Accounting & tax services in China.

Through an in-house team of professionals, we manage book-keeping and tax compliance functions in an efficient way, ensuring compliance as well as full transparency towards the managers supervising these functions internationally.

Our accounting & tax services.

Accounting services
Let us take away the hassles of maintaining your accounts in-house. Our accounting experts will keep your books, financial reports and compliance needs up to date and healthy to give you peace of mind.
Tax compliance
We are well versed in dealing with the tax authorities throughout China and will fulfil your tax filing obligations on time, accurately report your assessable income and help minimise your tax liabilities.
Tax advisory & planning
If you are looking to optimise your taxes in China or are planning to expand your business to other Asian countries, you will need a solid tax planning strategy. We are here to help.
Banking & treasury
Overcome language barriers, fast-changing regulations, and other challenges when banking from overseas. With our banking & treasury services, we will manage your banking, loan applications, and process payments timely and securely.
Virtual CFO
Our experienced financial consultants have the expertise, local knowledge, and objectivity to guide your company through financial management at a fraction of the cost of an internal hire.

How we can help.

Optimised tax structure
We can help to reduce your tax liabilities in China by optimising your current tax structure. It includes performing tax health checks for clients, identifying and mitigating tax inefficiencies and leaks, eliminating the risk of double taxation and more.
Hassle-free tax compliance
We make sure to prepare, calculate and file your returns accurately and on-time, helping you always stay compliant and avoid penalties or late fees.
Simplified regional tax
If you are doing business in other Asian countries, we can help simplify your operations by taking over your tax compliance across the region and consolidating it into one package.
Strategic advisory & planning
Besides meeting your statutory tax obligations, we can offer strategic tax advice on optimising your tax expenses, implementing tax incentive systems and more.

Essential accounting services

Bookkeeping & statutory compliance.

Accounting setup

● Design chart of accounts and establish procedures for accounts processing.

● Establish financial reporting package.

● Establish accounts and ledgers in financial software, such as general ledger and sub ledger.

● Train client's local coordinating officer on daily cash functions (e.g. collection and consolidation of receipts in agreed format,daily recording of expenses,and other cash related items).

Bookkeeping & transaction processing

● Bookkeeping completed on-site or off-site

● We will set up your books and create all of the ledgers required for your business in accordance with China GAAP and China tax regulations

●We then assist in maintaining monthly bookkeeping for your company using provided payment vouchers, approved claim forms, bank statements, bank-in slips,bank credit advice, bank debit advice and other accounting sources coming from your management

Financial reporting/Management accounts

● We prepare and submit the monthly accounts (Trial Balance, Income Statement,Balance Sheet and Bank Reconciliation) to your local office,and the head office where required,for approval

●We also prepare bank signatories,if needed

Year-end financial statement*

● All companies are legally required to prepare their year-end financial statements. We will prepare the annual financial report based on the monthly/quarterly accounts that we have prepared,or we can use your financial records to produce the annual accounts for you. We coordinate with the auditor to ensure smooth submission if we are doing your monthly bookkeeping,and we offer an auditing service if we are not.

Tax declaration

All companies need to do monthly or quarterly tax declarations, depending on their tax status.Our team of financial experts assists you in printing and processing all fapiao and declaring relevant taxes.This includes:

● Declaring monthly or quarterly VAT according to local PRC GAAP regulations

● Declare business income of your organisation on a quarterly basis

● Issue fapiao and purchase additional fapiao at the tax bureau if needed

● Produce a compliant annual tax report

Additional accounting services.

Vendor payment support
You can outsource your finance department to us to manage your funds. This service includes receiving and reviewing incoming invoices from vendors, obtaining payment approval from client's management and payment processing based on an agreed payment schedule.
Commercial (trade) services
We assist international, cross-border businesses with invoicing and back-office administration functions to relieve needing to keep personnel in China.
Financial planning and analysis
We can aid your business in budgeting, forecasting, internal controls, oversight and much more.
Managing your fapiao
The Chinese system is based on fapiao. Fapiao are official tax receipts of transactions that are recorded in government systems and ensure all VAT is visible. We can support you with printing the right fapiao and checking provided fapiao for compliant local bookkeeping.
Health check
If you are moving your accounting services to Encore, or if you need some reassurances, we can perform a check of all the record keeping and submissions of your current accounting system at any time.
Document storage
Our standard service includes storage of the current year's original vouchers, and can be extended to keep previous years.
Custody of licenses and chops
For safeguarding reasons, your local team can keep your chops and licenses stored in our office, and allow use based on approval matrixes.
Management reporting
We can prepare your organisation's management accounts and/or group consolidated accounts using cloud-based accounting software, which covers the following:
● Design and implementation of an accounting system and reporting structure for newly incorporated companies
● Prepare periodic management reports and group reporting packages
● Preparation of consolidated financial statements for statutory or management
reporting purpose
● Prepare financial statements for statutory or management reporting purposes
● Customise formats for HO needs (e.g. IFRS standard)
● Create detailed management reports outside of the statutory reporting suite such as AR & AP details, P&L projection,cash-flow projection etc.