Logiframe provides consultation about financial and non-financial information reports that company must give to the government institution. The excellence of Logiframe’s statutory accounting reports workmanship are:
Definitions of Statutory Accounting
Statutory accounting is the mandatory submission of financial and non-financial information to a government agency. Each industry has its own set of laws and regulations that mandate reports. Logiframe statutory accounting services helps companies in preparing this mandatory report to ensure compliance with accepted accounting standards.
Statutory Accounting Roles For The Company
Every industry has a given set of principles for the preparation of financial statements. These principles define how financial transactions should be accounted for in accordance with the rules and regulations of the statutory bodies. In Indonesia statutory accounting is using Indonesia GAAP (Generally Accepted Accounting Principles) or PSAK (Pernyataan Standar Akuntansi Keuangan), in United States of America is using US GAAP, or some other countries (including Indonesia) has harmonized its local GAAP with internationally accepted accounting standards which is known as International Financial Reporting Standard (IFRS).
On the other hand, GAAP provides a common set of accounting standards, procedures and rules that are defined by the professional accountancy body. Almost every publicly traded company in the United States has adopted GAAP. These principles provide authoritative accounting standards as well as commonly accepted methods of recording and reporting accounting transactions. Companies are required to follow GAAP in order to increase investors’ confidence to use financial information of the company for investment purposes.
Statutory Accounting Products
Product of statutory accounting services is a set of financial statements which consisted of balance sheet, profit and loss, shareholders’ equity, cash flows, and notes to the financial statements.
"We are excited to work with Logiframe teams over the past few years. They have really helped the accounting process save our time and resources"
Steve, Direktur, SES
"Partnering with Logiframe gives us many benefits especially in financial matters. Logiframe employees encourage us to be more disciplined and committed to the report as part of our responsibilities. We feel very helpful. Thank you very much."
Nurdiana, Yayasan Peduli Anak
“Logiframe really helps us in implementing NAV ERP and gives us the best solution for every problem.”
Sinar Hidayat, PT Benzine Indonesia Perkasa
“Really great! Logiframe helps us to create custom reports directly from the NAV ERP that are useful for management as well as provide some of our most needed reports. Thanks Logiframe for making our ERP more flexible and easy to use! ”
Satrio, IT Manager Mandiri Graha Persada
"Mr. Win and the team have been an invaluable part of our start-up operation. They are always available and have the best interest in our minds."
“Very helpful and professional. The "hassle-free" solution for our accounting and taxes. I wish I had used Logiframe before, even since the company was founded."
“With accurate communication, details, and accurate work methods, Logiframe has helped remotely mobilize Myanmar to handle all our financial reporting. I would recommend anyone to work with them. ”
Rianne Roggema, Managing Director, Carmudi Myanmar
“We have been entrusting Logiframe to do all our accounting and taxes since May 2015. The Logiframe team is highly professional and reliable.”