2. CCC
1.Company Overview: Profile
2. CCC’s Methodology
3. CCC’s Value positioning
4. Accounting and Financial Reporting Services
5. Human Capital Management & Recruitment Services
6. Appendix Contact details
CONTENTS
2
3. CCC
Why our clients work with us:
Core Capital Consulting places a strong emphasis on providing exemplary customer service. Furthermore, our size allows us
to have a hands on approach, while providing fast, efficient and result driven work. We have extensive industry knowledge
and experience working in Japan and can offer innovative ideas and solutions that are tailored to meet the goals and
objectives of our clients.
Core Capital Consulting is a provider of business solutions and services that support businesses
in all phases of growth and development.
Who
We Are
Our
Clients
We work with both mid to large size
companies, which include foreign
multinational companies operating in
Japan as well as Japanese domestic
companies.
CCC has more than a decade of
experience in Japan (est. 2010). Our team
is comprised of over 4 staff members and
represents a multi-lingual and multi-
cultural mix, which is a key asset to many
of our foreign and domestic clients
Financial Management
• Strategic
▪ Finance Function Audit and Optimization
▪ Business Continuity Planning
▪ IPO consulting
▪ Acquisition / Alliance Due Diligence
▪ Policy and Procedure Development
▪ Managerial accounting and decision making supports
• Tactical
▪ Interim Financial Management
▪ General Accounting Services
▪ Inventory Management
▪ Interfacing with Japanese government offices
Human Capital Management
• Strategic
▪ Organizational Planning
▪ Compensation Planning
▪ Business Transformation Planning
▪ Shared Service Development
▪ Change Management
• Tactical
▪ Payroll & Benefits administration
▪ HR Audits
▪ Employee Assessment / Surveys
▪ Human Resource Management
▪ Interfacing with Japanese government offices
1. CORE CAPITAL CONSULTING’S COMPANY OVERVIEW
3
4. CCC
One to one interviews to understand better of the current concerns
and operational appropriateness of client’s
Examination / analysis of client’s current internal regulations.
Desk research and analysis
Control deficiency
Optimized control
Control obsessed
Maximized
Value
Control
Value
….thus increasing the confidence that the organisation
will achieve its business objectives
CCC’ value proposition
is to assist the business
In establishing the right
balance of risk and control
2. CORE CAPITAL CONSULTING’S METHODOLOGY
4
Interviews Examination &
Analysis
Desk Research
5. CCC
How valued are the services provided by CCC? What other services
should CCC provide to meet your business needs?
Advisory on
resources
management
BPO Process
Improvement
Internal
control over
Financial
reporting
Post
Implementation
Reviews
through ongoing
monitoring
Transparent
cash
management
Structuring
of
organization
Process
redesign-
Challenger role
Information
Technology
based systems
control review
3. CORE CAPITAL CONSULTING’S VALUE POSITIONING
5
7. CCC
Service Service Description CCC Standard Services Include
Bookkeeping Collation and booking of
client vouchers under
client accounting policies
into a system of choice.
(e.g. SAP, Oracle, Great
Plains, Microsoft
Navision, Hyperion,
PeopleSoft)
1. Document business requirements as communicated by the Client.
2. Manage accounting content and adjustment process.
3. Review of Accounting guidelines (e.g. depreciation methods)
4. Receive and input information in a format predefined by CCC.
5. Respond to any governmental or jurisdictional updates to and
statutory reporting (e.g. tax audit).
Reporting Creation of required
reports in client
predetermined format.
Standard reports are the
BS/PL.
1. Document business requirements as communicated by the Client.
2. Review required templates
3. Report on agreed upon deadlines
Tax Statutory filings of
corporate, inhabitant,
fixed asset and other
governmental tax filings
via affiliated tax firm (e.g.
