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Expertise  /  Accounting (RAS)
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Operating · 06

Accounting & reporting in Russia

Reporting aligned with Russian (RAS) requirements.

Accounting coordination and statutory reporting aligned with Russian standards, with IFRS reconciliation and management reporting that fits how your group reports globally.

Chinese companiesUAE investorsTurkish groupsIndian companiesEU subsidiaries
Book a call ← All expertise
At a glance
ScenarioOperating in Russia
StandardsRAS · IFRS recon
LeadChief accountant

Overview

Statutory accounting in Russia follows Russian standards (RAS), which diverge from IFRS in ways that matter to a foreign parent — from revenue recognition to the treatment of primary documents. A foreign-owned company needs books that are correct under RAS and reporting that reconciles cleanly to the group’s IFRS numbers.

We keep the books under RAS, prepare statutory financial statements and handle the primary documentation that Russian rules demand. In parallel we produce IFRS reconciliations and management reporting aligned with your group calendar, and we act as the point of contact for the statutory audit. The outcome is one set of records that satisfies the Russian authorities and one that your head office can consolidate without surprises.

+ what we offer
01
Bookkeeping under RAS

Full statutory bookkeeping and primary-document handling under Russian accounting standards.

Statutory bookkeeping (RAS)
Primary document handling
Ledger maintenance
1C configuration
02
Statutory financial statements

Annual statutory statements prepared and filed with the Russian authorities.

Annual statutory statements
Filing with authorities
Notes and disclosures
Deadline management
03
IFRS reconciliation

IFRS reconciliations and reporting packs aligned to your group’s consolidation calendar.

RAS-to-IFRS reconciliation
Group reporting packs
Consolidation-calendar alignment
Management reporting
04
Audit liaison

We act as the point of contact for the statutory audit and support the auditors through completion.

Auditor coordination
Audit request fulfilment
Adjustment support
Completion sign-off support

What's included

Bookkeeping under RAS Read insights: Accounting Statutory financial statements Read insights: Accounting Management reporting Read insights: Accounting IFRS reconciliation Read insights: Accounting Statutory audit liaison Read insights: Accounting
Primary document handling
+ fixed-scope package
Switch Package
Review of current provider & 1C
Structured handover, no missed filings
Reconciliation of the position
Live on a clear compliance calendar
Timeline
4-week transition
Pricing
Fixed fee, quoted in 24h
Get a quote →

Typical situations we handle

You need statutory accounting under RAS from day one.

Your head office reports in IFRS and needs reconciliation.

A statutory audit is approaching.

Example · Recent work
International group, RAS + IFRS

Took over statutory bookkeeping under RAS and built an IFRS reconciliation aligned to the group calendar, closing gaps between the Russian books and head-office reporting.

+ how we work

A clear, coordinated process

01
Onboarding

Take on the books and configure 1C for your entity.

02
RAS bookkeeping

Maintain statutory records and primary documents.

03
IFRS reconciliation

Align to the group calendar and reporting pack.

04
Audit support

Act as the point of contact for the statutory audit.

+ at a glance

RAS vs IFRS

Factor
RAS (statutory)
IFRS (group)
Purpose
Russian compliance
Group reporting
Mandatory
Yes, by law
For your group
Filed with
FTS (GIRBO)
Head office
Basis
Russian rules
International standards
We provide
Full bookkeeping
Reconciliation & packs
+ in-house vs outsourced

Building it in-house, or outsourcing to us

Factor
In-house
With TaxWell
Russian expertise
Depends on hire
Big Four background team
1C configuration
Separate cost
Included
FTS audit representation
Additional legal fee
Included in engagement
Languages
Usually Russian only
EN · RU · 中文 · Türkçe
Scalability
Fixed headcount
Scales with volume
+ questions

Frequently asked

Do you keep books under RAS?

Yes — full bookkeeping, statutory statements and primary document handling under Russian standards.

Can you reconcile to IFRS?

We prepare IFRS reconciliations and reporting packs aligned with your group calendar.

Do you liaise with auditors?

We support the statutory audit and act as the point of contact for auditors.

From our insights

All articles
Accounting · 4 min
Accounting Outsourcing in Russia: Practical
Accounting · 4 min
Accounting in Russia: RAS rules and mandatory reporting for foreign companies
Accounting · 4 min
Accounting in Russia: RAS Reporting Rules for Foreign Companies
Accounting · 4 min
IFRS to RAS Reconciliation in Russia

Other expertise

01
Tax & compliance
02
Transfer pricing
05
Payroll & HR
We work with
Chinese companiesUAE & Turkish subsidiariesIndian companiesEU companiesInternational groups
We work in
EnglishRussian中文Türkçe
+ what happens when you contact us
01
You send us a question

By email, WhatsApp, Telegram or WeChat. Describe your situation briefly — we don’t need everything upfront.

02
We respond within 24 hours

A named adviser replies — not a generic inbox. We confirm whether we can help and propose a call if needed.

03
30-minute intro call

We ask about your situation, Russian entity structure and what you need. No charge. In English, Russian or Chinese.

04
Engagement letter

Clear scope, fee and timeline. We start on receipt of the signed letter. No retainer lock-in on project work.

Speak to a senior adviser about Accounting (RAS)

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Practical support for international business in Russia.

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Services
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Market focus
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Industries
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Insights
3-NDFL tax return in Russia: complete guide for foreign individualsAccounting Outsourcing in Russia: PracticalAccounting in Russia: RAS rules and mandatory reporting for foreign companies All articles →
Contact
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+7 (966) 976 96 27
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