Hong Kong

Hong Kong Bookkeeping and Accounting Services

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Introduction

Operating a Private Limited Company in Hong Kong requires meticulous adherence to the financial frameworks enforced by the Companies Registry and the Inland...
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View Overview

Accounting & Bookkeeping

Documents required

1 .

Certificate of Incorporation and a valid Business Registration Certificate . (BRC)

2 .

Complete monthly bank statements, cheque stubs, and deposit slips.

3 .

Organised sales invoices, purchase orders, and expense receipts.

4 .

Payroll records and Mandatory Provident Fund contribution evidence. (MPF)

5 .

Contracts, agreements, and documentation for multi-currency cross-border transactions.

6 .

Previous year audited financial statements and Profits Tax Return filings. (PTR)

Highlights & Benefits

Full Companies Ordinance Compliance

Arnifi ensures all general ledgers, subsidiary ledgers, and source documents are maintained in strict alignment with Hong Kong statutory requirements, with records safely structured for the mandated seven-year retention period.

iXBRL Digital Readiness

Aligning with the IRD’s e-filing mandates via the eTax portal, we prepare financial statements and tax computations compatible with the required iXBRL format, ensuring faster processing and absolute accuracy.

Two-Tiered Profits Tax Optimisation

Accounting structures are designed to clearly identify assessable profits, maximising the benefits of Hong Kong's two-tiered tax regime (8.25% on the first HKD 2 million, and 16.5% on the remainder).

Accrual Basis Accounting

The team utilises double-entry, accrual-based accounting methods perfectly aligned with HKICPA standards, operating via secure cloud-based software configured for the Hong Kong jurisdiction.

Multi-Currency Management

The service seamlessly handles the reconciliation of foreign currency transactions alongside their HKD equivalents, ensuring precise reporting for businesses trading globally.

Process Flow

Accounting Assessment and Setup (1 to 3 days)

Arnifi reviews the corporate structure, charts of accounts, and multi-currency requirements to configure a tailored cloud bookkeeping environment.

Monthly Bookkeeping and Reconciliation (Ongoing)

Clients provide invoices, receipts, and bank statements. The Arnifi team logs daily transactions, maintains ledgers, and performs rigorous monthly bank reconciliations.

Management Accounts Preparation (Quarterly or Annually)

The accounting team generates periodic balance sheets, profit and loss statements, and trial balances to support executive decision-making and business planning.

Year-End Financial Statement Drafting (Annually)

Arnifi drafts the comprehensive annual financial statements (including directors' reports) in compliance with HKFRS or SME-FRS, fully preparing the file for the independent auditor.

Statutory Audit Liaison and IRD Filing (Annually)

Arnifi coordinates with a licensed Certified Public Accountant (CPA) to finalise the statutory audit and subsequently files the Profits Tax Return (PTR) with the IRD.

FAQs

How long must a Hong Kong company keep its accounting records?

Under the Companies Ordinance, all Hong Kong businesses must retain their accounting records and supporting source documents for a minimum of seven years.

Are audited financial statements mandatory in Hong Kong?

Companies that are actively trading must have their annual financial statements audited by a Hong Kong-licensed CPA under the Companies Ordinance. However, companies that are legally dormant or meet specific statutory reporting exemptions are not required to undergo a statutory audit.

When is the first Profits Tax Return (PTR) due?

The Inland Revenue Department (IRD) typically issues a newly incorporated company's first Profits Tax Return approximately 18 months after the official date of incorporation.

What is the iXBRL requirement in Hong Kong?

The IRD is implementing iXBRL e-filing in a phased manner. It is currently mandatory for in-scope MNE groups, with requirements progressively expanding toward a target of full mandatory e-filing for all businesses by 2030.

Terms & Conditions

All tax submissions and annual returns are subject to strict IRD and Companies Registry deadlines; late submission penalties remain the explicit responsibility of the company.
Accounting and bookkeeping services are tiered according to transaction volume and require the timely, sequential submission of source documents by the client prior to reporting cycles.
Arnifi provides accounting and audit coordination services; however, the final statutory audit must be conducted and signed off by an independent, Hong Kong-licensed Certified Public Accountant (CPA).

Pricing Details

Hong Kong Bookkeeping and Accounting Services

Normal service

USD 766

Total

USD 766

Arnifi Price

USD 766

Note: The payment is prepaid.

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Pricing Details

USD 766

Hong Kong

Hong Kong Bookkeeping and Accounting Services

Scroll to Documents Required

Introduction

Operating a Private Limited Company in Hong Kong requires meticulous adherence to the financial frameworks enforced by the Companies Registry and the Inland...
Read more

View Overview

Accounting & Bookkeeping

Documents required

1 .

Certificate of Incorporation and a valid Business Registration Certificate . (BRC)

2 .

Complete monthly bank statements, cheque stubs, and deposit slips.

3 .

Organised sales invoices, purchase orders, and expense receipts.

4 .

Payroll records and Mandatory Provident Fund contribution evidence. (MPF)

5 .

Contracts, agreements, and documentation for multi-currency cross-border transactions.

6 .

Previous year audited financial statements and Profits Tax Return filings. (PTR)