Invoicing
In relation to Hungarian business operation, the retention period of documents is the time for which you are obligated to keep documents accessible and safe. The retention period of different documents varies, but it is always mandated by law. If multiple regulations mention one type of document, always the longer period prevails. Regulations apply to both electronic and physical documents.
The post Retention periods – Storing documents at your Hungarian company appeared first on Company Formation.
Does your Hungarian business issue receipts? If yes, do you do it by a cash register machine or by another method? If you report receipts manually, watch out: reporting deadlines are getting shorter from September 2026. At the same time, with the availability of new tools, now might be a good time to upgrade your workflows.
The post September 2026 changes to issuing receipts in Hungary appeared first on Helpers Finance.
Small companies operating in industries where long delays are typical between invoicing and settlement sometimes struggle with paying VAT on time – since the VAT content of their invoices must be paid according to the date of delivery, not settlement. Cash accounting was designed to counterbalance this, but it has some serious drawbacks.
The post Cash accounting at your Hungarian company appeared first on Helpers Finance.
At a Hungarian business, every money transaction needs to be documented. This is true not only for electronic or wire transactions, but also for cash transactions. If your business manages cash, you will need to have a petty cash log and appropriate documentation even if you do not have a regular cash register. Additionally, petty cash registers are often scrutinized during tax audits, so they must be up to date.
The post Petty cash and cash limitations in Hungary appeared first on Helpers Finance.
Is your Hungarian company issuing receipts or invoices? If you issue receipts, get ready for the introduction of the electronic cash register which allows better reporting towards the Tax Authority and offers better customer experience.
The post Invoices and receipts at your Hungarian company appeared first on Company Formation.
Many of those Hungarian businesses that are allowed to issue receipts instead of invoices are in fact required to issue those receipts with cash register machines. Read on to learn how this works in Hungary, and how to decide if you should be using a hardware-based cash register.
The post Who needs a cash register in Hungary? appeared first on Helpers Finance.
Starting from September 15, new and stricter rules have been introduced regarding EU VAT invoices. If you have customers from other EU member states, read on to learn what changed and what you should watch out for.
The post Stricter rules for issuing EU VAT invoices in Hungary appeared first on Helpers Finance.
As of July 2025, a new option is available to sellers who are issuing receipts instead of invoices: through a dedicated app, they can easily create and immediately report receipts. At the same time, customers may now also use an app to receive receipts, this way reducing paper waste and easily storing e-receipts for future reference.
The post Introducing E-receipts: another step towards digitalization in Hungary appeared first on Helpers Finance.
Hungary has been making great efforts towards digitalizing administrative processes, including reporting sales and income. As the next step, two new IT tools have been introduced to promote paperless solutions for creating receipts. The below article will discuss receipts in Hungary, and in our next article we will talk about the new solutions.
The post What is the difference between invoices and receipts in Hungary? appeared first on Helpers Finance.
From July 1, 2025, electricity and natural gas providers in Hungary can send only e-invoices to their B2B clients. If your business has such a contract, it is time you learn how to store electronic invoices in a secure and compliant way.
The post How to store electronic invoices in Hungary appeared first on Helpers Finance.