Accounting for the automotive industry

The automotive industry and accounting

The automotive industry is one of the most rapidly growing sectors of the economy in Poland and Europe, which is why we are constantly developing our competencies to offer the highest quality accounting services to companies in this industry. Both for vehicle manufacturers (OEMs) and component suppliers (TIER 1-3).

Our experience includes full accounting and payroll services for automotive companies that operate in manufacturing, assembly and engineering models. With in-depth knowledge of industry realities, we effectively support clients in ensuring data transparency, process continuity and compliance with international accounting standards.

Comprehensive accounting services for Automotive companies

Our offer includes a wide range of services tailored to the requirements of companies in the Automotive sector. The scope of accounting support includes, among others:

maintaining full accounting books and tax records, preparation of financial statements and comprehensive audit services, management of fixed assets, tools and cooperative agreements (tooling), accounting for production and recognition of long-term contracts (both accounting and tax), proper recording of products issued for external processing (consignment), accounting for grants, subsidies and capital expenditures (CAPEX) and operating expenses (OPEX), support for recording revenues and expenses within thePolish Investment Zone (PSI),
Group reporting in accordance with US GAAP, IFRS and SOX rules, Assisting with the implementation of financial and accounting systems, including subsequent versions of SAP, preparation of ad hoc analyses and reports based on the client's individual business needs.

Thanks to our flexible approach, we can handle both selected accounting processes and full accounting of a company - regardless of its scale and organizational structure.

Automotive is our specialty

Our knowledge and experience in serving companies in the automotive industry ranges from OEMs to suppliers of components, subassemblies or engineering services. We are familiar with the specifics of typical Automotive accounts - from tooling records, CAPEX and OPEX projects, to IFRS and SOX compliant reporting.

Thanks to the combination of expert knowledge, knowledge of standards and advanced financial tools, we effectively support clients in the development of their business in Poland and on international markets.

Why do automotive companies choose Aider Poland?

Our experience and specialization in the automotive industry allow us to effectively respond to the needs of companies operating in manufacturing environments, with large scale and complex financial processes.

- The team at Aider Polska (MDDP Outsourcing) is made up of specialists with many years of experience in the finance departments of large automotive companies. This guarantees familiarity with the real challenges of the sector - from settling contracts with suppliers to managing investment projects.
- Transparent reporting, full control over data and standardization of procedures minimize the risk of errors, payment delays or audit problems.
- We provide stable accounting services regardless of turnover, vacations or absenteeism of internal finance department employees. The client gains the certainty of uninterrupted support and consistency of processes.
- We offer the possibility of adjusting the scope of services to the needs of the organization - from selected processes to comprehensive financial services. If necessary, we also take over additional tasks, such as contacting authorities, preparing analyses or reports - without the need to sign new contracts or hire more employees.

Trust Aider Poland - leader in accounting services for Automotive

Working with us, you gain not only operational support, but also a business partner. Our experience allows us to perfectly understand this industry, which translates into effective accounting management.

We invite you to read the case studies of Aider Polska's (MDDP Outsourcing) Automotive clients and contact our team of specialists.

Frequently Asked Questions (FAQ)

Read frequently asked questions about accounting in the automotive industry.

- No. We support both manufacturers (OEMs) and component suppliers and service companies operating in the automotive value chain.
- Among other systems, our experts work on SAP, Oracle, Comarch ERP and other platforms used in the automotive industry.
- Yes, we ensure full compliance with international accounting standards, including IFRS, US GAAP and SOX rules.
- Yes, we offer comprehensive tax support in cooperation with MDDP experts - from settlements CIT and VAT to taxes on investments in PSI.
- Of course. Our services are scalable - you can entrust us with selected processes or full accounting.
- The most important are: cost reduction, process continuity, industry expertise and operational flexibility.