Companies often find that they have limited human resources to allocate to the finance and accounting department when they have newly established a business and/or during rapid business expansion. KPMG supports companies in such circumstances with daily payment processes, keeping custody of bank accounts, book-keeping and preparation of reports to the HQ.

KPMG’s outsourcing services considers tax issues (withholding tax, corporate tax returns, consumption tax returns, etc) when performing payment and book-keeping services which makes us a “one-stop” service provider for clients.

Further, KPMG’s bilingual professionals with extensive experience provide on-site support for payments and book-keeping.

Book-keeping and account payable management services in Japan

• Book-keeping (entering journals and reconciliation with the supporting evidence etc.)
• Monthly reporting (preparing trial balance, general ledgers, B/S and P/L)
• Annual reporting (under US GAAP, IFRS, Japan GAAP etc.)
• Calculation of depreciation charges, preparing fixed assets register.
• Calculation of data and proposed entries for deferred taxation purposes.
• Preparation of group reporting package to the corporate HQ.
• Preparation of and assistance with various statutory reports, such as monthly monitoring report which should be submitted to the FSA for certain companies.
• Payment processing to client's vendors, cross-border money transfer and monitoring and keeping custody of client's bank accounts.

Business process improvement and other services in Japan

• Reviewing daily book-keeping and reporting of the clients to improve the quality of the accounting process.
• Preparing accounts analysis for the purpose of supplying information to financial auditors.
• Assistance in implementing management accounting system such as budget and forecasting processes.
• Assistance in implementing/enhancing internal control procedures and organization.
• Preparation of or updating accounting manuals.
• Assistance in selecting and implementation of financial and business process management software. (PLAZA Accounting, QuickBooks etc)
• On-site services (visit client office for data entry in various accounting systems (SAP, ORACLE), year-end support, internal audit support).

Training

• Provide training for beginners in accounting
• In-house seminars on international accounting standards, etc.