International accounting

Gaap Advisory

With experts in multiple financial reporting languages we assist you with the technical aspects of accounting while you focus on growing your business.Companies face several challenges in dealing with the increasing complexity of accounting guidance. The increased complexity, coupled with stricter regulatory scrutiny and enforcement, has led to heightened sensitivity on the accounting practices of companies. Over the years, accounting standards have undergone substantial changes.

Bookkeeping

OutsourcingWise provides a full range of accounting and bookkeeping services geared towards assisting small to mid-sized companies. Our main objectives is to help business owners reduce time spent on non-essential tasks and enable you to focus on your core business functions and increase profitability. Our advanced technical expertise differentiates OutsourcingWise from other companies offering similar bookkeeping and accounting services.

Management Accounts

We assist in Preparation of monthly/quarterly management accounts to aid management in monitoring business performance.Nothing can be worse for a company than to not have any cohesive record of every penny that enters or leaves the business treasury. However, any functional business has to go through a ton of financial data on a daily basis. Having no proper organizational pattern to these data may result in huge proportion of such data getting lost forever.

Vat compliance

With our team of tax experts you will experience least amount of hassle when it comes to tax payments, filing of your VAT Returns and updates on the deadlines for submitting the return to the government. People are generally under the impression that Value Added Services, more commonly known as VAT, is something that most startup companies are afraid of. If one’s business accounts are in a disarray, there is a very good chance that one’s VAT payments will end up draining one’s company’s finances.

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us-gaap-updates

US GAAP UPDATES

26.03.2016 / by admin / 0 comments

FASB Issues Accounting Standards Update 2016-08—Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) In March 2016 the FASB issued Accounting Standard Update 2016-08 to address issues related to guidance on principal versus…

GAAP Advisory

OutsourcingWise’s advisory group can play an important role in supplementing your company’s finance function and provide advice to queries to generally accepted accounting principles in US (US/GAAP)and International Financial Reporting Standards (IFRS). Our seamless network of resources means that we have people across the globe to offer our expertise where you need it.

Our principal service offerings include:

  • Accounting and Financial reporting advice under multiple reporting frameworks such as IFRS (including local variants in Singapore, EU, India and Canada), US GAAP, Indian GAAP
  • GAAP conversion and reconciliations
  • GAAP Training
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Statutory and Management Accounts

OutsourcingWise can assist you and your clients with the following:

  • Prepare your statutory financial statements in IFRS or GAAP
  • Work in partnership with you and your auditor to finalize the content
  • Influencing your budgeting and business prediction cycle in a positive manner to get the best results for your company in the long run
  • Preparation of monthly/quarterly management accounts to aid management in monitoring business performance.
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Personal and Corporate Taxes

Here are some ways in which we can help you manage your tax returns effectively:

  • Filing taxes ahead of time and ensuring that it meets deadlines every time.
  • Submission of these taxes to the respective authority or agencies.
  • Management of tax payments to which your clients are liable to.
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Bookkeeping

Our Accounting and Bookkeeping services include:

  • Bookkeeping
  • CFO Services
  • Accounting Systems and Integration
  • Payroll
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Specialist Services

Our MIS solutions for the consumer healthcare and lifesciences business can assist in designing, transforming, and running their MIS processes through better representation of the information in the form of Management reports & dashboards and providing insights into the business trends.

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