Services for foreign customers with subsidiaries in Germany…
AdminiStraight is a leading Outsourcing provider focused on midsized enterprises. Our range of services include the complete range of administrative services, such as accounting, payroll processing or the administration of travel expenses, typically, but not necessarily, using our customers SAP or Navision system.
More and more enterprises today are going to allocate specific administration tasks to specialized service providers for various reasons. In summary the mentioned business areas in almost all enterprises are facing requirements climbing considerably. Numerous projects are binding enormous resources and hardly let time for the daily business.
Yet another significant challenge is resulting from international expansions, usually leading to an increase of foreign subsidiaries. The payroll processing as well as the accountancy of the foreign subsidiary can particularly be taken care of by a specialized service provider more appropriately than by an own employee who has to be made familiar with the specific accounting principles and Social Security processes abroad. An additional advantage can be seen in an increase of flexibility in terms of resources and costs by reducing costs at the same.
Typical tasks that can be performed by an external service provider:
- Payroll accountig
- Validation of incoming invoices
- Checking of incoming invoices
- Posting of incoming invoices
- Creation of payment proposal lists
- Bank postings
- Asset accounting
- Accrual postings
- Financial Statements
- Financial Reporting