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 the backbone of many CPA firms. Our skilled offshore accountants handle all aspects of auditing and testing compliance to ensure accuracy with all your audits.
U.S. GAAP and PCAOB Standards: Conducting audit fieldwork, testing, and documentation.
Client Interface: Communicates with clients to obtain and document additional information.
Audit and ERP Software: Experienced with top audit software and ERP solutions to obtain and save critical support for your audits.
Follow Direction or Assume Lead: Experienced staff, hand-picked based on your auditing needs as team member or team leader.
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: Assistance with individual (1040), corporate (1120), partnership (1065), and other tax filings.
Sales & Use Tax Compliance: Managing tax calculations, filings, and multi-state compliance requirements.
Tax Planning & Advisory Support: Helping businesses strategize and optimize their tax positions.
IRS & State Audit Support: Assistance with document preparation and compliance responses.
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: Assessing revenue contracts to determine proper 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: Ensuring accurate treatment of 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 determine 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: Ensuring accurate lease recognition and reconciliation with general ledger accounts.
Disclosure & Compliance Reporting: Preparing detailed financial disclosures and footnotes for ASC 842 compliance.
IFRS & US GAAP Financial Reporting Support
Our offshore accountants specialize in providing IFRS and US GAAP financial reporting assistance, ensuring compliance with international and domestic accounting standards. We help businesses with:
Financial Statement Preparation: Assisting in the preparation of balance sheets, income statements, and cash flow statements in compliance with IFRS and US GAAP.
Accounting Policy & Standard Adoption: Implementing new accounting standards and transitioning to updated regulatory frameworks.
Reconciliations & Adjustments: Supporting companies in IFRS to US GAAP conversions and vice versa.
IFRS 9 (Financial Instruments) & IFRS 16 (Leases) Compliance: Ensuring accurate recognition and measurement of financial instruments and lease liabilities.
Audit & Regulatory Filing Support: Preparing documentation and workpapers for external auditors and regulators.
Financial Planning & Analysis (FP&A)
Gain deeper insights into your business with expert financial planning, forecasting, and decision support services:
Budgeting & Forecasting: Data-driven financial projections to support strategic growth.
Cash Flow Management: Monitoring and optimizing cash flow for better liquidity management.
Financial Modeling & KPI Tracking: Analyzing key financial metrics for better decision-making.
Variance Analysis & Cost Optimization: Identifying trends and cost-saving opportunities.
Back-Office & Data Management Solutions
Streamline your business processes with efficient back-office operations managed by dedicated offshore professionals. Our solutions include:
Data Entry & Processing: High-accuracy data entry and document management.
HR & Payroll Processing: Employee record management, payroll administration, and benefits processing.
Market Research & Analytics: Industry research, competitive analysis, and business intelligence support.
Dedicated Offshore Staff Accountant for Large Companies
As companies grow, managing account reconciliations, audit preparation, and compliance reporting become increasingly complex. A dedicated offshore Staff Accountant from Selective Offshoring can help:
Account Reconciliations & Month-End Close: Ensuring timely and accurate reconciliations of cash, AR, AP, fixed assets, inventory, and accruals.
Audit Preparation & Workpaper Support: Assisting with gathering supporting documentation, variance analysis, and reconciliations for external audits.
GAAP & IFRS Compliance Monitoring: Ensuring proper accounting treatment and compliance with technical accounting standards.
Journal Entries & Financial Adjustments: Supporting accounting teams with accruals, prepayments, and adjusting journal entries.
Intercompany & Consolidation Accounting: Managing complex entity structures with intercompany eliminations and consolidations.
Adding an offshore Staff Accountant allows large companies to scale their finance teams without the high cost of hiring additional in-house employees, ensuring accuracy, efficiency, and compliance while keeping up with 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.