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.

More information about our accounting service and Xero accounting in Hong Kong.

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Client References

Chris and Bonnie at Prism have been an absolute pleasure to work with. They clearly explained the application process, assisted in drafting necessary documents and were always available to address any questions or concerns. We couldn't have asked for better consultants.

testimonial 1
Cinar, Karazona

Director, Organic Modernism Limited

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