The Accounting Agency (german: Buchhaltungsagentur des Bundes) is a public service company. It is the central service provider for federal accounting and guarantees competent, transparent and reliable services. The Accounting Agency is owned by the Republic of Austria, but is an outsourced federal company that acts independently. The Accounting Agency Act (BHAG-G idF BGBl I Nr 30/2018) forms the basis of our operation.
The daily business includes services like offsetting and audit, by following the budgetary provisions. In addition to these statutory services, the Accounting Agency can also provide services for its customers that are stipulated by contract.
Our customers are all federal ministries, the supreme institution of the state (the Presidential Chancellery, the Parliamentary Administration, the Constitutional Court, the Supreme Administrative Court, the Austrian Ombudsman Board, the Court of Audit) as well as the legal entities administered by the federal government.
The central accounting enables a significant increase in efficiency. There are around 4.6 million bookings, with a volume of around 235.5 billion euros, that are transacted annually by about 530 employees via the federal government bank.
The provision of services and the customer fees are based on a framework agreement between the Republic of Austria, represented by the Federal Minister of Finance, and the Accounting Agency.
The bodies of the Accounting Agency include the following:
- Managing Board
- Supervisory Board
- Advisory Board
The managing director is appointed by the Federal Minister of Finance for a period of up to five years. The Accounting Agency is represented by the managing director in all matters. Since October 1, 2018, Mag.a Dr.in Angelika Schätz has been the managing director.
Supervisory Board & Advisory Board
The Supervisory Board and the Advisory Board are responsible for support, advice and control.
Mag.a Dr.in Angelika Schätz
Headquarters and Offices
The headquarter is located in Vienna. We also have offices in Graz, Klagenfurt, Linz, Salzburg, Innsbruck and Feldkirch.
Headquater in Vienna
The following figure shows the components of the Accounting Process and how it works.
Workplace & health
Since 2008 the Accounting Agency has offered workplace health promotion for its employees. The intention is to prevent illnesses, to support physically health and to improve the well-being of the employees.
In 2014 the Accounting Agency founded a subsidiary company named Agency for Accounting (German: agentur für rechnungswesen gmbh). It is the provider for accounting services for the public sector and offers accounting and payroll accounting services exclusively for provinces, cities, municipalities, associations, public companies and participations in Austria.