Accounting & Payroll Support
Outsourcing of non-core business activities is fast becoming a norm as businesses now recognise the importance of focusing on core competencies, while tapping on our professional expertise..
Two of the more common areas for outsourcing are:
Accounting & Finance Outsourcing Services
- Setup of proper accounting systems, accounting policies and procedures in line with local accounting and regulatory requirements
- Perform accounting-related administrative services (e.g. sales & receipt cycle, payment cycle)
- Provide routine and ad-hoc routine financial reports such as departmental reports, variance reports, KPI highlights
- Prepare cash flow projections
- Value Added Tax compliance
- Corporate & Personal Tax compliance
- Special accounting assignments, including clearing of backlog accounts, expedite preparation of financial statements, IPOs, etc.
Payroll & HR Administration Outsourcing Services
Payroll administration
- Maintain payroll file for each employee
- Compute & disburse salary and reimbursements
- Provide printed or electronic pay advice (via internet)
- Process increments and bonuses
- Provide payroll reports for management’s review monthly & annually
HR Administration
- Leave administration
- Training administration
- Assistance in promotion / performance evaluation exercise
- Occupation Permit / Work Permit application
- Staff insurance administration
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