Setting Up And Maintaining U.S. Operations Just Got Easier!
Setting up an overseas operations presents many challenges. With Rose Financial Services on your team, you will rest assured knowing that your accounting function is not one of them. We call it Accounting Inshoring. RFS is committed to the international market and to helping the U.S. ventures of our international clients succeed.
What can RFS do for your U.S. operation?
• Manage payables cycle and vendor relations
• Manage billing and receivables cycle and customer financial interactions
• Payroll processing and administration in all 50 states
• Financial reporting: timely, accurate and complete
• Tax compliance: Federal, state, and local
• Cash Management
• Fixed asset administration
Here is an example of how RFS provided accounting support to a U.S. subsidiary:
A French public software company came to RFS after its controller resigned. They asked RFS to provide on-site accounting support. RFS ran the accounting systems in place and ensured all financial information was reported accurately and timely to the international headquarters. RFS carried on these duties until the company was able to find its own accounting staff.
However, the company called on us again to manage their accounting systems after their new accounting staff turned over again. RFS now maintains this firms accounting on an ongoing basis.
Financial Result: RFS provided accounting support for this internationally expanding company and ensured that its financial reporting was maintained on a timely and accurate basis through turnover and transition.
• The Americas
We have a widely distributed workforce. How can they receive accounting information?
RFS Workflow™ provides access to accounting and financial information from anywhere the world.
You can be directly involved in the financial processes of your company, no matter where you are in the world.
Do I need to set up a physical office for an internal accounting department?
No. RFS trained professionals can function as your customized accounting department directly from our U.S. based Shared Services Center.
Your time is spent on more productive, high value activities such as increasing sales, rather than administrative tasks such as hiring and training accountants.
What about tax, audit, and compliance issues?
RFS provides full compliance with accounting standards as well as the tax reporting requirements at the federal, state, and local levels.
Having RFS assist with taxes and audits will help you know your compliance costs. Our extensive knowledge of the needs of international companies offers an ease of use with regard to meeting and exceeding accounting and compliance standards.
Setting up a U.S. office can be risky. How can you help?
RFS offers a chance to reduce risk as a result of our independence, stability, experience, and corporate governance practices.
Your focus can be on cementing your management team and establishing the lines of communication with the overseas parent. The accounting and reporting will remain timely, accurate, and consistent throughout the process.
Does it take a long time to get established in the U.S.?
Our outsourced accounting services can actually help you decrease your time to market.
*Please ask to see our complete Menu of Services!
Because of our experience in knowing the needs of subsidiaries of international companies, we’ll be taking care of your back office operations at the same time you’re taking care of the front office activities – reducing set up time and time to market considerably.