Two arrangements, and they are mutually exclusive
- Review. Your team records; we review. Classification, supporting documentation, consistency with the tax filings and reasonableness of balances, with a written report of observations and corrections to apply. This is the arrangement most of our clients choose.
- Full outsourcing. We receive the documentation, classify, record, reconcile and close, identifying the supporting document at the moment of entry.
They cost different amounts because they are different work, and we do not price them alike.
Everything else
- Bank reconciliations for each account, with clearing of items in transit.
- Financial statements under the applicable framework, with notes.
- Payroll and social security. Payroll calculation, employee income tax withholding, employer contributions and filings with the Dominican social security treasury (TSS).
- Accounts payable and treasury: payment scheduling, supplier control and projected cash flow.
- Catch-up work. Reconstruction of periods in arrears until the books are current. It is frequently where an engagement begins.
For subsidiaries of foreign groups
If your parent consolidates under US GAAP or IFRS, the Dominican statutory accounts and the reporting package are two exercises on two calendars. We run both and reconcile them explicitly, so the difference between the local figure and the group figure is documented rather than discovered.
What you will know at all times
Who handles your account, by name, and on what date each deliverable is due. Compliance and defense of the file are handled by the same firm: tax advisory and DGII compliance.
Hueyi Group, S.R.L. · Santo Domingo, Dominican Republic · Contact us