Business Process Solutions
We offer a broad range of outsourcing services, customized to address the needs of both large and mid-sized entities.
1. Accounting Services
- Assistance in the initial setting of and assigning the full set of accounting books and records (chart of accounts, accounting policy, software etc).
- Monthly accounting and bookkeeping services.
- Compilation of Management accounts.
- Preparation of annual financial statements.
- Annual audit assistance (not as auditor, but a role of providing audit required documents and support).
- Compliance with routine Income Tax and Sales Tax matters.
- Accounting reconciliation service (Eg: mapping between global and local financial systems, intercompany Account Payable / Account Receivable reconciliation).
- Cash Management Services ( Eg: Account Receivable collection control, Account Payable management)
- Preparing financial statements related to liquidation.
2. Payroll Services
- Initial setting up of the payroll system.
- Payroll calculation and net salary payment arrangement including bonus, incentives, etc.
- Preparing journal entries monthly for recording payroll costs.
- Preparation and filing of employees’ individual Income Tax returns and assistance in settling any tax related tax liability.
- Annual audit assistance (not as auditor, but a role of providing audit required documents and support). Assistance in the employer registration of social benefits [Employees’ Provident Fund (EPF) and Employees’ Trust Fund (ETF)].
- Assistance with external audits and inspection by social benefit authorities.
- Assisting employees to claim social benefits (EPF & ETF) from the respective Departments and payment of gratuity on retirement.
3. Inventory Management
- Verification of existing inventory
- Stock taking
- Reconciliation of physical inventory balance with the system
- Inventory Processing
4. Fixed Assets Management
- Preparation of Fixed Assets (PPE) Register manually or using software
- Updating existing Fixed Assets Register
- Carrying out physical verification and coding of fixed assets
- Carrying out valuation of Fixed Assets