R2R team works in a country-based structure. This means that there is one team for each Country (Business Unit), which is led by the Accounting Manager or Chief Accountant. R2R teams’ main goal is to assume end-to-end responsibility of all areas of accounting and reporting as well as act as a single point of contact for Business Units. It must be mentioned that the R2R team prepares 99% of all financial accounting and reporting deliverables that are sent to the corporate team in Laval, Canada, and for statutory reporting purposes.

Fixed assets team is the main contact for the Network Development Operations (NDO) department to give support on the end-to-end Intangible/Fixed assets process starting from the capitalisation and depreciation of assets and ending with Intangible/Fixed assets reporting to the corporate team in Laval, Canada. Fixed assets team also performs Purchase Price Allocation (PPA) accounting for acquisitions made within Circle K Europe group and supports the annual fixed asset count process.

ITX Team in Business Centre Riga is responsible for calculating VAT and Excise duty taxes, as well as for filling out and submitting VAT and Excise duty declarations for Circle K Europe companies.

Accounts Payable team in Riga Business Centre works with indirect buy invoices, fuel invoices, tax invoices and their supporting processes. We help Circle K make sure we only pay what we must and on time!

Payroll department is responsible for correct salary calculations and salary payout to Circle K Europe employees. Payroll team is also responsible for Travel & Expense report settlement and payout.

Our team has a country-based structure, which means there is one team for each Country Business Unit and the Finance Controlling team. We provide financial accounting support to store employees, Business Units, and dealers, as well as ensure the correctness of Store P&L (Profit & Loss).

The Credit and Collection team owns credit activity in Circle K Europe and provides high-level credit management principles to ensure that credit activity in Circle K Europe is carried out in a consistent manner.

Our teams’ main goal is to ensure that customer orders and invoices are issued according to the customer agreement and received, and paid amounts are allocated correctly.

The Finance Systems team plays a part in several processes in Circle K Europe. We are responsible for Master Data set-ups and maintenance; we monitor specific data flows and work with systems errors. At the end of the month, we make sure that everything is posted, and we close the month.

Fuel Master Data Maintenance team’s area of responsibility is placed, where the fuel value chain and IT come together. This team ensures setups in the supporting systems, monitors the interface performance and enables gathering and accounting of the data generated by business activities.

Stock and Deal Control team knows every fuel movement and how much fuel Circle K owns in every location in Europe. The team ensures accounting of the fuel stock movements and performs reconciliation of physical stocks at terminals and gas stations.

Contract Management & AP team is responsible for the procure-to-pay process for the fuel. The team manages fuel supply agreements, controls the fuel price, ensures liability settlements, as well as performs trade accounting in the risk management system.

Reporting CKIFT (CK Ireland Fuel Trading) & Compliance team is responsible for the GL accounting, financial and management reporting for the single-sourcing legal entity. As well as compliance reporting providing statistical data about the fuel movements and fulfilment of the bio mandate to regulatory institutions.