Our outsourcing far exceeded the meaning of traditional book keeping. The traditional book keeping is simply recording numbers and preparing financial statements. What differentiates us from other service providers is that in addition to accounting, we provide control and supervision on finance and operations. For example, when recording a payable, we will check whether the purchase is authorized, whether the unit price agrees to the purchase order, whether the quantities agree with the actual receipts, and whether the invoice is a legitimate one, etc. The same control procedures apply to revenue recognition, invoicing and accounts receivables, expense reimbursements etc. This will effectively help clients control risks.

Many clients are new to China, they are not familiar with the Chinese laws and regulations. Our professionals will help them identify potential compliance risks in finance, accounting, tax, foreign exchange and give valuable suggestions.

In addition, our professionals have extensive knowledge in IFRS, or US GAAP.  They will set up Chart of Accounts according to head quarter’s requirement, and convert the Chinese financial statements to various management reports in preset layouts in English language. Their fluent communication will help client’s CFO and senior executives better understand and control their business in China.

So far, Neuventure provides the following outsourcing services: