Financial Translation - Translation of Bank, Audit and IFRS Documents

Financial translation is a specialized area of translation in which the accurate rendering of figures, terms, tables, accounts and financial content is especially important. Such documents are often used at banks, embassies, audit firms and tax authorities, and in communication with investors, business partners or international organizations.

Translating a financial text is not just a matter of transferring words. It requires a correct understanding of accounting, banking, tax, audit and business terminology. An incorrectly rendered number, currency, period, financial indicator or term can lead to misunderstanding, a wrong assessment or the document being returned.

What types of financial documents do we translate?

Financial translation covers both personal bank documents and company financial statements, audit reports, tax documents, business plans, investment materials and financial contracts. Depending on the type of document, the terminology, the format, the complexity of the tables and the translation time differ.

Translation of bank statements and bank documents

Translation of bank documents is often needed for a visa, an embassy, a residence permit, a university, employment abroad, submission to a bank or communication with a business partner. Such documents often contain the account number, the balance, the period, transactions, income, the currency, the name of the bank and other important information.

When translating a bank statement, special attention is paid to figures, dates, amounts, the currency and the account details. If you need this service specifically, you can also see the separate page: bank statement translation. The employment certificate and the RS.ge certificate that are needed together with the statement for a visa are described on the page translation of salary certificates and employment documents.

Translation of financial statements

A company often needs its financial statements translated when communicating with a foreign investor, a bank, an audit firm, an international partner or a state body. Financial statements may include the balance sheet, the income statement, the statement of cash flows, the changes in equity, explanatory notes and management commentary.

When translating such documents, not only the text matters, but also the correct rendering of tables and indicators. In a financial report even a single wrong number can become a serious problem, so tables and data are checked with particular care. For companies, including on IFRS terminology, the audit report and NDAs: translation of financial statements and audit reports.

Translation of audit reports

Translation of an audit report is often needed for international partners, banks, investors, a tender, a grant application or to confirm a company's financial position. An audit text often contains standard wording, descriptions of risks, the opinion of the independent auditor, an assessment of the financial statements and explanations of accounting policies.

Translating audit documents requires precise terms and a professional style. The text must keep its financial and legal meaning, because such a document is often used for making business decisions.

IFRS and GAAP terminology in financial translation

IFRS and GAAP terminology is often used in international financial communication. When translating financial statements, terms such as assets, liabilities, equity, revenue, expenses, depreciation, impairment, provisions, cash flows, retained earnings and other important financial concepts have to be rendered correctly.

Depending on the purpose of the text, sometimes the terms need to stay as close as possible to the English format, and sometimes clear and official wording in Georgian should be used. TARGMANEBI chooses the right terminological style according to the purpose of the document.

100% accuracy in figures and tables

In a financial document a stylistic flaw in the text is unpleasant, but an error in a figure is direct damage. Two digits swapped in a balance sheet, a missing "in thousands of GEL" in a table heading or a loss that has dropped out of its brackets paints a completely different company for a bank or an investor. That is why we do not leave the figures to the translator's attention alone.

Every financial translation goes through a multi-step check:

• Automatic QA check - a special program compares the original and the translation segment by segment and shows every mismatch: a figure, a date, a percentage, a currency code (GEL, USD, EUR), an IBAN and an identification number. The program does not get tired and finds even a single missing digit in a statement hundreds of lines long;
• Format conversion - thousands and decimal separators are written according to the rules of the receiving country: 1,250.50 in English and 1.250,50 in German. The QA program checks this conversion too, so that an amount does not "grow" a thousand times;
• Editor's check - a second specialist checks by hand the totals, the reconciliation of the notes with the primary statements, the comparative period columns, the units (thousand GEL, million GEL) and negative amounts;
• Errors in the original - if a total does not add up in the original itself, we do not correct it in the translation, because the translation reflects the document. We let you know about the discrepancy during translation, so that your accountant or bank can correct the document.

