Financial Outsourcing
Financial outsourcing is a financial strategy management mode in which an enterprise outsources certain matters or processes in the financial management process to an external professional agency for operation and execution.
Financial outsourcing is a fast-growing financial management model in western developed countries. The United States is the first country to provide financial outsourcing services. It is mainly to decompose the entire financial management activities into several modules according to the needs of the enterprise, such as general ledger accounting, current accounts management, salary management, fixed asset management, system reports, tax declaration and other modules. Parts with comparative advantages are outsourced to professional institutions that are at the leading level in the industry.
Financial Outsourcing
Businesses can outsource their finances to professional finance companies regardless of whether they have financial staff.
The difference from agency bookkeeping is that the financial company will assign professional financial personnel to complete various financial matters for the enterprise every month, including: bank payment, warehouse inventory, salary payment, bookkeeping, declaration, etc.
Business operators can get rid of the embarrassment of not understanding finance to manage finances, and hand them over to professional institutions with better quality assurance.
Payroll Outsourcing
Payroll outsourcing can be a good solution to employee payroll confidentiality issues.
All the information is in the service provider, and the internal employees of the enterprise cannot inquire.
Employee payroll outsourcing is the most popular form of financial outsourcing abroad. In the United States, one-fifth of companies outsource employee payroll and benefits.
Tax outsourcing
At present, the domestic tax system is very complex, and the compliance requirements are very high. Once violated, it will pay a high cost.
It is difficult for companies to find enough employees who are proficient in taxation internally, so choosing a third party to do corporate taxation outsourcing is an important way for companies to reduce tax risks.
Before conducting economic transactions, foreign companies give priority to taxation and need to consult tax advisors. They also often ask tax advisors to conduct health checks on the company's finances to reduce costs.
Tax Outsourcing Consulting
At present, enterprises need to be supervised by many competent departments or market supervision departments in the process of operation and management. The main form of supervision is to review financial reports, and companies also need to provide financial reports to various types of stakeholders.
Whether the financial report meets the requirements of various entities and whether it conforms to the requirements of accounting systems and standards is crucial to the development of an enterprise. Therefore, businesses can choose a professional services organization to prepare financial reports.
Outsourcing of travel and hospitality
For businesses, travel and hospitality expenses are no small issue and often account for a significant percentage of expenses. Moreover, the control of these two kinds of expenses is more complicated and cumbersome, and enterprises are often out of reach, which is a lot of violations of regulations and disciplines.
To manage well, a large number of professionals and very specific and detailed systems are required. For example, what level of staff travels, what standard room, what type and level of transportation, what level of hospitality and authorization, and so on.
These systems all require detailed regulations and regular supervision and inspection of the implementation, which brings great complexity and internal friction to enterprise management. Therefore, outsourcing travel expenses and entertainment expenses to professional service providers can provide timely feedback on expense expenditure information, help companies monitor the execution of expense budgets, and external regulatory authorities can also recognize the legality and compliance of expenses.
新铭财务外包，满足您对财务管理的所有需求
- Xinming comes to understand your company's financial needs and formulates a financial outsourcing plan that suits you
- Xinming is an industry director unit, which can quickly learn about industry trends and provide you with financial rationalization suggestions
- Xinming's professional and senior accountants and tax accountants help you improve the quality of corporate financial management and participate in corporate strategic decisions
- Xinming helps you reduce the capital expenditure and expense cost of the enterprise, and solve the problem of account confusion from the root cause
- Xinming helps you improve the compliance of financial work and provides periodic professional financial analysis reports
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1. Rich industry experience
20+ years of industry experience, read countless companies, we will provide you with more successful case studies
2. Intimate service
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3. Professional quality of personnel
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4. Security and privacy protection
Xinming respects every entrustment and signs a confidentiality agreement to make every customer feel at ease and at ease.
Four Steps to Entrepreneurship
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Register a company, start with a free name verification
Second Step
Financial management, starting from financial outsourcing
Third Step
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The Fourth Step
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