Foreign Affiliated Companies

In foreign-affiliated companies, systems need to cater to operations and practices both in Japan offices and overseas headquarters.
Do you wish to facilitate accurate year-end closing for Japan offices and overseas headquarters while saving time and energy caused by different languages, accounting standards, and business practices?
With language and other useful features, Plaza-i may accommodate such user needs.

Since foreign-made systems designated by overseas headquarters are not necessarily designed for the Japanese market, they might not be compliant with Japanese business practices, including tax-inclusive representation, billing based on closing dates, consumption tax at time of bill closing, and half cash/half note.
It is nearly impossible even for accounting systems to keep supporting Japan's consumption tax reform. Even if possible, enormous costs would be incurred.
It takes time and costs to make them localized in terms of business practices, language, and maintenance support in Japanese. And yet such services might not be sufficient.

The standard features of foreign-made systems are not supported, e.g., 4-4-5 weeks and aging lists.
In foreign-affiliated companies, you often have English-speaking managers and you need to solve the issue that the management cannot instantly check financial statements and analysis reports since it could slow down the speed of decision-making. Translation to English is necessary to report to overseas headquarters.
It might be difficult to set up journal data transfer to the parent company on a journal line basis because a suspense paid consumption tax amount cannot be journalized as a separate line, or the total of suspense paid consumption tax amounts of each journal cannot simply become the account balance.

The made-in-Japan Plaza-i system is equipped with useful features that many foreign-made systems offer and is the best solution for foreign-affiliated companies. As a go-to English accounting system, Plaza-i has been supporting foreign-affiliated companies for years.

In foreign-affiliated companies, it is often the case that the accounting staff is Japanese while stakeholders and managers are not, so that English is required not only for financial statements but also for general ledgers and journals.
・Non-Japanese managers approve journals.
・English is not necessary for data entries and approval but it is necessary to explain to an auditor in English once a year.
・You would like the overseas parent company to have remote access and directly check the accounting system rather than explain details by email.
The above are some of the typical needs in foreign-affiliated companies.

Plaza-i allows Japanese-speaking workers to make entries in Japanese screens and output all reports in English and Japanese while English screens appear for English-speaking workers upon login and inquire about English reports, ledgers, and trial balances (and make data entries in English according to the access right settings).
When an auditor visits your office, since Plaza-i can switch languages with one click, you can explain seamlessly while looking at English screens and build credibility. Your parent company can have remote access to the server in Japan via the internet to use Plaza-i.

The accounting package has been highly valued also by foreign-affiliated accounting firms who provide English and/or foreign-currency bookkeeping services.

In addition to typical payroll functions, the unique Plaza-i payroll module can handle gross up calculation, English pay slips, bonus payments, e.g., over 4 times a year and twice a month, and payroll in foreign currency as standard. By transferring payroll journals, it is associated with the Plaza-i accounting module.