Formatting of Excel files, charts and financial models

For a finance director, a translation that has to be rebuilt is lost time. That is why we work directly in your file, not in a copy of it, in a PDF or in a table transferred into Word.

• Excel and financial models - only text cells, sheet names, comments and drop-down lists are translated. Formulas, named ranges, links between sheets, data validation and macros remain untouched. Before delivery we check that the model gives the same result on the same input data;
• Charts and diagrams - axis titles, legends and data labels are translated, and the chart keeps its link to the source table. Georgian text is longer than English, so we arrange the labels so that nothing overlaps;
• PowerPoint presentations - a Pitch Deck, an investor presentation and a management report come back with the same slides, colours, fonts and layout; embedded Excel charts are translated too;
• PDF and scanned statements - we rebuild the tables in an editable format, with the columns and page order of the original, so that the recipient can compare the translation with the original line by line.

As a result you receive a file that you can send immediately to an investor, the parent company or the auditor, without additional design and formatting.

Financial translation with notarization

In some cases a financial document needs notarization. This is especially common when the document has to be submitted to an embassy, a court, a bank, a state body, a foreign organization or in an administrative process. The notary certifies the authenticity of the translator's signature, while the bureau answers for the accuracy of the translation.

If you do not know whether your document needs certification, send us the text of the requirement or tell us where it has to be submitted. If needed, you can also see the notarization page.

Strict confidentiality and NDA

Annual financial statements before publication, an investment memorandum, due diligence materials, turnover statements and a financial model are commercial secrets. A leak can wreck a deal or give a competitor an advantage. That is why protecting commercial secrets is as much a priority for us as the accuracy of the figures.

• An NDA for any volume - we sign the confidentiality agreement before receiving the files, from a one-page statement to a multi-volume package, on your company's template or ours;
• Restricted access - the documents are seen only by the translators and editors who work on your project;
• A secure channel - we receive files in the way your company uses, including through a data room;
• Public translators are ruled out - we do not upload the text to public online translators or chatbots;
• Deletion of files - working files are kept only for the revision period and are then deleted; on request we will delete them earlier.

How we work on corporate packages is described in detail on the page translation of financial statements and audit reports, and the general rules - on the confidentiality page.

Which languages do we provide financial translation in?

We translate financial documents from Georgian into foreign languages and from foreign languages into Georgian. The most requested are financial translations into English, Russian, Turkish, German, French, Italian, Spanish, Polish, Czech, Ukrainian, Arabic and Chinese.

How do you order the translation of a financial document?

You can order a financial translation online or at the office. You can send the document on WhatsApp, by email or through the order form on the website. For a corporate package we first sign the NDA and only then receive the files.

How long does a financial translation take?

A bank statement, an income certificate, a tax return, an audit report or annual financial statements are ready the same or next day, including notarization if needed.

For a multi-volume package, for example due diligence materials or several years of financial statements, we plan the work in stages: you receive the first part the same or next day, and the rest in the agreed order, so that your team or investor can start the review without waiting.

Why TARGMANEBI?

In financial translation, what matters most is the accuracy of the figures, consistent terminology, preservation of the format and confidentiality. TARGMANEBI works with financial, legal, technical, medical and business documents, so we can help you prepare both a simple bank document and complex financial statements professionally.

• translation of bank, tax and audit documents;
• translation of financial statements, the balance sheet and Cash Flow;
• IFRS/GAAP terminology taken into account;
• automatic QA check of the figures and an editor's review;
• translation of Excel, financial models and PowerPoint with formulas and layout preserved;
• notarization if needed;
• an NDA on a project of any volume;
• delivery the same or next day;
• online ordering via WhatsApp or email;
• Tbilisi, Batumi, Kutaisi and online service from all over Georgia.

In financial and registry documents, the accurate transfer of bank details and numerical data is important. The specifics of documents from the relevant countries are described on the Finnish translator and Luxembourgish translator pages.

Frequently asked questions