Bookkeeping & Outsourcing

bookkeeping services

Korean Corporate Tax Laws require that every Korean company record their accounting using the double entry method and enter them into a computerized accounting system. Double entry bookkeeping refers to recording every single transaction into “debit” and “credit” entries. Financial statements such as balance sheet and income statement are a summary of these entries. Korean companies must submit financial statements to the tax office at the year-end.

Our Bookkeeping Service include:

• Input all financial transactions including accruals using Douzone system;
• Maintain clean and accurate accounting records in compliance with Korean Tax Laws;
• Preparation and filing quarterly VAT return to the tax office;
• Preparation of financial statements in English at every fiscal end; and/or
• Preparation of periodic (monthly/quarterly/yearly) financial reporting to foreign head quarter.

outsourcing services

We provide all the supporting services to companies for important functions, which may not be the core competencies to the companies. Especially for small companies, outsourcing to professionals will save not only money but time and risks.

Our Outsourcing Service include:

• Corporate secretarial and administration;
• Temporary staffing of accounting personnel;
• Cash management and treasury functions;
• Assistance with electronic tax invoicing;
• Arrangement of payments to vendors/clients/employees; and
• Any accounting/tax/administration matters your company needs assistance.