Accounting and reporting services in China
Our in-country team of experts helps you stay compliant with a diverse range of accounting and tax regulatory frameworks and best practices fitting the specific market in China. Having continuous access to our highly qualified and dedicated advise helps you keep control over your operations in China or on cross-border level. We are able to assist you in setting up local and international reporting and improve the financial management function of your company. Gain better overview of all operations and more accurate reporting, in order to take well-informed business decisions.
Our local teams in China are ready to act as an integral part of your internal finance department providing a seamless service, all range support and required expertise, experience, functionality and benefits of an inhouse team.
Our bookkeeping, accounting, reporting and tax advisory services in China can comprise:
- Bookkeeping of all primary documents, maintenance of the statutory accounting general and subsidiary ledgers in compliance with local statutory requirements
- AP/AR services: Accounts Payable and Accounts Receivable administration
- Cash management services
- Bank payment administration and facilitation (bank account signatory)
- Inventory and administration of fixed asset, leases and loans
- Stock accounts administration and related tax consultancy services
- Statutory regular closing of accounts, reports on profit and loss, balance sheet, cash flow
- Preparation of all required statutory reporting and submission to local authorities
- Tailored management reports for your local and international needs
- Consolidated reporting, reconciliation between statutory and management reports
- GAAP adjustment and reports preparation
- Consultancy regarding US GAAP standards
- VAT services: compliance, returns filing and consultancy, registration, representation
- Local tax and real estate tax services or any other tax consultancy
- Yearly closing: Preparation and filing of the annual financial statements (AFS)
- Yearly tax services: Preparation and filing of the corporate income tax return (CIT)
- Provision of trainings for finance department tailored to the team’s or individual’s needs
- Providing of documentation and assistance during internal and external audits
- Support and representation during inspections and tax controls on demand
- Communication with the Chinese Tax Office, statutory and regulatory authorities
Moreover, our world-class cloud accounting technology helps you to streamline, simplify and automate your bookkeeping and reporting processes, in order to gain efficiencies, improve accuracy of your reporting and elevate the user – internal finance team or all employees in your organization – experience.
Utilizing our online portal, and adapting it fully to fit your needs, you can increase transparency of your document management and workflows, go fully digital and reduce paperwork and related errors – to tackle all tasks in a user-friendly and secure cloud environment.
The portal can become a single interface to your accounting: as it can be directly integrated with your ERP system. This enables immediate access to the updates and reports about the financial status of your company – whenever and wherever you need it.
Our Accounting cloud portal will help you to:
- Manage all your accounting operations digitally
- Simplify, streamline and digitalize your accounting processes and workflows
- Administrate your Accounts Payables more effectively and fully paperless
- Connect the portal directly to your accounting and ERP software
- Keep up to date about the financial status of your organization in real-time
Additional accounting consultancy
We are ready to assist you with dedicated financial, accounting and tax consultancy, designing tailored solutions that address more specific and complex areas, such as:
- Review and optimization of your accounting and financial processes
- Set up and optimization of your accounting control systems and procedures
- Fast clean-up services and general ledger accounts reconciliation
- Due diligence for your transactions: Accounting, financial, tax, legal
- Consultancy related to international IFRS and US GAAP reporting
- Implementation, localization and optimization of accounting and ERP solutions
Our services allow you continual access to our highly qualified and experienced local team – meaning that all your operations meet the statutory and your specific requirements and you can shift your focus towards more strategic tasks of the financial management of your business operations in China.