Accounting Outsourcing
It is a legal requirement in Hong Kong that businesses carried in Hong Kong has to maintain its accounting records including receipts, expenditures, assets and liabilities in either English or Chinese. The records must be maintained for at least 7 years.
However, majority of HK business are Small or Medium Enterprises with limited resources to hire a full time bookkeeper who normally costs around HK$8,000 per month. By outsourcing their accounting function, they can focus on their core competence and saved considerable staff costs on maintaining its books of record.
Our accounting outsourcing service fee is based on the volume of transactions and level of expertise required. We will prepare the general ledger, trial balances, profit and loss statement, balance sheet according to the information and vouchers submitted by our clients. The following table summaries the required documents for us to complete the accounting reports.
You may select the prepare the accounts on monthly basis or annual basis. You may also request our bookkeeping staff to attend on daily basis for invoicing, handling petty cash, data entry, etc.
Please contact our Mr. Keith Wong at (852) 2739 9312 or Biz@keithwongcpa.com to tailor made an outsourcing program according to your needs and requirements.
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Nature of transactions |
Related Documents |
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Sales |
Cash Register Slip, Sales Invoices, Daily Sales Record, Sales Return Notes, Delivery Notes |
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Purchases & Expenditures |
Payment Receipts, Purchase Invoices, Petty Cash vouchers, Daily Payment Records |
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Bank |
Bank statements, cheque stubs with details of payments, Documentary Credit, if any |
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Assets & Liabilities |
Sales and Purchase Agreement, Invoices, Receipts, Loan statements |
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Stock |
A year-end stock list with each item names and values |