• The interaction takes place through communication between one authorised person on the client side and one authorised person on the Intercomp side. This ensures maximum confidentiality of top managers' income.
• The use of a separate account for the transfer of top managers' salaries and taxes.
• Payroll entries contain a consolidated amount for all payroll taxes and a consolidated amount of accrued and remitted payroll of the customer's top managers.
• Payments to individual employees are not visible in the entries.
• Payroll and tax statements are prepared separately from those for the rest of the company's employees.

• Data for the calculation of top managers' payroll is provided by an authorised person on the customer's side. BPO Kazakhstan calculates salaries and taxes, prepares bank documents for transfer of salaries and taxes by the prescribed deadlines and in the prescribed form. 
• After settlement, payroll entries containing consolidated amounts of all payroll taxes and consolidated amounts of accrued and remitted payroll are submitted to the customer's finance department.
• BPO Kazakhstan prepares mandatory quarterly payroll reports for top managers to submit to the appropriate authorities. These forms need to be consolidated with similar forms prepared in the customer company for all other employees.

• The circulation of payroll data within the company is excluded.
• Confidentiality of top managers' income information is regulated by the contract.
• Anonymity of payments.
• Use of secure data transmission channels: Compliance with ISO 27001 and N 94-V.
• Guarantee of payment accuracy and timeliness, separation of duties at SLA level.

The areas of accounting for mutual settlements with suppliers and contractors, as well as with buyers and customers, require careful attention from the accountant, as any errors in the accounting data can lead to extremely unfavourable consequences if they are detected by the controlling authorities.

• Has large amount of documentation with counterparties
• Does not have automated systems to control receivables and payables
• Has high workload of finance professionals
• Makes regular mistakes in accounting data that hinder correct reporting

Take advantage of BPO Kazakhstan's effective counterparty settlement solution.

• Logistics of primary documentation collection and control
• Documentary support for sales of goods and services
• Entering data on business transactions in 1с and monitoring the results
• Control over cash receipts from buyers and customers
• Settlement with suppliers and contractors
• Assessment of applicable taxes and preparation of tax declarations

• Frequency of payroll calculation is once a month according to an agreed algorithm.
• The standard payroll processing time is 3 working days.
• Data and documents with the results of payroll calculation are transmitted via secure communication channels.
• Access to BPO Kazakhstan's communication systems, requiring no additional software installation.
• Possibility to export data to the customer's internal ERP or financial system.

Calculations

• Calculation of payroll, including calculation of all payroll taxes and contributions to public funds.
• Calculation of remuneration under civil law contracts.
• Calculation of income of third (natural) persons who are not employees, with whom no contracts of civil-legal nature have been concluded.
• Calculation of advances, sick pay, holiday pay, compensation for unused leave on termination of employment.
• Calculation of payments to employees arising from employment contracts, payroll regulations, using algorithms agreed with the customer.

Documents

• Preparation of individual payslips
• Preparation of a payslip
• Preparation of consolidated statement of taxes, cumulatively from the beginning of the accounting period
• Preparation of payment documents for income payments and transfer of taxes and fees
• Preparation of import files for transfer of calculation results to accounting systems

Reporting

• Preparation of statutory reporting forms to the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan and to the Statistics Committee.
• Preparation of management accounts in the agreed formats is also the responsibility of the BPO Kazakhstan Payroll Accountant.

Additional information

• Preparation and submission of personal income tax declarations.
• Audit of payroll calculations.

• BPO Kazakhstan's payroll accountants perform calculations according to any algorithm, of any complexity. 
• Confidentiality of data in accordance with Law No.94-V of the Republic of Kazakhstan.
• International quality standards ISO 9001, ISO 27001.
• Preparation of non-standard reports according to customers' requirements.
• Work in different time zones.
• Payroll outsourcing implies independence from geographical location of the company.
• Tax audit support at the customer's premises.