Accounting and Bookkeeping
You focus on your business
We take care of your books and compliance
outsource accounting and bookkeeping in China
When you start a business, accounting and bookkeeping matters are the last things on your mind. We offer bookkeeping for start-ups and operating companies to free them from the routine and help the business focus on growth, clients, services and products.
Bookkeeping is the process of recording your company’s financial transactions into organized accounts on a daily basis.
Accounting is the process of summarizing, analyzing, and reporting a company financial transaction to oversight agencies, regulators, and tax collection entities.
PROs of outsourcing accounting and bookkeeping in Singapore
Chinese Accounting Standards
The Chinese accounting system follows the Chinese Generally Accepted Accounting Principles (GAAP) framework, also known as Chinese Accounting Standards (CAS). These standards have evolved over time and are now quite in line with the globally recognized International Financial Reporting Standards (IFRS) and also US GAAP. There are however enough differences to present challenges.
To give one important example, CAS uses different valuation methods for fixed assets. IFRS allows valuation either by historical cost or by revaluation of assets, whereas CAS insists on the historical cost principle. There are also regular discrepancies which occur between Chinese and International Standards not due to disagreement in treatment, but slow update processes. Changes released into one system often take some time to be adopted in the other.
What you'll get from our Accounting and Bookkeeping services in Singapore
Why Choose Us
Get everything you need to start your business with us. Direct and clear communication with one service provider. Engage our experts and get the best advises to help your company enter and operate in your target market in a smooth and compliant way. Our professionals are constantly up to date with local regulatory changes to provide the support that our clients need.