China Cloud Accounting Payroll Services phx2cn

E-mail: phx2cn@evershinecpa.com
or
Contact by phone in working hours of Texas time zone:
The Engaging Manager Ian Lin, well-English speaker
Tel: +1-510-996-2685

Evershine Cloud service model mitigating global warming

CPA Dale Chen, the founder of Evershine , saw a report on the aircraft in 2002 that carbon emissions are the biggest culprit global warming, and the aircraft accounts for about 25% of carbon emissions.
In general, the accounting practices of multinational companies visits overseas subsidiaries once a month for monitoring financial internal control.
If its practice can be changed to once a year (or not necessary at all) to do the control operation, it will reduce the need for flying and it also make contribution to relieve global warming.
Therefore, since 2002, Evershine began to develop and use cloud systems to establish a collaborative (note: not only “cooperative”) work environment, so that colleagues everywhere (including: customers ’ employees  of both parent companies and local subsidiaries, Evershine ‘s service colleagues both in headquarter and local subsidiaries) work on the same cloud platform.
This service model should significantly reduce the requirements of travel by air, and contribute to the mitigation of global warming.
The features of the Evershine service, supported by the cloud platform, have been recognized by customers for about 20 years.
Because of the epidemic in 2020, everyone avoids traveling by air and accelerates the pace of recognition.
In the MNC Executive Circle often say overseas subsidiaries are like “monkeys” because they are difficult to be managed.
Monkeys bouncing around, uncontrollable, and sometimes jump on your shoulders.
Indeed, “monkeys” are used as metaphors for trouble in MBA courses.
Evershine colleagues often claim to be experts in “monkeys” management, because our service is to control “monkeys” , overseas subsidiaries for multinational companies.
Evershine Group has assisted customers to manage about 1,000 monkeys in 42 cities in 14 countries so far in April 2020.

Sharing of accounting professionals

By using the Cloud Accounting System to provide a collaborative work environment, we act as your in-house accountant role although we are not sitting at your company’s office.
If your company adopts our services, you only need to assign an accountant located at the site of parent company to take care of your subsidiary accounting jobs. You don’t need to hire any local accountant, a cashier, a payroll handler, and IT officer to take care of your subsidiary in other countries.
We also incorporate internet banking function of many famous banks to enable your personnel to review or/and approve for wire payment to suppliers and employees at any time at any location.
Your company will not need to leave the seal (company seal) or/and the stamp (name of representative) to any local staff in order to avoid losing financial control.
In addition, we can make monthly IFRS financial statements within next five working days.
There are three major features of our service:
Fraud-Proof (with internal control), Seamless Collaboration, Hassle-Free (easily implemented).

You do not need to recruit your own local in-house accountant in China

Both of your staff in Parent company and Evershine China staff work together to undertake all accounting functions required by your China WFOE.
Evershine will act as the role of an in-house accountant in your China WFOE.
Evershine services will be supported by Cloud System plus Internet Banking.

Service Scope

Accounting and tax compliance
Cashier and Internet Banking as a maker
Payroll processing and compliance
Provide Cloud Information System to support our services
**Our services are called as Non-audit services in accounting industry.

There are 12 service types

Evershine has been serving about a thousands of clients in 33 cities in 14 countries.
There are 12 service types through inductive analysis as below:
*Temporary Employment Outsourcing (EOS, employment of in-country personnel prior to the establishment of a foreign company)
*Payroll services (ELP, Payroll and Compliance, Leave and Absence and Compliance with Labor Regulations)
*Light Manufacturing Enterprises (LMF, after purchasing raw materials, by itself or outside light processing)
*Trade Type (TRD-B2B, Import and Export of goods, Wholesale)
*Project-based (PJT-B2B, small number of sales transactions, large number of purchases)
*E-commerce type (ECB-B2C, Retail of goods)
*Store sales (RTL-B2C, use POS to sell goods in the store)
*Service cost plus certain % as revenue (CPC-B2B)
*General Service (SVC-B2B)
*Store Service (ECS-B2C, using POS to provide service in the store)
*Representative office (RO, payroll plus expense reimbursement)
*Dormant type (DM, Dormant, early establishment, as long as the GLA general ledger accounting services)

The following are classified as ABC Types:
according to how the IT system and the number of modules being used.

