• Home
  • Accounting services

Accounting services
in Hong Kong.

Run your own business without the day-to-day hassle of maintaining your accounts. With our reliable accounting services, you can continue to enjoy the freedom of running your Hong Kong business with the peace of mind knowing that your books and financials are healthy and up to date.

Request a quote
Learn more
Accounting services in Hong Kong

Smart accounting services that scale with your needs.

Flexible options

Choose the accounting services that you need and pay based on the volume of transactions. Some clients engage with us a monthly or quarterly basis, while others opt for just the year-end report.

Timely reminders

Our proactive accountants will always remind you of important deadlines, along with the suggested course of action so that you will never have to worry about missed deadlines or late fees.

Real-time access

We use QuickBooks & Xero that can be accessed by you and us at the same time. If you wish, you can enter the transactions by yourself to save some bookkeeping costs.

Essential accounting services

Bookkeeping & statutory compliance.

  • Bookkeeping & transaction processing

    • Bookkeeping either in your or our office
    • First, we will set up your books and all of the ledgers required for your business in Xero or QuickBooks
    • We will then assist in maintaining monthly bookkeeping of your company based on approved payment vouchers, approved claim forms, bank statements, bank-in slips, bank credit advice, bank debit advice and other accounting source information provided by your management.

    Monthly, quarterly or annually

    Financial reporting / Management accounts
    • Preparation and submission of the monthly accounts (Trial Balance, Income Statement, Balance Sheet and Bank Reconciliation) to your local office and the headquarters for approval
    • We can also provide bank signatories if required

    Monthly, quarterly or semi-annually

  • Year-end financial statement*

    We will prepare the year-end financial statement based on the monthly/quarterly accounts that we have prepared, or we can use your existing financial records to produce the annual accounts. We can also recommend an appropriate auditing firm for your business.

    Annually

*Government requirement

Request a quote

Additional accounting services.

Depending on your company size, you may also need some of our ad-hoc & ongoing services:

Vendor payment support

We can act as your finance department to manage your funds. This service includes receiving and reviewing incoming invoices from vendors, obtaining approval from client’s personnel and payment processing based on an agreed payment schedule.

Management reporting

  • Design and implementation of the accounting system and reporting structure for newly set up companies
  • Preparation of periodic management reports, including group reporting packages
  • Preparation of consolidated financial statements for statutory or management reporting purpose

Commercial (trade) services

We provide international cross-border business ventures with an invoicing and back-office administration function to avoid having to staff their operation in Hong Kong. Using a company established in Hong Kong, we will prepare an invoice on your company’s letterhead and bill the purchaser of the goods which have been shipped directly from the supplier in Asia. We will pay the supplier and collect the money on your behalf from the purchaser. Learn more

With our commercial trade services, we help our clients to:

  • Manage a fully functional commercial back-office in Hong Kong without employing or relocating staff
  • Introduction to commercial banks and institutions in Asia to arrange trade facilities for new and established businesses
  • Receive and implement sales and purchase orders and commercial documentation, such as L/C, D/P or D/A
  • Preparation and filing of import and export declarations to comply with trade regulations
  • Liaise with vendors, clients and factories/suppliers in China
  • Create commercial invoices on client's company letterhead and liaise with vendors and customers
  • Prepare bills for collection and documents for presentation to banks
  • Liaise with banks and appropriately instruct banks as per commercial documents
  • Liaise with logistic companies and insurers on commercial shipments
  • Arrange and liaise with quality control inspectors in China

Review of accounting policies & procedures

  • Confirm the technical accuracy of the current accounting policies
  • Updates accounting policies to reflect the current accounting developments
  • Benchmark the current accounting policies against industry norms
  • Additional explanatory text as appropriate which are relevant to the company

Financial planning & analysis

Going beyond reporting for statutory purposes, we can assist with budgeting and forecasting, oversight of internal controls and more.
Acclime benefits

Why outsource your accounting to Acclime.

At Acclime, we have the team and expertise to reliably set up and manage your accounting, whether you are a local limited company or a multi-regional business expanding to Hong Kong.

On-time and error-free

Lean in into the years of experience of our certified accountants and get your accounts managed worry-free. We deliver our work on-time and without costly mistakes.

Experienced accountants

We have a clear understanding of the local laws and regulations and can confidently guide you through setting up the right accounting structure and maintenance for your business.

Regional specialists

Our footprint in Asia can help accommodate your business expansion beyond Hong Kong to five other markets in Asia and counting.

Not happy with your current provider?

Move your accounting to Acclime.

Switching from one accountancy firm to another doesn’t have to give you sleepless nights! We will take care of the entire process for you, from start to finish, starting with contacting your current accountant to request all the info we need to register with Inland Revenue Department (IRD) to act on your behalf. So you can focus on running your business.

Request a quote
FAQ

Common questions.

How much do accounting services cost?
Accounting services cost depends entirely on the number & complexity of transactions. Please contact our team for quotation.
How is statutory audit done in Hong Kong?
Companies Ordinance requires that a company’s directors must prepare financial statements for each financial year, and in respect of each financial year, lay the financial statements before the company in annual general meeting within specified period. For company’s first accounting period which is longer than 12 months, the specified period is 9 months after the first anniversary of incorporation or three months after the accounting period, whichever the later. Audit must be conducted by Certified Public Accountant and in accordance with Hong Kong Financial Reporting Standards.
When to consider outsourcing accounting services?
Every private limited company is required to prepare accounts annually as per Hong Kong accounting standards. If a company does not have an internal accouting team the work can be outsourced to a professional accouting services provider.
Ready to get started?

Make running your business in Hong Kong easier with our flexible and reliable accounting services.

Request a quote
Non-binding & confidential
Not sure where to begin?

Schedule a free 30-minute consultation
on starting & managing your company
in Hong Kong.

Winnie Li, Acclime Director

Get in touch with us
Reach us Monday – Friday
9 am – 6 pm (UTC+8)

+852 2151 2260

Email us

Services

Company

Resources

  • Business guides
  • Accounting & payroll guides
  • Tax guides
  • Immigration guides

© Acclime Hong Kong 2020 | Privacy policy

Hong Kong Change location Arrow