Tokyo Zeikei Center)
1. Document business requirements as communicated by the Client.
2. Adjust to J-GAAP requirements for tax
3. Prepare all required tax returns by required deadlines / optimize
tax position
4. In conjunction with accounting process, make required payments
Data Integration Upload of GL files into
predetermined formats
into any global ERP
system to avoid double
entry
1. Document business requirements as communicated by the Client.
2. Receive information upload template requirements from Client
3. Requirements Definition, Macro / Script Generation, (e.g. CSV
format), Testing, UAT, Launch
4. Ongoing Maintenance of tool
4.1 ACCOUNTING SERVICES -1
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8. CCC
•Source data
•Vendor data
•A/P data
•HR data
•A/R data
•Intercompany
data
CCCClient
PROCESSING
• Accounting Solutions delivered by
CCC Specialist
• Local statutory compliance
reporting and financial reporting
• Physical, technical security
secured
• Payroll data retrieval
OUTBOUND
• Company
summary report
• account reports
• Management
reports
• Data Upload Files
(e.g. CSV)
• Physical and
Digital Storage
INBOUND
Pre-Process Accounting Post-Process
Checks Process Review
4.2 ACCOUNTING PROCESS OWNERSHIP
8
11. CCC
Service Service Description CCC Standard Services Include
Payroll Data
Management
Collation and application
of individual employee's
payroll data and
transactions via
electronic and/or hard
copy input.
1. Document business requirements as communicated by the Client.
2. Manage payroll content and adjustment process.
3. Receive and load payroll information in a format predefined by
CCC.
4. Respond to any governmental or jurisdictional updates to payroll.
Mass Data Payroll
Administration
Collection and application
of generic change data to
be applied to the
specified group of
employees.
1. Define valid field values for each related transaction.
2. Provide standard data loading templates.
3. Establish scheduled mass data collection upload.
Payroll Reporting Predefined reports that
can be scheduled to run
periodically in
accordance with
contractual and service
level agreements.
1. Define standard report requirements.
2. Develop reports definitions.
3. Generate standard and statutory reports as per agreement.
4. Distribute reports as appropriate.
Wage Recovery
Service
The process applies to
the client policy of
recovering overpaid
wages through various
collection means.
1. Recomputed the paid out wage with the notification from client.
5.2 PAYROLL SERVICES CONCEPT AND STANDARD REQUIREMENT -1
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12. CCC
Service Service Description CCC Standard Services Include
Regular Cycle
Payroll
Processing
Payroll processing and
reports will be provided in
accordance with contract
agreement and service
level agreements.
1. Document all payroll processes and procedures as communicated by the
Client.
2. Maintain and audit all earnings codes, calculation and taxability rules on
system.
3. Maintain deduction codes, eligibility rules and taxability rules (pre or post
tax) on system.
4. Calculate premium rate of pay retroactively.
5. Process special payment tax gross up.
6. Calculate and process special payments (including taxation) per policy.
7. Apply periodic statutory and tax rates in accordance to legislation.
8. Establish and maintain hours codes, overtime hours and pay rules in
accordance with policy and legislation.
9. Establish and maintain accumulators.
10. Define payroll processing calendars.
11. Run on-cycle payrolls, validate pre-calculation payrolls, perform data
correction, reconcile and balance payroll.
12. Produce standard payroll reports, create BPO files and statutory reports.
Off-Cycle
Payroll
Processing
Operational and
systemic activities
necessary to perform
gross-to-net calculations
on other than a regular
periodic schedule.
1. Run off-cycle payrolls, validate pre-calculation payrolls, perform data
correction, reconcile and balance payroll.
2. Produce standard off-cycle payroll reports and create BPO files
5.3 PAYROLL SERVICES CONCEPT AND STANDARD REQUIREMENT -2
12
13. CCC
Service Service Description CCC Standard Services Include
Filing of
Periodic
Statutory
Payroll
Returns
This process provides for official
returns that are filed in
compliance with payroll
regulations. These outputs are
formal documents that report
payroll wages, withholdings
and/or liabilities statements and
are required to be filed with
regulatory agencies.
