CloudTamers HSEC for NetSuite
Back to products
AVT Fixed Asset Management

Hitpoint China Finance App for NetSuite

Status: Unverified

Hitpoint China Finance App helps you overcome the differences between US GAAP/ IFRS and PRC GAAP, produce all statutory outputs from NetSuite, and apply Approval Certificate from the China local finance bureau. Without a change in your global NetSuite setting, various Chinese statutory reports, vouchers and accounting books meet needs of taxation, auditing and internal management can be produced.

View on Suiteapp.com

Categories: , ,
Description

What is Hitpoint China Finance App?

Hitpoint China Finance App is the NetSuite built-in version of well-known China Finance localization software Hitpoint Finance PLUS (current version 6.2). Since 2005, the solution has been helping over 300 multi-national companies in China to eliminate local tax and finance compliance risk. They use our solution every day to face China authorities, submit statements and reports, integrate with government system.

No matter what global accounting regulation or group standards you are using, China Finance App can convert your finance data into PRC GAAP compliance data and produce all statutory outputs, include Golden Audit Approval Certificate interface data. All these can be done without change any of your existing NetSuite setting and data. Only add-on and implement China Finance App.

Key Benefits

Hitpoint China Finance App will eliminate local finance compliance risk for you

  • Submit financial statement to China tax bureau every month by direct output from NetSuite
  • Map and convert data to PRC GAAP standards
  • Get accounting system Approval Certificate for your company in China
  • Print voucher, sub-ledger, general ledger reports and other statutory reports in China format for local tax audit
  • Get rid of any China local accounting software and double entry

More China Localization

Hitpoint has a series of localization Apps and  industry enhancement, such as China Tax App can help you in tax Fapiao compliant and China Golden audit Tax Control integration, and retail and trading company enhancement in China business environment. To know more about how we can help your current business, or how to expand to China without risk, contact us now.

FEATURES

Produce Monthly Financial Statement

China authority has very special requirement on Balance Sheet and Profit & Loss report, NetSuite default report can not meet the requirement. It's not the only problem, you may using global accounting standards and NetSuite setting so the financial data essentially cannot meet China PRC GAAP, so you need a conversion tool.

China Finance App will help you convert all data into China financial data, no matter what you hold in NetSuite. We will also not change your setting, like Chart of Accounts or global reports.

 

Print Statutory Voucher and Reports

According to China regulation, you need to print all journal entry, AP, AR and other ledger in special format: China voucher. But NetSuite has not journal entry print function. Let China Finance App help you. Not only voucher, China sub-ledger and general ledger reports, and special auto-numbering requirements on these reports also make a headache. You need China Finance App to generate them for you

Apply Accounting System Approval Certificate

Generate China GB/T 19581-2002 and GB/T24589-2010 electronic data interface for finance bureau, get Approval Certificate for you China company