Record to Report (RTR)

Heineken Shared Service in Krakow, apart from Purchase to Pay (PtP) or Order to Cash (OtC), also deals with Record to Report processes for 26 Operating Companies in 25 languages. Record to Report is one of the most important processes aimed at effective management of the entire financial area in the organization. 

Record to report is a Finance and Accounting (F&A) management process, which involves collecting, processing and delivering relevant, timely and accurate information. It is used for providing financial, operational and strategic feedback to understand how the business is performing. 

Or in other words: the record-to-report business process involves a company's ability to record complete and comprehensive details of every transaction in the ERP system in order to eventually report in financial reporting. 

Process includes such sub-processes as: 

•Financial accounting

•Period end closing activities

•Tax and treasury process

Starting with accounting, which is the process of identifying, recording, and reporting financial information about a particular entity to interested parties. The main way of communicating this financial information is through financial statements, such as the balance sheet and income statement. 

Going next to Period End Closing activities, which entails creating specific postings in the accounting system indicating that a fiscal year or posting period has ended. The process may vary between different countries. 

Ending with Tax and Treasury process, which is about preparing calculations of direct (CIT) current and deferred taxes, indirect (VAT) taxes, excise duty, property taxes and other public liabilities. Treasury in Heineken is about providing the Group and its Operating Companies ongoing access to the capital at the lowest possible (net after tax) cost, to optimize OpCo and Corporate funding and interest cost, to manage exchange and interest rate risk, to ensure liquidity and to centralize available cash within the Group. 

Working for Record to Report will definitely develop your accounting skills a lot, as during closing of the period, where financial statements are being prepared, you will see the information from every possible direction – from PtP, OtC, Treasury, Business and many others. You will see the complete flow of transactions and information within the company and will prepare the information to our stakeholders (for some of the locations additional stock exchange reporting is to be prepared as well) upon it. Wondering about soft skills? Here you go: you will be in contact with many different departments, auditors and external parties. For sure, you will be able to develop your cooperation and negotiation skills a lot.

Indirect Tax Center of Expertise (CoE) is a part of the Record to Report (RtR) department within Heineken Global Shared Services (HGSS). The IT COE combines indirect taxes compliance and reporting with tax technologies know-how to deliver excellent support to business stakeholders.

Take a look at our Record To Report job opportunities below!

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Senior/ Business Analyst for Global Tax Platforms
Senior/ Business Analyst for Global Tax Platforms Finance Kraków, PL, 31-864 01-Feb-2023
Finance Kraków, PL, 31-864 01-Feb-2023
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Senior Technology Specialist - Logistics
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Digital & Technology Kraków, PL, 31-864 01-Feb-2023
Senior/ Business Analyst for Global Tax Platforms
Senior/ Business Analyst for Global Tax Platforms Finance Kraków, PL, 31-864 01-Feb-2023
Finance Kraków, PL, 31-864 01-Feb-2023
Senior Finance Controlling Specialist
Senior Finance Controlling Specialist Finance Kraków, PL, 31-864 01-Feb-2023
Finance Kraków, PL, 31-864 01-Feb-2023
Junior Bank Statement Processing Analyst
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Internship - Data Analyst
Internship - Data Analyst Finance Amsterdam, NL, 1118 BN 01-Feb-2023
Finance Amsterdam, NL, 1118 BN 01-Feb-2023
Maintenance Planner (Da Nang Brewery)
Maintenance Planner (Da Nang Brewery) Supply Chain Da Nang, VN, 550000 01-Feb-2023
Supply Chain Da Nang, VN, 550000 01-Feb-2023
Technology Specialist - SAC
Technology Specialist - SAC Digital & Technology Kraków, PL, 31-864 01-Feb-2023
Digital & Technology Kraków, PL, 31-864 01-Feb-2023