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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Jr. Key Account Manager
Jr. Key Account Manager Commerce Jakarta, ID, 12430 29 Feb 2024
Commerce Jakarta, ID, 12430 29 Feb 2024
Senior Financial Planning & Analysis Lead
Senior Financial Planning & Analysis Lead Finance Kraków, PL, 31-864 29 Feb 2024
Finance Kraków, PL, 31-864 29 Feb 2024
Senior Agile Project Manager
Senior Agile Project Manager Digital & Technology Kraków, PL, 31-864 29 Feb 2024
Digital & Technology Kraków, PL, 31-864 29 Feb 2024
Data Modeler
Data Modeler Digital & Technology Kraków, PL, 31-864 29 Feb 2024
Digital & Technology Kraków, PL, 31-864 29 Feb 2024
Internship - Trade Marketing Global Duty Free
Internship - Trade Marketing Global Duty Free Commerce Amsterdam, NL 29 Feb 2024
Commerce Amsterdam, NL 29 Feb 2024
Technology Specialist - Connected Worker
Technology Specialist - Connected Worker Digital & Technology Kraków, PL, 31-864 29 Feb 2024
Digital & Technology Kraków, PL, 31-864 29 Feb 2024
Data Scientist
Data Scientist Digital & Technology Kraków, PL, 31-864 29 Feb 2024
Digital & Technology Kraków, PL, 31-864 29 Feb 2024
Master Materials Scheduler
Master Materials Scheduler Supply Chain Johannesburg, GT, ZA, 2000 29 Feb 2024
Supply Chain Johannesburg, GT, ZA, 2000 29 Feb 2024
Merchandiser - Palmerston North/Whanganui
Merchandiser - Palmerston North/Whanganui Commerce Palmerston North, NZ, 4472 29 Feb 2024
Commerce Palmerston North, NZ, 4472 29 Feb 2024
Process & Control Improvement Manager
Process & Control Improvement Manager Finance Port Moresby, PG, 121 29 Feb 2024
Finance Port Moresby, PG, 121 29 Feb 2024