Bookkeeping & Accounting
How often the books are done matters more than who does them. In-house or outsourced, monthly or annual, what to keep, and how to keep the audit fee down.
8 articles
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Management Accounts vs Statutory Accounts: The Difference
Management accounts vs statutory accounts: how their purpose, standards and timing differ, why one business shows two profit figures, and why both matter.
About 6 min read
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Prepare Documents for Your Accountant: Year-End Checklist
Year-end documents your accountant needs, in eight categories: bank, income, expenses, payroll, assets, stock and more, plus the items most commonly missed.
About 6 min read
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Accounting Software vs Excel for Hong Kong Bookkeeping
Excel bookkeeping is lawful for a small Hong Kong company. See what spreadsheets can carry, five signals to move to software, and where switching goes wrong.
About 6 min read
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Monthly vs Annual Bookkeeping: Comparing the Real Cost
Bookkeeping once a year or monthly: what annual books really cost in lost visibility and tax planning, and when once a year is genuinely enough.
About 6 min read
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Separating Business and Personal Finances in Hong Kong
Mixing company and personal money creates a director's current account. Why the two must stay separate, the loan-to-director limits, and how to untangle it.
About 7 min read
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Accounting Records Retention: Hong Kong's Seven-Year Rule
Accounting records in Hong Kong must be kept seven years, but tax and company law count from different dates. See what to keep and whether e-copies qualify.
About 6 min read
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DIY Bookkeeping or an Accountant? How to Run the Numbers
DIY bookkeeping or an accountant? A formula to price your own time, four signs it is time to outsource, and the hybrid setup most Hong Kong SMEs use.
About 6 min read
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Hong Kong Accounting Standards: What SMEs Need to Know
Hong Kong accounting standards for SMEs: when revenue is recognised, how depreciation, inventory and bad debts work, and why all four change your tax.
About 6 min read
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