Under the Hong Kong Companies Ordinance, the requirement is to keep accounting records that must be sufficient to show and explain the company’s transactions; disclose with reasonable accuracy the company’s financial position and financial performance; and enable the directors to ensure that the financial statements comply with the Ordinance. The Inland Revenue Ordinance requires every person carrying on a trade, profession or business in Hong Kong to keep sufficient records of income and expenditure to enable the assessable profits to be readily ascertained. Such records shall be retained for a period of not less than 7 years.

We provide a comprehensive range of cost effective accounting services including accounting, bookkeeping and payroll administration services. These are designed to supplement any internal resources or to be a fully outsourced solution. When you outsource your accounting to us, we will take care of your bookkeeping to ensure your management accounts contain the most up-to-date information, prepare your annual accounts for audit purposes and keep you informed about the latest changes in legislation and regulations.

Our accounting services include:

• Preparing vouchers for recording business transactions
• Posting accounting entries to ledger
• Keeping of books of account with accounting software
• Preparing management accounts (including balance sheet, income statement, analysis of account)
• Compiling financial statements for tax reporting and bank borrowing
• Handling monthly payroll and MPF contributions

If you have any queries, please feel free to contact our accounting team to find out more about how we can help you.