Year-End Accounting and Financial Tasks: Decisions, Opportunities, Tips for Businesses – 2025 / 2026

If you want to avoid year-end overload and stress, it is worth bringing forward some tasks and starting to plan ahead, reviewing the necessary actions and opportunities for the coming months.

2025 Year-End Accounting Tasks

Preparing for Inventory

It is necessary to take inventory of raw materials, goods, intangible assets, and tangible assets. According to the Accounting Act, the latter two must be inventoried at least every three years.

For intangible assets such as software, it is important to check whether the proper documentation exists, whether the software is still usable, whether compatible hardware is available, and whether the software is actually in use or has become obsolete and needs to be written off. This task does not necessarily have to be performed on the last day of the year; it can be brought forward.

The company’s entire asset base should also be reconciled with the figures in the books. For real estate, it is worth checking the property registry to ensure no prior mortgages were overlooked. Other tangible assets should be verified through physical inventory, visual inspection, and counting. If an asset shortage is discovered and it can be determined that the loss could have been avoided with proper care, the tax base must be increased by the value of the missing asset.

Inventory of stock items should be performed around the balance sheet date, i.e., the last or first days of the year. The process can be simplified by organizing the warehouse beforehand, grouping items, and separating damaged or unsellable goods.

Work-in-progress and unfinished products require special attention: their degree of completion must be determined and the appropriate value assigned. Businesses holding such products should review internal policies, including cost accounting rules and post-calculation procedures, and update them if necessary.

Do not forget to inventory packaging materials, as they can represent significant value.

For assets stored offsite – so-called third-party locations – request a storage declaration and photos from the partner to confirm the existence of the assets.

Write-offs of inventory that cannot be sold at full price but are still usable are considered deductible costs for tax purposes, so no tax liability arises. The company’s accounting policy defines the allowable amount and method. However, if the inventory shortage exceeds industry norms, a tax liability may arise.

The LeitnerLeitner Audit Team provides reliable audit services to support both current and new clients.

Year-End Financial Reconciliations for 2025

It is necessary to reconcile receivables and liabilities in the books with the actual situation. Reconciliations can be scheduled before the end of December, for example by November 30, allowing enough time to receive responses and compare the recorded amounts.

Year-End Equity Management – Financial and Accounting Options

Companies with persistent losses should review their equity position and prepare for its adjustment through additional contributions or capital increases, which can be made in cash or other contributed assets.

In this process, it is advisable to use LeitnerLaw legal services, which provide support for the legal and administrative steps of equity adjustment, ensuring smooth and compliant execution.

Year-End Decisions 2025: Options for foreign currency accounting and foreign currency tax payments 

Year-End Transition from HUF Accounting to Foreign Currency Accounting

Transitioning to foreign currency accounting is advisable at year-end for businesses with most revenues and expenses in foreign currency, especially if large exchange rate fluctuations significantly affect results. Transition from HUF accounting to EUR/USD accounting requires:

• Amending the Articles of Association or Company Charter
• Updating the accounting policy
• Preparing two financial statements: one in the old currency (HUF) and one in the new currency (EUR/USD)
• Audit verification of the statements

LeitnerLeitner and LeitnerLaw work closely to assist in currency transition.

Foreign Currency Tax Payments in 2026

Corporate tax and local business tax can be paid in EUR or USD, regardless of the accounting currency. This option applies only to the entire upcoming tax year and must be reported to the tax authority in advance. Deadline: the first day of the month preceding the tax year (for 2026, by December 1, 2025).

Foreign currency tax payments are most advantageous for companies with foreign currency accounting or substantial foreign currency revenue, saving currency conversion costs.

Contact LeitnerLeitner tax experts for assistance with foreign currency tax payments.

Glossary – Year-End Accounting and Financial Tasks 2025/2026

• Inventory / Stocktaking
  Physical and book verification of a company’s assets, stock, intangible and tangible assets. Required at least every three years for intangible and tangible assets.
• Intangible Assets
  Non-physical assets such as software, licenses, and rights that have value and support business operations.
• Tangible Assets
  Physical assets such as real estate, machinery, and equipment recorded in accounting books.
• Impairment / Write-Off
  Accounting entry reducing the value of inventory or assets if they become unsellable or unusable; deductible for tax purposes under certain conditions.
• Equity
  The total of owner-contributed and retained funds, reserves, and profits. Persistent losses require adjustment through additional contributions or capital increases.
• Additional Contribution / Capital Increase
  Financial operations increasing company equity via cash or other contributed assets.
• Foreign Currency Accounting
  Maintaining accounting records in foreign currency (e.g., EUR, USD), suitable for businesses with substantial foreign currency transactions.
• Foreign Currency Tax Payment
  Option to pay corporate and local business taxes in EUR or USD, regardless of accounting currency; application deadline: first day of the month preceding the tax year.
• Year-End Financial Reconciliations
  Comparing receivables, liabilities, and other financial items with actual balances to identify and resolve discrepancies.
• LeitnerLeitner Audit Services
  Professional support for auditing accounting and financial processes, ensuring proper inventory, statements, and equity management.
• LeitnerLaw Legal Services
  Legal and administrative assistance for equity adjustments, additional contributions, and other corporate decisions.
• LeitnerLeitner Tax Advisory Services
  Expert support for year-end accounting and financial decisions, including KIVA transition, foreign currency accounting, and foreign currency tax payments, ensuring compliance and smooth execution.
• LeitnerLeitner accounting services
  LeitnerLeitner bookkeepers / accounting advisors not only prepare your financial statements and reports efficiently and accurately, in accordance with local or international standards, but can also cover all administrative tasks as required by our services. We use the time freed up by automating document recording to identify discrepancies and problems and providing accounting advice. If necessary, we also involve our tax advisor and lawyer colleagues. We handle our clients’ requests in a complex and broad context.