Accounting Service

According to Inland Revenue Ordinance, every company is required to keep sufficient records to enable assessable profits to be readily ascertained. All records must be retained for seven years from the transaction date. Even after the company cease trading, the company record keeping obligations continue until the seven year period has expired. It is an offence not to keep adequate records. The company can be penalized for not doing so by being fined up to $100,000.

It is also important to keep the accounting book updated for management decision making.

Prism provides accounting service include the following scope:

Bank reconciliation statements

Prepare professional financial statement including Profit and Loss statement, Balance Sheet and Cash Flow

Prepare management accounts including trial balance, accounts payable summary, accounts receivable summary and other balance sheet account breakdown

Consulting on company accounting structure and policy set up

Maintenance of proper records and computerized system

Customize Financial Analysis

Consultation on company internal control

Arrange Independent Auditor

We provide monthly, quarterly, yearly book-keeping services to meet our clients' unique needs.

Client's Testimonials

Have received professional and helpful consulting services from Prism. Especially appreciated the calm and clear guidance from Shamsa. She has helped us navigate a complicated and stressful Immigrations process. Highly recommended!