Accounting and Bookkeeping
in China
You focus on your business
We take care of your books and compliance
Our Services
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.
- Set up of initial accounting system and methodology for Foreign Invested Enterprises
- Issuing of sales invoices, purchase orders, debit and credit notes
- Consideration of appropriate double taxation treaties
- Financial Statements and Reports Monthly, Quarterly and Annual Report
- Monthly preparation of company books in line with Chinese accounting standards
What is
Bookkeeping
Bookkeeping is the process of recording your company’s financial transactions into organized accounts on a daily basis.
What is
Accounting
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
- Peace of mind to focus on core business’s profit
- Reduction of overhead costs
- Avoid time wastage and costs of hiring, as well as risk of incompetent staff
- Focus on your clients
- Focus on your services and products
- Increase in accountability of financial status and assurance of professional advice
- Focus on your company's growth
more details
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.
our strenght
What you'll get from our Accounting and Bookkeeping services in Singapore
Up-to-date Books
Check the company's revenue and expenses at any given time and go through your daily operations and business plan with confidence, forecasting revenues and defining budgets.
Dedicated Accountant
Talk with your personal accountant, who knows your business.
Advance requests, ask for advice and ensure compliance.
Precise Reports
With your books filed correctly and up-to-date, access to precise reports that show the financial status of your company. We track filing deadlines, suggest tax exemptions, and prepare the reports.
Support
Expertise
Compliance
One-stop Solution
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.