EXCLUSIVE ACCOUNTING SOLUTIONS, TAILORED TO YOUR BUSINESS
At Selective Offshoring, we provide customized offshore accounting and finance solutions that streamline operations, improve accuracy, and reduce costs. From bookkeeping and tax preparation to financial planning, our experts integrate seamlessly with your team—ensuring efficiency, compliance, and long-term success.
Our Offshore Accounting & Finance Solutions
Field Auditors and engagement managers
Efficient audits are essential to many CPA firms. Our skilled offshore accounting professionals support your audit teams with fieldwork, testing, documentation, and other engagement procedures under your firm's direction and supervision.
U.S. GAAP and PCAOB Standards: Experienced professionals supporting audit fieldwork, testing, and documentation in accordance with your firm's engagement procedures.
Client Interface: Communicates with your clients, as authorized by your firm, to obtain and document information and supporting materials.
Audit and ERP Software: Experienced with leading audit software and ERP solutions used to obtain, organize, and document critical audit support.
Flexible Team Roles: Experienced professionals, hand-picked based on your engagement needs, who work as integrated members of your audit team under your firm's direction and supervision.
Tax Preparation & Compliance
Navigating tax regulations can be complex and time-consuming. Our offshore tax professionals support businesses and CPA firms with:
Tax Return Preparation: Supporting the preparation of individual (1040), corporate (1120), partnership (1065), and other tax filings under your firm's direction.
Sales & Use Tax Compliance: Supporting tax calculations, filings, and multi-state compliance requirements.
Tax Planning Support: Providing research, analysis, and workpaper support for your firm's tax planning engagements.
IRS & State Audit Support: Assisting with document preparation, research, and responses in support of your firm's representation of its clients.
Revenue Recognition (ASC 606) Compliance Support
ASC 606 establishes a standardized five-step model for recognizing revenue across industries, ensuring consistency in financial reporting. Our offshore professionals assist businesses and CPA firms in:
Contract Review & Analysis: Analyzing revenue contracts to support appropriate recognition methods.
Five-Step Model Implementation: Applying the ASC 606 framework:
- Identifying contracts with customers
- Determining performance obligations
- Establishing transaction prices
- Allocating prices to obligations
- Recognizing revenue upon fulfillment
Deferred Revenue & Contract Liabilities Accounting: Supporting accurate accounting for contract assets and liabilities.
Revenue Reconciliations & Audit Support: Assisting in revenue testing, reconciliations, and external audit documentation.
Financial Statement Disclosure Preparation: Compiling revenue-related disclosures in accordance with ASC 606 requirements.
Lease Accounting (ASC 842) Compliance Support
With the transition to ASC 842, companies are required to recognize lease liabilities and right-of-use (ROU) assets on their balance sheets. Our offshore team provides:
Lease Data Extraction & Classification: Reviewing lease agreements to support finance vs. operating lease classification.
Lease Accounting Calculations: Computing lease liabilities, ROU assets, amortization, and interest expenses.
Lease Modification & Reassessment Adjustments: Accounting for changes in lease terms, renewals, and early terminations.
Journal Entries & Balance Sheet Reconciliations: Preparing lease-related journal entries and reconciling balances with general ledger accounts.
Disclosure & Compliance Reporting: Preparing supporting schedules and draft financial statement disclosures for ASC 842 compliance.
IFRS & US GAAP Financial Reporting Support
Our offshore accountants provide IFRS and US GAAP financial reporting support, helping businesses and CPA firms strengthen their financial reporting processes and technical accounting capabilities.
Financial Statement Preparation: Assisting with the preparation of balance sheets, income statements, cash flow statements, and supporting schedules under IFRS and US GAAP.
Accounting Policy & Standard Adoption: Supporting the implementation of new accounting standards and transitions to updated reporting requirements.
Reconciliations & Adjustments: Supporting IFRS-to-US GAAP conversions, US GAAP-to-IFRS conversions, reconciliations, and related adjustments.
IFRS 9 (Financial Instruments) & IFRS 16 (Leases) Support: Assisting with the recognition, measurement, documentation, and reporting requirements for financial instruments and leases.
Audit & Regulatory Filing Support: Preparing documentation and workpapers in support of external audits and regulatory reporting.
Financial Planning & Analysis (FP&A)
Gain deeper insight into business performance with experienced offshore FP&A professionals who integrate with your finance team to support planning, forecasting, and decision-making.
Budgeting & Forecasting: Preparing annual budgets, rolling forecasts, and scenario analyses based on your business assumptions and operating plans.
Cash Flow Management: Preparing cash flow forecasts and liquidity analyses to support working capital and funding decisions.
Financial Modeling & KPI Tracking: Building and maintaining operating models, sensitivity analyses, and projections for strategic planning.
Decision Support: Providing financial analysis to support pricing, investment, cost management, and other business decisions.
Back-Office & Data Management Solutions
Reliable back-office support helps accounting and finance teams operate efficiently. Our offshore professionals integrate with your workflows to provide accurate, timely administrative and financial data support.
Data Entry & Processing: Entering, updating, and organizing financial and operational data across accounting systems, spreadsheets, and business applications.
Accounts Payable & Accounts Receivable Support: Processing invoices, maintaining vendor and customer records, supporting collections, and assisting with payment and cash application workflows.
Reporting & Data Preparation: Compiling and organizing financial and operational data for management reporting, reconciliations, and analysis.
Dedicated Offshore Staff Accountant for Large Companies
As companies grow, account reconciliations, audit preparation, and financial reporting become increasingly complex. A dedicated offshore Staff Accountant from Selective Offshoring can strengthen your accounting team with:
Account Reconciliations & Month-End Close: Preparing timely reconciliations of cash, AR, AP, fixed assets, inventory, accruals, and other balance sheet accounts.
Audit Preparation & Workpaper Support: Assisting with supporting documentation, variance analysis, reconciliations, and workpapers for external audits.
GAAP & IFRS Compliance Support: Supporting appropriate accounting treatment and financial reporting under applicable accounting standards.
Journal Entries & Financial Adjustments: Supporting accounting teams with accruals, prepayments, journal entries, and other period-end adjustments.
Intercompany & Consolidation Accounting: Supporting multi-entity accounting, intercompany reconciliations, eliminations, and consolidations.
Adding an offshore Staff Accountant allows large companies to scale their finance teams without the high cost of additional in-house employees while maintaining the accounting support needed to meet growing financial reporting demands.
Our Proven Process
Consultation
Implementation
Consultation
Every engagement begins with a comprehensive deep dive into your business needs, challenges, and goals. Through open communication and strategic analysis, we gain key insights to craft tailored offshoring solutions that align perfectly with your organization.
Strategy
Implementation
Consultation
Following our consultation, we craft a customized offshoring plan tailored to your business objectives. Our strategy focuses on optimizing resources, boosting efficiency, and enhancing overall operational performance to drive long-term success.
Implementation
Implementation
Implementation
From recruitment to infrastructure setup, we handle every aspect of the offshoring process. Our team ensures a seamless transition, providing you with dedicated professionals who integrate effortlessly into your business operations—driving efficiency from day one.
Ongoing Support
Implementation
Implementation
Our partnership goes beyond implementation. We provide continuous support, monitor performance, and make strategic adjustments to ensure your offshoring solution delivers consistent, measurable results—keeping your business on track for success.