General Guides
Regional Guides
Starter Guides
Our virtual accountant solution for China delivers seamless, real-time financial transparency. We simultaneously process accounting data in both English and Chinese, securely storing it in our cloud-based ERP. This enables decision-makers abroad to access detailed entries and customized reports in English, instantly. Furthermore, our unique, licensed platform provides fast, stable, and end-to-end encrypted access to your China accounting data from anywhere in the world, directly from your laptop or desktop.
International Accounting Access Services
- Bookkeeping & Transaction Processing: This includes day-to-day recording of financial transactions, managing ledgers, and ensuring accuracy.
- Financial Reporting: Preparation of monthly, quarterly, and annual financial statements, tailored to both Chinese accounting standards and international reporting requirements (e.g., IFRS, GAAP).
- Tax Compliance: Handling all aspects of Chinese tax regulations, including VAT (Value Added Tax), corporate income tax, and other local taxes. This also includes Fapiao (official Chinese invoice) management.
- Payroll Services: Managing employee payroll, including salary calculations, social insurance contributions, and individual income tax.
- Accounts Payable & Receivable Management: Handling vendor payments, managing invoices, and ensuring timely collection of payments from customers.
- Cash Flow Management: Monitoring and forecasting cash flow, providing insights into liquidity, and optimizing cash reserves.
- Fapiao Management: Expertise in handling and managing Fapiao, which are critical for tax compliance in China.
- Dual-Language Reporting: Generating financial reports in both English and Chinese to facilitate communication between local operations and international headquarters.
- Compliance with Local Regulations: Staying up-to-date with and ensuring compliance with constantly evolving Chinese accounting and tax laws.
- E-banking Operations: Handling online banking tasks, and managing bank transactions, which is often very different in china than in other countries.
- Virtual CFO Services: Providing strategic financial guidance, budgeting, and forecasting, tailored to the unique challenges of the Chinese market.
Benefits of our International Accounting Access Services
- Compliance with Local Regulations: Staying up-to-date with and ensuring compliance with constantly evolving Chinese accounting and tax laws.
- End-to-End Encrypted Security: Your financial data is protected with the highest security standards, accessible globally with confidence.
- Streamlined Fapiao Management: Eliminate the complexities of Chinese invoicing with our efficient digital Fapiao handling.
- Streamlined Fapiao Management: Eliminate the complexities of Chinese invoicing with our efficient digital Fapiao handling.
China’s Data Security Law (DSL)
China’s Data Security Law (DSL), which came into effect on September 1, 2021, establishes a framework for regulating data processing activities within the country, with a strong emphasis on national security. Unlike laws focused solely on personal information, the DSL addresses a broader spectrum of data, categorizing it based on its importance to national and economic interests. Key aspects include data classification, localization requirements for critical data, and restrictions on cross-border data transfers. The DSL mandates that organizations handling data implement security measures, conduct risk assessments, and comply with reporting obligations. Notably, it also prohibits the provision of data stored in China to foreign judicial or law enforcement agencies without prior Chinese government approval. This law, alongside the Cybersecurity Law (CSL) and the Personal Information Protection Law (PIPL), forms a complex regulatory landscape that businesses operating in China must navigate, demanding meticulous attention to data security and compliance.
Join 1,500+ businesses that rely on MSA to Start, Manage, and Grow their business in China.
