The necessity of accounting

According to the tax law regulations stipulated in article 51 c in Hong Kong, each business in Hong Kong a certain industry, professional or business man, must be on their income and expenses in order to keeping enough records in English or Chinese, so that the industry, professional or business can easily assessable profits, and must be on the record about the transaction, or as a completion operation, keep the record for at least 7 years.Failure to keep specified records in accordance with the statutory requirements is liable to a maximum fine of HK$100,000.

Article 163 of chapter viii of the company law of the People's Republic of China stipulates that a company shall establish its own financial and accounting systems in accordance with laws, administrative regulations and the provisions of the financial department under the state council.Article 164 provides that a company shall prepare a financial and accounting report at the end of each fiscal year, which shall be audited by an accounting firm in accordance with the law.

Article 3 of the accounting law of the People's Republic of China stipulates that all units must set up accounting books according to law and ensure their authenticity and completeness.

Article 4 of the accounting standards for business enterprises - basic standards formulated and promulgated by the ministry of finance of the People's Republic of China stipulates that enterprises shall prepare financial and accounting reports.

All the above laws and regulations require that enterprises must set up accounting books to truly and completely record their business transactions and use them as the basis for tax returns.

The benefits of accounting

• 1.Timely organize the relevant contracts and documents of the company's transactions to make the company's operation more scientific and systematic

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• 2.Clarify the company's assets and liabilities, operating profit and loss and cash flow

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• 3.Timely discover and prevent employee fraud, embezzlement, loss pricing and other management abuses

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• 4.Discover hidden operational crisis and find solutions in time

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• 5.Familiar with the operation and development of the company

Smes companies outside the accounting work can be found with the professional system of accounting services company, the company not only can save hire full-time accounting personnel costs above 50%, and can get more loyal service, professional and high efficiency of account service management, to prevent from the accounting personnel is not professional financial and tax risk.

Accounting accounting service plan

• 1.The charge of the accounting service company is standardized, and the customer can estimate the expenditure according to the quantity of documents

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• 2.The company shall use professional and authentic general financial software to record enterprise accounting data, which can be permanently preserved

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• 3.Can prepare monetary capital journal, account subsidiary ledger, general ledger, cash account, bank account, receivable account and payable account, current account of purchase, sale and deposit, etc

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• 4.Prepare monthly bank cash balance sheet

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• 5.Professional contents of financial management including cost accounting, expense accounting, current accounting, profit and loss accounting, product sales benefit analysis and accounting can be provided

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• 6.Prepare statutory accounting statements, including balance sheet, income statement and notes

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• 7.Generate all kinds of management reports and analysis models, and establish self-service operation and management decision support schemes such as sales driving warehouse observation platform and boss operating driving warehouse observation platform