Since the UK has left both the European Union and the Customs Union, the UK is now officially a third country. In line with this, trading regulations has changed radically…
Tag: Bookkeeping
Debt collection in Hungary: the full picture
When doing business, you expect your partners to pay for your services, or provide the products you have paid for on time. However, sometimes life happens, and your company ends…
What to watch out for when using online invoicing tools in Hungary
Invoicing software and online invoicing tools are great to improve the accuracy of your invoices while reducing work load and promoting transparency. However, even good programming cannot replace familiarity with…
Changes to invoicing obligations in Hungary from 1 July 2020
As of 1 July 2020, the obligations related to invoices issued by your Hungarian company will change in order to make the economy more transparent. Certain invoices must be reported…
What to do when you made a mistake on an invoice? Correction and cancellation in Hungary
Since accountancy and bookkeeping is strictly regulated in Hungary, there are also strict rules governing how to correct possible mistakes on invoices. To keep things transparent, you can either create…