Payroll Management & HR Administrative Support

Accounting Solutions is trusted by more than 150 companies and manages the payroll of more than 16,000 employees in total. Our customer’s trust stems from the high level of specialization and dedication of our executives, which:

  • Ensure confidentiality
  • Prepare payrolls in a timely and correct manner
  • Cover labor, insurance and tax issues
  • Are constantly vigilant ensuring timely information on changes in collective employment agreements, taxation and social security funds
  • Provide on-line connectivity with our customers

At a quite low cost, we responsibly and reliably undertake the following services, depending on your business needs:


  • Data processing and preparation of payrolls
  • Preparation of all necessary payroll related documentation/reports and individual detailed pay-slip receipts of employees
  • Monthly payroll journal vouchers for the accounting department
  • Preparation of data file for the client's bank in order to deposit salaries due to the individual accounts of personnel
  • Detailed payroll cost analysis, tailored to the company’s requirements (salaried staff/day laborers/hourly rates), by geographical area, cost center, department, business unit etc.
  • Preparation and submission to all labor authorities of any informative reports according to applicable labor legislation
  • Preparation and submission to the Manpower Organization (OAED) of employee dismissal notices
  • Preparation of compensation tax return forms and submission to the tax office
  • Preparation of staff remuneration budget
  • Issuance of remuneration attestations, preparation and submission of temporary and final withholding tax on salaries returns

Social Security Funds

  • Preparation and on-line submission of periodic IKA returns
  • Preparation and submission of required returns on employee withholdings and employer contributions for other principal and supplementary social security funds
  • Preparation of employee withholdings certification prior to the issuance of computerized social security records
  • Assistance with procedures for the payment of all dues to supplementary social security funds
  • Receipt of clearance certifications by social security authorities, whenever requested
  • Compliance with IKA requirements for hiring new employees, when changing company’s seat or establishing new branches

Other Services

  • Payroll cost estimates and budgets for the current or subsequent years
  • Calculation of the provision for employees’ statutory compensation, according to the needs of the company
  • Reconciliation of withholding tax on dismissal settlements
  • Support for refund of employer’s contribution on professional training cost
  • Payroll processing selectively for foreign personnel or senior executives

Diagnostic Payroll Audit

Based on the findings of our specialized diagnostic payroll audit we will evaluate and report on the following:

  • Adequacy of current procedures and controls in the company's payroll department
  • Calculation of withholding tax on salaries and social security contributions
  • Compliance of employment contracts with legislative requirements
  • Compliance with any applicable collective employment agreements on salary and wage levels and other matters
  • Compliance with labor regulations on supplementary benefits, hourly rates, overtime rates etc.

Administrative HR Support

  • Administration of records on employee annual leave entitlements, sick leave, participation in training programs etc.
  • Preparation and management of employee statistics
  • Administration of attendance records and shifts’ schedule
  • Administration of employee turnover records
  • Assistance with the recruitment procedures for Small and Medium-sized Enterprises (SME’s)
  • Assistance with the calculation of budgeted costs for SME's

For more information
please contact:

Chairman & Managing Director of Accounting Solutions SA
Partner of Accounting Solutions, Payroll and HR Admin Director

Vagelis Fakos is specialized in financial and tax advising and has significant experience in human resources management as well as in logistics, customer service and outsourcing.

He started his career in 1984 as a member of the Tax and Audit Department at Coopers & Lybrand (now PwC). In 1988, he joined Trofeklekt SA in the Greek subsidiary of Mars Group Inc., where he spent 13 years in several financial and administrative positions in Greece and abroad. In 2001 he moved to Accounting Solutions SA and took over the management of the newly-founded company as General Manager.

He is a graduate of the Athens University of Economics and Business with postgraduate degrees from the tax department of ELKEPA and is a Member of the Economic Chamber of Greece and of the Hellenic Institute of Financial Management (EIOD) of the Hellenic Management Association (EEDE).

Irene's Maniatopoulou experience covers a wide range of consulting services in payroll, labor and social security issues and has attended and/or participated in several seminars on labor and social security matters.

She started her professional career at Coopers & Lybrand (now PwC) in 1980 where she first worked in the Financial Department and later undertook the management of the entire Payroll Services Department.

She is a graduate of Panteion University (Public Administration Faculty).