You are preparing to operate in Portugal
Portugal All Aboard supports the initial assessment and onboarding of your project. Ongoing accounting and tax support is defined separately, according to your operation and the group's requirements.
TeamPartner · International groups
Accounting in Portugal. Reporting for your headquarters.
Headquarters needs a clear view of your Portuguese operation. We coordinate local accounting and tax work with reporting in English, using the formats and closing calendar agreed with your group. Your finance team has a point of contact in Portugal to explain the information.
- Supporting clients since 2012
- Communication in English and Portuguese
- Support for your local operation and headquarters team
Tell us how your operation works. We will prepare a proposal setting out the scope, responsibilities and fees.
Tell us how your operation works. We will prepare a proposal setting out the scope, responsibilities and fees.
- Supporting clients since 2012
- Communication in English and Portuguese
- Support for your local operation and headquarters team
You lead the group's finance function
You need to understand the Portuguese operation's results, keep track of outstanding matters and receive information in the format headquarters uses.
You coordinate reporting and the close
You need to agree documents, reconciliations, checks and dates with the local team. We help coordinate that work and clarify the information for each period.
You manage the operation in Portugal
You need to know what to prepare, when to provide it and whom to contact. We define how your team, TeamPartner and your headquarters contacts will work together.
Support can cover subsidiaries, branches and other Portuguese operations of international groups. If your company has international owners but does not report to headquarters, explore our Accounting and Taxation service.
From local accounting to the information headquarters needs.
The Global Accounting Framework is TeamPartner's own approach to connecting accounting and tax work in Portugal with the information needs of international groups.
The work starts with practical questions: what information does headquarters need, in which format, how often and following which checks? These requirements guide the tasks and communication between teams.
We support the local accounting work and help prepare reporting. Your in-house finance team retains responsibility for group management and decisions, with a contact in Portugal to process and explain the information.
This approach forms part of our Accounting and Taxation service. Your proposal identifies the work planned for your operation.
Experience supporting international operations
TeamPartner has supported businesses in Portugal since 2012. Nuno Ribeiro is the company's CEO and Marta Agostinho its Head of Accounting.
Our experience with international clients includes situations where a local team needs to prepare information for headquarters in another country. Published testimonials show how these clients describe the working relationship.
- Nuno RibeiroCEO
- Marta AgostinhoHead of Accounting
CARMA: support with reporting to its parent company in Dubai
In the published testimonial, Filipe M. Pereira of CARMA highlights TeamPartner's reliability, close working relationship with management and support with financial reporting to the parent company in Dubai.
HansaWorld: information for headquarters
We particularly value their ongoing support and the clear, accurate reporting of the company's financial and tax activities to our headquarters, enabling us to make informed decisions with confidence.What support for your Portuguese operation can cover
The engagement connects local accounting work with the information your group needs to review. These are the main areas we can prepare with you:
Reporting in English
Accounting and financial information prepared for your headquarters contacts, with agreed formats, recipients and frequency.
A closing calendar coordinated with headquarters
Submission dates, checks and opportunities to clarify information agreed between teams. Each party knows what to prepare for the period.
Reconciliations and information checks
Reconciliation of balances and checks on accounting records, helping identify missing information and questions that need clarification.
Digital document organisation
Documents organised to support accounting records, checks and reporting preparation. The submission routine is defined with your local operation.
Support with local tax matters
Communication about documents, deadlines and payments for obligations within the engagement, so your Portuguese operation can prepare what it needs to provide.
A point of contact in Portugal
A contact who knows your operation, can explain the information, follow up on outstanding matters and coordinate requests with your group team.
The proposal sets out the scope, frequency and responsibilities. We consider the available information and systems before agreeing deliverables.
An agreed calendar, information flow and responsibilities
Before work starts, we agree the documents, checks and information-sharing dates between the Portuguese operation and headquarters. The example below illustrates how these responsibilities can be organised.
