Accounting standards in Japan follow the Japanese Generally Accepted Accounting Principles (GAAP), which differ from the US GAAP and the International Financial Reporting Standards (IFRS). Because of the differences between these standards, it is necessary to make adjustments in how services are delivered. We have formed PKF JAPAN from an exceptional team of Certified Professional Accountants (CPA), Enrolled Agents (EA), and Tax Advisors, who are all former members of the “Big 4” consultancies. We provide a one-stop accounting support service for Japanese corporations and branches, delivering a quality service that is comparable to the other major accounting firms but brought to you at a reasonable price.
We provide accounting-related advisory services that we tailor to meet the individual needs of our clients’ businesses based upon their size and their current stage of development. We offer our clients the best possible services, including monthly and annual account closing operations, accounting and auditing support, and compliance with international accounting standards, including IFRS and US GAAP.
We assist our clients in formulating the most appropriate accounting policies for all their various business activities, as well as complying with any new applicable accounting standards. We also help to assess the back-office practices that our clients employ and assist them in the identification of the account methods that they should introduce that would be most beneficial to delivering improvements to both the efficiency and the effectiveness of the practices.
We help complete the monthly and annual closing of accounts as quickly, accurately, and efficiently as possible. It is vital to obtain the cooperation of all relevant departments, including sales, manufacturing, and development, as well as from any parent company or any subsidiaries. We provide our clients with advisory services to ensure that successful completion of account closing operations.
Entities in Japan are required to follow the JGAAP when settling their accounts and filing their domestic tax returns. However, if an entity’s parent company is required to follow a different accounting standard such as the IFRS or US GAAP, then it may be necessary for their Japanese entity to transition their financial statement from the JGAAP standard to either the IFRS or US GAAP for consolidated accounting purposes. We offer services that help companies perform this transition smoothly and effectively.
We will assess each department’s working practices to determine if they are operating effectively and identify if there are any inefficiencies or opportunities for improvements that we recommend they address. Our team of consultants includes Certified Professional Accountants, Enrolled Agents, and Tax Advisors, who have comprehensive experience across a wide range of different work environments. Our team provides the necessary support required during the preparation and improvement of the workflows that will enhance the efficiency of your company’s work practices.
Hiring an English-speaking accountant in Japan can be difficult, and it is common for foreign companies to outsource their accounting functions. We offer bookkeeping and payment processing services to meet all your outsourcing requirements. We can also tailor our software and reporting processes to meet the specific needs of both your company and your overseas parent company as a fully integrated and transparent service, acting as if we were your company’s own in-house accounting and tax department.
Here at PKF JAPAN, we have a team of professional staff who are experts at undertaking accounting tasks on your behalf, including preparing your books. We offer bookkeeping services that are compliant with accountancy standards, including IFRS and US GAAP. We will also compile, on request, a comprehensive management summary for you to use in your monthly meetings. We deliver operational efficiencies to your business using cloud accounting software in conjunction with our support services, allowing you to focus your management resources on your core business while we seamlessly manage your accountancy needs.
Bookkeeping services as part of a larger BPO service
Bookkeeping is an important task that provides the foundation for producing accurate accounting books and precise financial and tax filings. However, bookkeeping is not the only Business Process Outsourcing (BPO) service that we offer. We also deliver outsourcing for other tasks for your upstream processes, including the following:
As these other outsourced offerings are closely tied to the bookkeeping processes, outsourcing these tasks to us, in addition to your bookkeeping, would deliver to you benefits of scale and help make your business processes more efficient and effective.
Our team at PKF JAPAN can both prepare and submit your sales invoices to your clients on your behalf. We can follow your standard invoice format; alternatively, we can use our cloud software solution to prepare your invoices. Another available option, as part of our offered BPO services, is to use our accounting software linked to the cloud invoicing software solution. This integrated solution can significantly increase the efficiency and accuracy of recording and tracking of your invoices and associated payments.
Invoice Preparation
Our team at PKF can prepare sales invoices on your behalf. We tailor our services to meet your requirements, such as issuing invoices at fixed dates, or multiple times over each month, or using any specified software solutions.
Invoice Sending
Our team at PKF can send your sales invoices to your clients on your behalf using the method of your choice. We tailor the issuance process to meet your requirements, including issuing invoices by email as PDF attachments rather than through the post.
Before we offer our services, our team at PKF JAPAN will typically schedule an initial consultation with potential clients to ensure that we fully understand their business, identify the most appropriate options for their individual needs, and allow us to provide an accurate quotation. We may ask you for copies of the following documents to help this process:
Our ACCOUNTING services boast the following four major features:
PKF JAPAN is home to a core team of certified professionals, including Certified Professional Accountants (CPA), Enrolled Agents (EA) and Tax Advisors who are all certified in Japan, and who have experience of working for the other major accounting firms. We are committed to providing accounting support to companies from across the world when they seek to expand their business into Japan ― either as companies or branches. We provide services to a wide range of clients from multiple industry sectors, from international companies listed overseas to those operating in the global aviation industry. With our accountancy standards conversion services (including conversion into US GAAP and IFRS), we offer a suite of accountancy services that will help foreign entities of all types and sizes.
PKF JAPAN’s team of specialized consultants are light on their feet. We are a fast and agile service provider, reacting to our clients’ needs whenever required, and delivering effective solutions. We recognize that it is essential for our clients that we swiftly complete our work when it comes to selecting accounting principles, as well as delivering our accounting services to meet our clients’ needs. Even when providing accounting advice, we guarantee that we will provide all our clients with prompt and decisive action. We have put together an integrated team of Certified Professional Accountants (CPA), Enrolled Agents (EA), Tax Advisors, Lawyers, Certified Social Insurance and Labor Consultants, Legal Advisors, Business and IT Support Staff, Bookkeepers and Administrative Assistants who, between them, can provide the services that you require.
PKF JAPAN’s accountants are experienced in preparing accounting reports, whether they be monthly, quarterly, or consolidated. From large enterprises to SMEs, we respond to the needs of our clients. We have a team of accountants with varying specializations to choose from when it comes to finding the right help for your accountancy and financial reporting affairs and which is consummate with the diverse nature of modern business activities.
Here at PKF JAPAN, we employ bilingual staff who are proficient in the major languages for international business, including English and Chinese. Over recent years we have seen an increase in both foreign business expansions into Japan and the overseas business expansions of Japanese enterprises. In such an evolving business environment, we are proud to be able to offer our accounting services in both English and Chinese to enhance and expand the support that we can provide to our clients.
