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ACCOUNTING

Regardless of the size of your firm, you can benefit from Business Asia’s finance and accounting services. Our accounting team understands the laws and regulations needed to assist any company in payroll, bookkeeping, auditing, and tax requirements.

BA Consulting’s team of financial experts provide below services:

  • Hassle- and error-free payroll processing
  • Reliable bookkeeping and accounting services
  • External and internal auditing for your company
  • Tax reporting & compliance consultancy

PAYROLL

Payroll is a critical responsibility for the human resource department as it involves all the financial matters that deal with the company’s employees, including salary, benefits and deductions. Business Asia Consulting’s payroll services provide companies, from large corporations with hundreds of employees to start-ups with a small team, with a reliable payroll computation, ensuring that companies never overpay – or underpay – their employees, alongside the necessary employee benefits.

Payroll Services include the computation and preparation of:

  • Basic salaries, overtime pay, night differential, rest day and holiday pay
  • Employee leaves as well as track available leave balances
  • WTAX, Annual Tax, Final Tax, Fringe Benefit Tax and other taxes applicable to the employees
  • SSS, PHIC, HDMF and Union contributions
  • 13th month pay and other bonuses and benefits
  • Monthly, Quarterly, Annual government forms
  • Other forms such as:
    • BIR Form 1601-C
    • BIR Form 2316
    • BIR Form 1604-CF with Alphalist and data file

BOOKKEEPING

Every business is required to submit monthly, quarterly, and annual reports to Bureau of Internal Revenue (BIR), regardless of its structure. Business Asia Consulting’s bookkeeping services provide record keeping of your day-to-day business transactions, in which remove the burden of such tedious and repetitive paperwork from your hands. Our attorneys and CPAs ensure smooth operations and monitoring of all your books, allowing you to focus on the other important aspects of your business.

Financial Reporting Services include but are not limited to the following:

  • Trial Balance
  • Comparative Balance Sheets (Yearly)
  • Comparative Income Statements (Monthly and Yearly)
  • Copy of filed government reports (1601 E, 1604E, 1702Q, 1702, 2550M, 2550Q for Vat registered, 2551M, 2551Q for Non-Vat registered clients)
  • Etcetera

AUDITING

Financial auditing is a mandatory annual requirement to be submitted to the Philippine Bureau of Internal Revenue (BIR). Business Asia’s team of tax experts can provide analysis of your business accounting system for internal and external reporting. By auditing and reviewing your finances, you can determine the value of your business and have a clear picture of the past, present, and future state of your company. Regular auditing is also highly recommended to comply with proper accounting policies in accordance with latest government updates.

AUDITING SERVICES INCLUDE THE FOLLOWING:

  • Financial statements audit

HR

Business Asia Consulting is equipped with a diverse team of experts all working together to provide top-notch HR Consultancy Services needed by both new and existing businesses. Our goal is to ensure that your company's HR infrastructure is structured towards constant growth and efficiency.

ORGANIZATIONAL DEVELOPMENT

  • Company Mission and Vision Statement
  • Corporate Values
  • Strategic Leadership Development
  • Succession Planning
  • Organizational Charts

RECORDS MANAGEMENT

  • Job Offer Letters
  • Probationary employment contracts
  • Regularization employment contracts
  • Company manual and policies
  • Memorandums
  • Quit claims

EMPLOYEE BENEFITS

  • Starting salary
  • Benefits administration
  • Annual salary increase
  • Salary alignment
  • Bonus planning, design, and review

TALENT ACQUISITION

  • Starting salary
  • Benefits administration
  • Annual salary increase
  • Salary alignment
  • Bonus planning, design, and review

EXECUTIVE COACHING

  • Young executive fast-tracking
  • General performance management
  • Sales performance assessment
  • Management preparation
  • Enhancement of strategic thinking
  • Conflict management

TRANSLATION

At Business Asia, with our multilingual staff and experts, we aim to bridge any communication gaps that you may be experiencing with regards to your business.

Documentation Translation

DOCUMENTATION TRANSLATION

Legal Documents
  • Contracts & Agreements, Licenses & Permits, Wills & Trusts, Certificates, Legal Letters, Notices & Notes
Financial Documents
  • Tax Forms & Returns, Bank Statements, Insurance Applications
Technical Documents
  • User Manuals & Guides, Troubleshooting guides, Technical reports, Instructional documents, Technical specifications
Business Documents
  • Business Letters & Proposals, Press Releases, Commercial Invoices, Purchase Orders, Business Presentations
Interpreter Service

INTERPRETER SERVICE

  • Chinese ↔ English
  • Korean ↔ English
  • Japanese ↔ English
  • Tagalog ↔ English