Frequently Asked Questions

• What accounting standard do you use in preparation of the financial statements?

  We prepare financial statements in accordance with the Indonesian Financial Accounting Standards (SAK/PSAK). For clients with international reporting needs, we can also align with IFRS to ensure global comparability.
  

• What is the price of the accounting service?

  The price of the accounting service can be divided into two categories:

  Project based: For specific projects or one-time tasks, accounting services may be priced based on the volume and complexity of that project task. We actively involve in tidying up accounting records, moving accounting records from legacy system (on-premise) to cloud based like Xero or NetSuite.

  Retainer based: This is based on the volume and the complexity of the period (monthly, quarterly, semesterly, and annually) works.

• What accounting software do you recommend?

  For small business clients with less complex business transactions we recommend to use Xero. For medium and enterprise clients with more complex business transactions we recommend to use NetSuite. Both softwares are our technology partner and they are 100% cloud based.

• When do you consider outsourcing accounting?

  Consider outsourcing accounting when your business encounters complexities in managing financial tasks, tax compliance, and maintaining accurate and up-to-date records. Outsourcing becomes particularly beneficial during periods of growth, when the volume of financial transactions increases. Our clients often find outsourcing accounting advantageous as it provides access to accounting experts without the need for an in-house team; reducing costs and ensuring efficient financial management. Additionally, if your business is seeking to streamline operations, enhance compliance, and redirect focus to core activities, outsourcing accounting can be a strategic solution, offering expertise, scalability, and cost-effectiveness.

• How long does onboarding take?

  Most SMEs can be fully onboarded within 2–4 weeks, depending on the complexity of your existing accounts. We handle system setup, data migration, and reconciliation so you can transition smoothly.

• What documentation do you need from clients?

  We typically require copies of invoices, receipts, bank statements, payroll records, and tax documents. For ongoing work, you’ll simply provide monthly financial data—we handle the rest.

• How secure is our data?

  We take data security seriously. All client records are stored in secure cloud servers with encryption and restricted access. Only authorized Logiframe professionals can access your information, ensuring confidentiality and compliance.

• Who owns the books, and how is access managed?

  You always retain full ownership of your books and financial data. We provide access through cloud accounting systems like Xero or NetSuite, so you can log in anytime, anywhere, with real-time visibility.

• What if my business expands to multiple provinces or countries?

  Logiframe supports multi-entity and multi-currency accounting. Whether you’re expanding across Indonesia or entering international markets, we can consolidate your accounts, manage compliance in each jurisdiction, and scale your financial systems with you.