1. Prepare tax and appropriate returns and other statutory forms and
reports.
Filing of Year
End
Statutory
Payroll
Returns
This process provides for official
returns that are filed in
compliance with payroll
regulations. These outputs are
formal documents that report
payroll wages, withholdings
and/or liabilities statements and
are required to be filed with
regulatory agencies.
1. Administer accumulate tax, pension and social securities.
2. Process wage and tax adjustments as appropriate and needed.
3. Prepare individual annual tax and earnings statements where
applicable.
4. Support research and inquiries from statutory or regulatory bodies.
Management
of
Accounting
This process provides for the
management of unclaimed
wages, balance sheet
reconciliation and the preparation
and submission of journal entries.
1. Produce GL extract / GL interface reports.
BPO
Services
The BPO services process
delivers bank account
reconciliation and uncashed
check/abandoned property
administration.
1. Develop the Bank file as per specification provided by client.
2. Withhold payment as per instructed by client or based on
legislation requirement.
3. Generate bank file after signing off of payroll.
4. Reconcile the total amount with the payroll result.
5.4 PAYROLL SERVICES CONCEPT AND STANDARD REQUIREMENT -3
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14. CCC
Examples
Provide benefits services and effectively
manage and monitor total benefits spend
Benefits
Solutions
Consolidate multi-location, multi-processing for
reporting and operations, while ensuring local
compliance.
Payroll
Administration
Ensure recruitment and employment via
efficient processes while improving speed
and quality of hires.
Rules of
Employment
Reduce operating costs by streamlining HR and
payroll data. Automating all data flow and
delivery.
HR
Solutions
Ensure compliance with local statutory
and income tax.HR ProcessesSocial Insurance
Processes
Improve and manage
HR expenses
Increases operational
efficiencies
Provides workforce
intelligence
Drives critical resources
strategy
A concentrated commitment to re-
engineering policies, processes and
supporting technologies
5.5 HUMAN CAPITAL MANAGEMENT & ADMINISTRATION
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15. CCC
Definition of
Salary Rules
Monthly Payroll
Filing of
documents
Inquiry from
Employees
Overtime/Holiday
Calculation
Output and
Correction of
Input Data
Employee
Master Data
Control
Fixed Payroll
Data Change
Variable Payroll
Data Input
Payroll
Calculation
Check
Preparation and
distribution of pay
slips (e-pay slip)
Journal entry
data
Annual Tasks
Preparation and
Distribution of Salary
Report to Cities
Preparation and
Distribution of
Withholding Income
Tax Certificate
Input data to
system
Inquiring to
Employees for
input
Reminder to
Employees in case of
no submission
Collections of
Declaration Forms
and other
documents
Answering
inquires from
Employees
Distribution of
Declaration Forms to
Employees
Update Year End Tax
Adjustment
Information
Social Insurance
Annual Report and
Salary Change Report
Labor Insurance
Annual Report
Inhabitant Tax
Distribution to
Employees
Enclosing
notifications in
pay slips
Input of new/
changed Amounts
to system
Inquires to
Cities
Receiving and
filing of
Notifications
from Cities
Monthly Payroll
Definition of
Salary Rules
Filing of
documents
Inquiry from
Employees
Overtime/Holiday
Calculation
Output and
Correction of
Input Data
Employee
Master Data
Control
Fixed Payroll
Data Change
Payroll
Calculation
Check
