Professional accounting services in Indonesia.

• Bookkeeping & transaction processing

  • Bookkeeping in your office
  • First, we will set up your books and all of the ledgers required for your business in Xero
  • We then will help you with entering transactions, such as approved claim forms, approved payment vouchers, bank credit advice, bank debit advice, bank-in slips, bank statements and other accounting source documents of your company

  Monthly, quarterly or annually

  Financial reporting / Management accounts

  • Preparation and submission of the monthly accounts – Trial balance, income statement, balance sheet and notes to the financial statements, i.e. bank reconciliation, fixed assets depreciation schedule, amortisation of prepayments, ageing receivables and payables – to your local office and the headquarters for approval
  • We also prepare bank signatories, if needed

  Monthly or annually

• Year-end financial statement*

  We will prepare the year-end financial statement based on the monthly/quarterly accounts that we have prepared, or we can use your existing financial records to produce the annual accounts. We can also recommend an appropriate auditing firm for your business.

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  Year-end financial statement.

  The financial statement includes:

  • Statement of financial position (balance sheet)
  • Statement of profit loss and other comprehensive income
  • Statement of changes in equity
  • Statement of cash flow
  • Notes to the financial statement

  The accounts will be prepared under the Indonesian Financial Accounting Standards. Since 2011, the Indonesian Financial Accounting Standards Board has converged its accounting standards with that of the International Financial Reporting Standards (IFRS), issued by the IFRS Foundation and the International Accounting Standards Board (IASB). The accounts need to be prepared in Indonesian language and Rupiah unless permission has been obtained from the tax authorities to prepare the accounts in US$ (the only other permitted currency).

  We will suggest a suitable auditing form when your accounts need to be audited. We have great relations with both local and international audit firms which we will assure that the auditing process is completed professionally. To not interrupt your work, we work together with the auditing firm to answer their enquiries, provide schedules and supporting documents.

  The year-end financial statements must then be presented to the AGM of the company, along with a report of the company’s business for the year and details of the remuneration of the Board of Directors and Board of Commissioners. The AGM can be held by electronic means – teleconference or video conference. There is no requirement to lodge the annual financial statements of the company with the Companies Registry.

  The financial statements are also used as a basis for preparing the annual tax return of the company.

  Annually

*Government requirement

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