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BVI Accounting ServicesWho we areOsiris Financial Services Ltd. offers financial support services to a range of small to medium-sized international organizations, trust and corporate service providers, and high-net worth individuals. Our office in the Philippines is staffed by a team of qualified professional accountants with experience in the offshore financial service industry. What we deliver We offer customized accounting services based on the service level requirements of our clients which range from maintenance of accounting and statutory records, preparation of periodic management reports, payroll services, invoicing services to other ad hoc customized financial support requirements. Client Accounting The changing regulatory environment necessitates the need for the maintenance of accounting records even for private limited companies and trust structures. We offer specialized company and trust accounting services to a portfolio of entities managed by trust and corporate service providers. We offer full accounting services from bookkeeping to accounts preparation, depending on client requirements. Trusts Trustees have an obligation to give a full account of the assets for which they hold in behalf of its beneficiaries. It is therefore a necessity to maintain accounting records to ensure that all assets are properly accounted for, liabilities are duly discharged, and the different beneficiaries receive that which is due to them. Our accountants record the financial transactions and prepare annual or periodic financial statements according to generally accepted trust accounts format. Income and capital accounts are separately maintained in order to distinguish the sources of the trust assets. The set of accounts normally include a balance sheet, income account, capital account, investment schedule, and accompanying notes to financial statements. Companies Even with private limited companies, the directors still have the responsibility to maintain accounting records and ascertain the financial position and performance of the company in order to provide sound economic decisions for the interest of the company’s stakeholders. It is therefore imperative to have a set of accounts prepared. Our accountants record the financial transactions and prepare annual or periodic financial statements according to generally accepted accounting standards. The set of accounts normally include a balance sheet, income statement, investment schedule and accompanying notes to financial statements. Bookkeeping Solutions Bookkeeping is one of the most fundamental accounting processes. Our accountants and bookkeepers record financial transactions using double-entry accounting system, and maintain general ledgers and trial balance reports. Management Accounting Management relies on financial information to deliver sound business decisions. Our management accountants prepare periodic management reports that are aligned with the level of financial information desired by our clients. Management reports generally include the basic comparative financial statements such as the balance sheet and income statements among others. Payroll Accounting Some companies do not have an in-house payroll accountant while other companies require an independent service provider in order to increase confidentiality of its payroll records. Our accountants offer monthly payroll accounting services to clients who prefer that their payroll services be rendered independently by a third-party service provider. Our accountants prepare and generate the monthly payroll pay slips of individual employees, and prepare schedules of payments to social security and relevant tax authorities. Client Invoicing Solutions Some companies prefer to have their client invoicing process outsourced in order to focus their resources and attention on key business processes. Our accountants offer periodic customer invoicing solution to clients who prefer that their invoicing function be outsourced to a third-party service provider. Generally, the client provides us a schedule of billable items while our accountants generate invoices and prepare monthly invoicing summary. How we operate A service-level agreement is generally contracted with the client covering the scope of services, staffing requirements, workload migration and process flows, cost of services, and other operating requirements. Our fees are generally agreed with the client and are based on time spent per hour, with an agreed minimum. Why the Philippines? Business process outsourcing is an emerging industry in the Philippines. In fact, the country is home to major BPO companies and shared service centers of large multinational companies capitalizing on the country’s skilled labor force. We are staffed by a team of certified professional accountants with experience in the financial service industry. Our accountants uphold the highest level of integrity and client confidentiality in line with the profession's code of ethics. What we can contribute
Cost of in-house accountant vs. OFS Ltd. service fee 
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Email: info@osiristrust.com | ||||
