Yes, we are currently integrated with clients’ accounting systems to provide general ledger detail for each pay cycle. Depending on the client’s internal accounting structure, general ledger detail can be set up for each payroll, entity, country or on a worldwide basis.
Yes, we integrate with multiple HR systems. We can provide upload data for new hires, terminations, and payroll changes for clients’ employees worldwide.
No, you do not need a bank account in each country unless it is a local requirement. We can manage all of your funding needs. If a local bank account is required, Farahat & Co. can help you set up the account and if requested, can manage the ongoing payments using that account.
We price our services based on three criteria:
- The Country
- The number of pay cycles
- The number of employees per pay cycle.
In most cases, implementations take 6 to 15 working days.
Yes, we can! One of Farahat & Co. specialties is managing expatriate payroll administration. We can provide cash delivery to expatriates in the home and host countries, home and host country tax compliance, and consolidation of data for year-end reporting. Farahat & Co. has multiple specialists on staff with expatriate payroll expertise to help you set up and manage your payroll needs around the world.
At Farahat & Co., we pride ourselves on hiring and retaining a diverse group of highly talented staff members. Our employees come from top universities around the world, with many speaking a second or third language. To date, Farahat & Co. team communicates with our partners and clients in many languages. Their role is to partner with our clients utilizing a consultative versus clerical approach. Farahat & Co. employees are continuously looking for ways to improve internal processes, technologies, and the overall client experience.
Farahat & Co. has clients in a variety of industry sectors including oil & gas, financial services, education, insurance, real estate, technology, and many others.
Although monthly payroll is most common worldwide, Farahat & Co. also processes weekly, fortnightly (26 times per year), and semi-monthly (24 times per year). Many countries have additional cycles for vacation and holiday payments, which Farahat & Co. accommodates on a payroll by payroll basis.
Yes. In many situations we manage the funding needs for our clients including all employee payments, social programs, and local tax payments. This is accomplished in two ways:
- Clients provide one payment to Farahat & Co. and we handle the currency needs and distribution worldwide.
- Farahat & Co. obtains a power of attorney over a client’s payroll bank account and we manage the payments.
If a client wishes to distribute the payroll on their own, Farahat & Co. will supply the payment details directly to the client for disbursement.
At your request, we will work directly with your relocation and tax providers to support the management of expatriate programs. Farahat & Co. works closely with a variety of relocation and tax providers today with minimal client involvement!