Accounting Process Outsourcing

We can help manage the whole or certain parts of your accounting processes without disrupting the operations of your business.  We can use your business applications or utilize our existing business applications to process the accounting transactions of your company.  As a back office solutions provider, we treat your data in strict confidentiality.

Time Needed for Paperworks

There are situations where you may get overwhelmed of the volume of paperwork in the office or you may not have the sufficient manpower to process your financial transactions in time.  Even if you have the spare time to do the paperwork, there can be still more important things to do.......to plan and direct your business.  At ASCPA, we can help you move your business without compromising your paperwork.  You lead your business while we work under the radar.

We have backoffice solutions designed for your business, whether it is just a start-up or already established.  Let us process your accounting transactions and transmit your financial reports on time.

Here is the list of Accounting Outsourcing offerings:

Accounting and Bookkeeping

  1. Record the financial transactions and periodic adjustments.
  2. Review the supporting documents of each financial transaction.
  3. Sales invoicing and issuance of official receipts.
  4. Process the check payments and disbursement vouchers.
  5. File and pay the tax returns for VAT, withheld taxes from suppliers and compensation and percentage taxes.
  6. Prepare the financial statements, schedules and other supplements in the report package.

Budgeting and Forecasting

We can help you build the budget and forecast models based on the historical financial transactions and list of assumptions from our clients.  The "What If" scenarios in budgeting is a powerful tool for decision makers to simulate the projection for each option and decide which one provides the most feasible budget or forecast before submitting the figures to Management or to the Head Office.

We can help you create flexible budget and forecast scenarios without going back to the drawing boards.  We can provide insights behind these numbers and do the following activities to generate the budget/forecast report package:

  1. Assist Finance in gathering the budget figures from Sales and Operations.
  2. Consolidate the figures based on the budget models and assumptions of the client.
  3. Assist the client in preparing the bank instructions for payroll.
  4. Revise and prepare the final version of the budget reports signed off by the Management.
  5. Input or upload the approved budget in the ERP/accounting system or the web server of the client.

Payroll
  1. Assist the client in setting up/maintaining the bank account(s) to be used exclusively for payroll.
  2. Compute the salaries and wages of the employees.
  3. Prepare the payslip of the employees.
  4. File and pay the the contributions to SSS, Pag-Ibig, PhilHealth and other agencies.
  5. Assist in the annualization of employee's compensation and income tax.
Account Reconciliation
  1. Bank Reconciliation.
  2. Reconciliation of subsidiary ledgers vs. general ledger control account for receivables, inventory, payables and other ledger accounts)
  3. Reconstruction of fixed asset balances.
  4. Inventory reconstruction.
Pre-Audit Preparations

There are instances when the Accounting team do not have enough manpower to prepare for the submission of audit requirements for examination by the BIR or external auditors.  We can help you:

  1. Prepare the client documents and schedules required by the Auditor/Examiner.
  2. Check the completeness of the documents supporting the financial transactions of the client.
  3. Liaise with the client in connection with the additional needs of the Auditor/Examiner.

On-Site Count and Inspection
  1. Inventory and supplies.
  2. Consignments.
  3. Stock certificates.
  4. Jewelries
  5. Fixed assets