Type A:
China Subsidiary use All System modules provided by Evershine CPAs Firm:
*BIZ-Cloud Selling-Purchasing Inventory System
*BPO-Cloud A/R and A/P system
*AIS-Cloud Accounting Information System
*Payroll-Cloud Payroll Relevant System
*VAT-Cloud VAT Filing System

Type B:
*Your China WFOE will use Evershine Modules except BIZ.
*In Evershine, we call Purchase-Sales-Inventory System as BIZ.
*Your China WFOE will use the Purchase-Sales-Inventory System supported by your parent company’s ERP.
*In this scenario, Your China WFOE will use the Evershine Cloud System module, except BIZ.

Type C:
Your China WFOE will use your parent company’s ERP system, along with some modules from Evershine

*CDEC-Payroll-Data Exchange & Processing Module
*CDEC-VAT-Data Exchange & Processing Module
*CDEC-AIS-Journal Entries Data Exchange & Processing Module
*CDEC-BPO-Payment Data Exchange & Processing Module

**A, B or C, can be easily converted
The following descriptions will assume your company using Type A services 
Type A service scope:
Type A service coverage includes:
*Payroll Cycle — Leave Application,  Over-shift application, Payroll Calculation, Money Movement on behalf of you to make a batch payment,  Statutory Insurance, Pension Fund, Pay Slip Provision
*Expenditure Cycle — Expenses: Workflow Employee, Office & Travel, Money Movement on behalf of youto make a batch payment
*Receiving Cycle — From Order to Cash Received
*Payment Cycle — Purchases to Payment
*General Ledger — Records to Report
*VAT Filing
*Cost Accounting
*Physical inventory
*Corporate Provisional Income Tax filing and paying
We act as your in-house employees when you adopt Type A Service:
Evershine provides 4-in-1 service. If your company adopts our service, we can perform four functions, Including accounting and taxation, cashier and internet banking function as a Maker, payroll processing and cloud systems for supporting our services.
By providing a collaborative work environment with the cloud accounting system, we act as an internal employee of your company, although Evershine colleagues do not sit at your company.
Adopting our four-in-one service, you even need not hire accountants, cashiers, payroll handlers, and information personnel.
Staff of your parent company and Evershine employees jointly perform accounting functions.
We also incorporate internet banking function with many banks to enable your personnel to work at any time, to do approval for payment to suppliers and employees at any location.  Therefore you will be no need to hand over the seal (company seal), stamp (name of representative) to any local person, to avoid losing financial control.
In addition, we can produce the financial statements for the last month within next five working days. There are three major features of our service: Fraud-Proof, Seamless Collaboration, Hassle-Free.
We have been serving thousands of clients:
These clients are from Taiwan, China, USA, Canada, UK, Hong Kong, Singapore, Japan, South Korea, Thailand, Dubai, Scotland, Brazil, France, Italy and Germany. About one-third of the parent companies are listed on the stock market in their home country.
Advantages for using Type A service:
*Parent company will feel more trusted for China WFOE operation; Let your management team focus on business, management and financial analysis.
*You don’t even have to hire basic accountants, cashiers and payroll staff.
*Issue IFRS financial statements within 7 days.
*The financial staff of the parent company may participate in the approval in different places and see the outstanding payments and receivables in a timely manner.
Service Characteristics of Type A Service:
*This services is supported by cloud accounting and payroll system
* Lead by multinational experienced accountants to ensure the effectiveness of internal controls and compliance with regulations.
*Using native language to communicate with the finance department of your parent company, such as English, Japanese, Germany, Philippine takalog and Indonesian.
*If adopting Type A service first, you can switch to Type B or Type C service in the future.

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