How coordination between teams can be organised
This example shows matters to consider when preparing an engagement:
| Subject | Information and coordination | Timing |
|---|---|---|
| Accounting documents | Records and explanations needed for the period. The local operation supplies the information; TeamPartner processes and clarifies it within the agreed scope. | Agreed submission dates. |
| Reconciliations | Balances and supporting information to complete or check. Checks and responsible people are agreed between the teams. | The agreed closing calendar. |
| Chart of accounts and formats | Fields and templates requested by headquarters. The group describes its requirements; the working approach is assessed with TeamPartner. | During preparation and when requirements change. |
| Reporting to headquarters | Information and clarifications within the engagement. Language, format, checks and recipients are defined. | Agreed frequency. |
| Local tax obligations | Documents, payments and matters within scope. Responsibilities and communication are agreed. | The calendar applicable to the operation. |
| Audit documentation requests | Relevant accounting documents and explanations. Information preparation within the engagement. | Requests and timing are assessed. |
Preparing to start or change your local accounting partner
Before starting the engagement, we assess your operation and headquarters' requirements. If you already work with an accountant in Portugal, we prepare the information handover and coordinate the first working periods.
1. Understand the operation and the group
We assess your activity in Portugal, the current accounting position, the team involved and the information headquarters needs.
2. Identify documents and outstanding matters
We identify the records to transfer, balances to reconcile and explanations needed to prepare the engagement.
3. Agree formats, the calendar and contacts
We organise how information will be exchanged, the reporting requirements and the responsibilities of your operation, TeamPartner and headquarters.
4. Prepare the first working cycles
We coordinate the document handover and relevant checks. The calendar takes account of the information available and matters that need to be resolved.
You can share your current position and the information templates your group uses. These help us assess how to start the work and prepare your proposal.
Initial set-up and ongoing accounting support
The stage of your operation determines the support you need. We can discuss starting in Portugal or supporting an existing business activity.
You already have an operation in Portugal
If your operation is already running, we agree the local accounting and tax work, reporting to headquarters and coordination with your in-house finance team.
Questions about supporting your group in Portugal
Answers to questions that help you assess the engagement and prepare your first enquiry.
Can you work with our group's chart of accounts and reporting formats?
We can coordinate local accounting information with the group's chart of accounts and requested formats. We assess templates, fields and headquarters' requirements before defining account mappings and the work involved. Specific accounting frameworks or deliverables are assessed as part of the proposal.
Can you work with our group's ERP or reporting system?
We assess this case by case. Before agreeing the engagement, we review your group system’s input and output formats, the information available and the checks needed. The proposal explains how information will be exchanged. If a specific technical integration is required, we identify the need and assess that work separately.
Can the engagement include accounting information for audit requests?
Yes. The scope can include preparing accounting documents and explanations for headquarters' requests and internal or external audits. These tasks are defined in the proposal. Preparing information is distinct from conducting an independent audit and issuing an opinion on the accounts.
Who prepares, checks and follows up on the information each period?
The proposal identifies the tasks of your local operation, TeamPartner and the group team. Your operation supplies the necessary information; TeamPartner processes, checks and explains information within scope; headquarters contacts take part in the agreed checks and decisions. The Portuguese company’s management retains its legal responsibilities and the decisions that fall to it.
Is the Global Accounting Framework a certification or a separate service?
It is TeamPartner's own approach to supporting international businesses within the Accounting and Taxation service. It organises the relationship between local work and headquarters' requirements. It is not presented as a certification, an international accounting standard or a separate service in the catalogue.
Can you support a Portuguese subsidiary or branch of a foreign company?
The support can suit either context. A subsidiary and a branch have different structures, so we assess the operation and relevant requirements before defining the engagement. If you are preparing to enter Portugal, we can also assess initial onboarding through Portugal All Aboard.
How are the scope and fees agreed?
We prepare a tailored proposal based on your activity, the information required, frequency, systems and coordination with the group. It sets out the included tasks, responsibilities, fees and terms for additional work, so you can assess the engagement before deciding.
Let's connect your Portuguese accounting with headquarters' reporting.
Tell us the stage of your Portuguese operation and what headquarters needs to receive. If you already have reporting formats or a closing calendar, describe them in your enquiry. Our team assesses how the work can be organised and prepares a proposal.
Proposal for your Portuguese operation
To begin, it helps to understand:
- Your activity and the current position of the operation in Portugal.
- The information formats, language and calendar used by headquarters.
- The systems available and the team involved in the finance work.
After reviewing your enquiry, our team contacts you to clarify the support you need. Where appropriate, we arrange a free, no-obligation 30-minute initial meeting.
A description of your requirements is enough to start the conversation. The team will explain what information is needed next.
- Supporting clients since 2012
- Communication in English and Portuguese
- No-obligation request