Bookkeeping
Our bookkeeping services are designed to keep your financial records organized and up-to-date. We handle everything from daily transaction recording to monthly reconciliations, ensuring accuracy and compliance. With our meticulous approach, you can focus on growing your business while we manage your financial data. Our bookkeeping solutions provide you with the clarity and control needed to make informed financial decisions. Overall, Veritas will serve as a fully outsourced Chief Financial Officer (“CFO”) function.
Simplify your financial management with our bookkeeping services, keeping your records organized and up to date.
Our Solution
- Preparation of General Ledger, Trial Balance
- Preparation of Profit and Loss Account, Balance Sheet
- Maintenance of Fixed Asset Register
- Detailed explanation of accounting records
Value-added Services
- Tailor-made financial analysis for management reporting
- Additional management account schedules with detailed breakdown
- Budgeting, variance analysis and cash flow forecasting
- Assistance with business plans and operational control
- Pre-assessment of financial impact on complex transactions
And more…….
Tips
Section 51C of the Inland Revenue Ordinance (IRO) requires every person carrying on a trade, profession or business in Hong Kong to keep sufficient records in the English or Chinese language of his income and expenditure to enable the assessable profits to be readily ascertained.
Additionally, these records must be retained for a minimum of seven years. Non-compliance with this requirement, without a reasonable excuse, may result in a maximum fine of $100,000.
According to the “Guide to Keeping Business Records” issued by the IRD, it is permissible to keep business records in electronic format. However, original source documents such as cheque stubs, invoices, bank deposit slips, and bank statements must still be kept to validate the taxpayer’s income and expenses. If a source document is created electronically, it qualifies as an electronic record and does not need to be converted into paper form.
Veritas gives a lot of insights on corporate risks such as tax risk, operation risk, financial risk etc…….which greatly improves our risk management. Greatly recommend to other SME bosses!
Veritas helps me a lot on those tedious compliance stuff, so that I can focus on company operations and boost business performance.
Our Competitive Advantage
Accurate input and output
Ensure the deliverable reports are error-free and easy to understand by various parties.
On-time delivery of services
Never miss any statutory deadline and client internal reporting requirement.
Tailor-made solutions
Fit requirements to various stakeholders from different industries, from traditional to modern.