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Accounting
   
  According to Section 51C of the Inland Revenue Ordinance that  every person carrying on a trade, profession or business in Hong Kong has to keep sufficient records in the English or Chinese language of his 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. Failure to comply with the requirements of the Ordinance without reasonable excuse may be liable to a maximum fine of $100,000.

The records prescribed in the Ordinance include :-

  • books of accounts recording receipts and payments, or income and expenditure;
  • vouchers, bank statements, invoices, receipts;
  • records of the assets and liabilities of the person in relation to that trade, profession or business;
  • records of all entries from day to day of all sums of money received and expended in relation to that trade, profession or business;

Our services to SMEs have the following characteristics:

  1. Standard fee with a pre-determined ceiling, customers can estimate their fee according to actual number of transactions;
  2. Quality professional services, english and chinese computerized accounting records in CD format for permanent storage. Financial statements can be prepared periodically and properly;
  3. Professional services provided by qualified accountants, together with accounting software to assist customer on their daily accounting entries, and periodical financial reporting.

Fees include the followings:

  • Preparation of voucher and data input into the computerized accounting system
  • General ledger, Cash account, Bank Account, Accounts receivable and Accounts payable
  • Monthly Bank Reconciliation
  • Preparation of financial statements including balance sheet and income statements

Reporting time:

  • Monthly report: About 1-3 weeks
  • Quarterly & yearly report:Within one month

 

   
 

* For enquiries, please email info@cbc-hk.com or call 3583 6602.
  To download application form, click here.    

   




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