would highlight that involving external experts not only facilitates the completion of legally required tasks but also provides a fresh perspective that can lead to more efficient execution of routine activities and the identification of risks.

Our experts address situations arising from temporary or persistent resource shortages in line with your company’s specified needs. Where necessary, they partially or fully take over the responsibilities of the role, performing them continuously and to a high standard for the agreed period. This flexible approach can be advantageous for regional or global financial shared services centres (SSCs/GBSs), where, in addition to fundamental accounting expertise, appropriate language skills and cultural alignment are essential for successful task delivery.

When might it be worth using the accounting On-Site Support service?

• Temporary capacity shortages: Covering extended absences due to parental leave, illness, or other reasons.
• Staff turnover management: Substituting departing colleagues until new hires arrive — including during hiring freezes.
• Seasonal peak periods: Efficiently handling periodic reporting and closing obligations, audits, seasonal workload increases or other recurring tasks.
• Special projects: Implementing a new accounting system, consolidation, transitioning to IFRS, or other bespoke accounting projects that require expert support.
• Lack of expert support: When the company lacks adequate specialist background for managing a specific accounting area.
• Hiring freezes: During corporate reorganisations, cost-reduction measures or centrally mandated hiring freezes, the On-Site Support service enables capacity expansion without increasing headcount or payroll costs.

If your company faces temporary or long-term resource shortages in accounting or finance, please contact Deloitte’s experts with confidence. Our On-Site Support service offers a flexible, cost-effective solution that can be implemented immediately at any stage of corporate operations — including periods of hiring restrictions — and can be adapted flexibly to changing needs.

Further details about Deloitte’s On-Site Support service can be found here:

https://www.deloitte.com/hu/en/services/tax/services/deloitte-on-site-advisory.html