The Philippines has become one of the leading players in Business Process Outsourcing (BPO) industry. More and more companies are turning to the Philippines as service providers. It has been reported recently that there are 62 BPO operators in the country and more outsourcing companies are being developed daily.

Many providers are giving more specific back-office services like bookkeeping. The Philippine is the home of more than 100,000 accountants, and every year, 3,000 accounting graduates become CPAs or certified public accountants.

Ranking of the Philippines in

The US' Generally Accepted Accounting Principles (GAAP) cites that the country's accountants are well versed with GAAP and IAS or International Accounting Standards for financial reporting. These are standards employed in the US, Japan and most of the Europe; and is considered (according to GAAP) "among the best in the world".

Compared to the 60 other countries in the Asia Pacific, the Philippines is ranked no. 1 by the Swiss International Institute for Management Development when it comes to the availability of skilled workers; no.3 when it comes to the availability of senior managers; and no.12 when it comes to the availability of qualified engineers.

Accounting and Finance services in the Philippines

The service providers in the Philippines perform a lot of functions especially in accounting and finance. Some of these functions include: accounts maintenance and accounts receivable collection advisory services, inventory control and purchasing; asset accounting and management; claims processing; expense and revenue reporting; financial analysis and auditing; general accounting and bookkeeping services; and HR services.

HR services may include: benefits administration, compensation planning, employee interface services learning systems and administration, expatriate and relocation services, HR application development and management, HR data management, payroll processing, stock options administration, travel and expense management.

Bookkeeping at Kanati

Our company, Kanati Inc. approaches the practice of accounting and bookkeeping with a different perspective. Our company's professional accountants try to improve their bookkeeping skills by keeping up with the latest in accounting-related developments, and making sure that the work being performed is fitted exactly to the clients wishes.

Kanati Inc. is results-oriented and time conscious. Our company believes that by providing great bookkeeping services, we play a part in our clients' success. Our accountants here follow GAAP-approved CPA bookkeeping practices.