Preparation and
distribution of pay
slips (e-pay slip)
Journal entry
data
Variable Payroll
Data Input
Annual Tasks
Preparation and
Distribution of Salary
Report to Cities
Preparation and
Distribution of
Withholding Income
Tax Certificate
Input data to
system
Inquiring to
Employees for
input
Reminder to
Employees in case of
no submission
Collections of
Declaration Forms
and other
documents
Answering
inquires from
Employees
Distribution of
Declaration Forms to
Employees
Update Year End Tax
Adjustment
Information
Social Insurance
Annual Report and
Salary Change Report
Labor Insurance
Annual Report
Inhabitant Tax
Distribution to
Employees
Enclosing
notifications in
pay slips
Inquires to
Cities
Receiving and
filing of
Notifications
from Cities
After
Transformation
Input of new/
changed Amounts to
system
Bureaucr
atic Lean
Goal
5.6 PAYROLL PROCESS IMPROVEMENTS
16. CCC
Statutory Reports and Lodgments
•Monthly Withholding Tax
•Withholding Tax Certificate
•Summary Report of Employee’s Income
•Withholding Tax Certification Slip for Resident Tax
•Payment of Resident Tax
•Geppen & Santei for Pension Plan & National Health Insurance
•Labor Insurance Estimate & Final Insurance Premium Filing Report
•Annual Update for Unemployment Insurance
5.7PAYROLL RELATED STATUTORY FILING AND LODGMENT SERVICES
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17. CCC
CCC Client
Legend
1.0 Payroll input/Submission 2.0 Payroll Processing
3.0 Payroll reporting 4.0 Payroll Payment
Enter NEW Employees
(via movement input file)
Submit PAYROLL
Movements
(via movement input file)
Send LARGE FILE
Submission
(via movement input file)
Enter TERMINATED
Employees
(via movement input file)
Send SERVICE
REQUEST
(via movement input file)
Submit OTHER
Instructions
via email
PROCESS &
CHECK
Control Totals
FINAL SIGN-OFF
Senior
Consultant
CLIENT VERIFY &
SIGN OFF
EMAIL
Client
Receive Monthly
REPORTS
via email
Administrator
View/ Download
Reports
Submit BPO –
Employees’ salary
disbursement
by Client Sign Off Deadline
by Processing Deadline
by Movement Deadline
Submit Social Ins.
Lodgment
by BPO Deadline
Bank, Social Ins. &
Tax Listing
Emergency
Processing?*
* Additional Charges Apply
Send
PAYSLIPS Employees VIEW/PRINT
PAYSLIPS
by Payment Deadline
( end of month )
Submit Withholding
& Inhabitant Tax
Lodgment
by Payment Deadline
( 10th in next month )
5.8 PAYROLL PROCESSING WORKFLOW
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20. CCC
Representative Director/ CEO
Certified US CPA/ Certified Compliance Officer
Unjon Son
5-19-7-403,Shiba,Minatoku,Tokyo P/O#108-0014, Japan
Recruitment License # 13-yu-305015
TEL:81- (3)6435-2515
FAX:81-(3)6435-2516
Cell Phone:81-80-3245-9584
corecapital.consulting@gmail.com
ceo@corecapitalconsulting.com
www.corecapitalconsulting.com
CORE CAPITAL CONSULTING
コアキャピタル・コンサルティング株式会社
20
21. CCC
Personnel in charge of clients services deliveries
• Minato
International
Law Firm
• Tanaka CPA’s
Firm
• Ito CPA’s Firm
• Nakajima
Sharoshi’s
Office
• Core Capital
Consulting KK
Accounting
Consulting
IPO
Payroll &
Social
Administration
Commercial
Registration
Tax
22. CCC
CCC’s Affiliated Professional Firms
Group Companies:
Core Capital Consulting KK
Tabitabi KK
Core Capital West Japan GK in Osaka
22
Affiliated Professional Firms:
Shinhan Korean CPA’s Firm in Seoul
Tax firm Tokyo Zeikei Center
Acacia CPA’s Firm
Ito CPA’s Firm
Tanaka CPA’s Firm
Nakajima Sharoshi’s Office
Quest Partners Sharoshi’s Firm
Yamada Attorney’s Law Office
Minato International Law Firm
Koyama Legal Scrivener’s Office