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Professional Outsourcing Service
In-house vs. Outsourced Accounting
The daily accounting work within a corporation may cost management a lot of supervision time. However, if part of or even all the accounting functions are outsourced to a professional service firm, management will be able to save more energy to concentrate on the core business. Here are some comparisons between in-house accounting and professional outsourcing.
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In-house |
Outsourcing |
Management time |
Extensive monitoring time, |
Monitoring cost is minimized |
Quality |
May be inaccurate and incomplete, which impacts business decision |
World-class reporting quality, which provides decision support to management |
Software |
Have to purchase software at company cost |
Get access to existing accounting software |
Growth |
Hard to catch up with the pace of fast expansion |
Standard policies and procedures to support the rapid growth of business |
Economic scale |
Cost incurs for EACH additional entity |
Economic scale could be achieved to save cost |
Risk |
Relatively high fraud and non-compliance risk |
Low fraud risk, compliance with statutory requirements is achieved |
Culture |
Accountants are subordinates who only provide “labor” |
Gain access to “services” from external vendor |
Our Services of Professional Outsourcing
We set up team of professionals with solid financial backgrounds and versatile corporate experiences to meet your specific requirements. We are not only accountants but also your business partners providing valuable advices and practical solutions. Our outsourcing services will cover the following:
- Bookkeeping of daily accounts
- Preparation of internal management reporting package in accordance with IFRS/US GAAP/HKFRS, etc.
- Tax compliance advisory
- Processing of billing and payment
- Business analysis on financials and budgets
- Handling of employee payroll and social welfares
- Company formation and deregistration
Our Experiences of Professional Outsourcing Service
We have provided a wide range of outsourcing services to clients such as representative office, small/medium size FIE, and even Fortune 500 and Global 1000 companies. Clients using our outsourcing service are usually in the industries of import/export trading, consulting service, international and domestic delivery, law firm, manufacturing plant ,etc.
By significantly reducing service costs we offer our clients an excellent alternative to Big Four accounting firms at the same service quality and standard. We are committed to providing proactive, effective and responsive professional services so that our clients can enjoy valuable returns from their investment in our outsourcing service.
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Clients Correspondence
Address: Room 1401, NO6,Lane333, HangZhong Road, Shanghai,P.R.China
Post Code: 200070
Tel : 86 21 5169 3801
86 21 6380 3209
Fax: 86 21 6380 5611
Address: Xi Liu Road, University Town, Guangzhou,P.R.China
Post Code: 510006
Tel : 86 20 3934 8052
86 20 3934 8044
Fax: 86 20 3934 8044
Address: No.jia 8, Xiangheyuanzhongli Chaoyang district, Beijing,P.R.China
Post Code: 100028
Tel : 86 10 8446 6445
Fax: 86 10 8446 6445
Page: www.perfectcpa.com.cn
E-mail: zhizhen@perfectcpa.com.cn |
