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Hong Kong Accounting & Auditing service fees| From US$ 370

Hong Kong Accounting & Auditing service fees

From

US$ 370 Service Fees
  • Coordination and advice for setting up bespoke accounting systems
  • Bookkeeping and annual accounts preparation
  • Periodic management accounts and reports
  • Budget and cash flow preparation and forecasts
  • Consolidated accounts for businesses in Hong Kong

Overview

When conducting business and dealing with numerous transactions, clients need clarity in their financial affairs. To ensure compliance with Hong Kong statutory requirements Offshore Company Corp is able to act as third party services provider or an internal financial administrator, controller or accountant in full co-operation with clients’ headquartered financial staff and third parties as needed.

Taking care of a company’s financial related tasks by experienced professionals, our services include:

Process

Accounting process

Step 1
Transactions

Transactions

Transactions include the sale or return of a product, the purchase of supplies for business activities, or any other financial activity that involves the exchange of the company’s assets, the establishment or paying-off of a debt, or the deposit from, or paying out of money to, the company’s owners.

Step 2
Journal entries

Journal entries

The transaction is listed in the appropriate journal, maintaining the journal’s chronological order of transactions.

Step 3
Posting

Posting

The transactions are posted to the account that it impacts, and are part of the general ledger, where you can find a summary of all the business’s accounts.

Step 4
Trial balance

Trial balance

Calculate a trial balance at the end of the accounting period (quarter or year, depending on the business’s practices).

Step 5
Worksheet and adjusting journal entries

Worksheet and adjusting journal entries

Corrections or adjustments are tracked on a worksheet for the depreciation of assets and to adjust for one-time payments.

Post any corrections needed to the affected accounts once the trial balance shows the accounts will be balanced once the adjustments needed are made to the accounts.

Step 6
Financial statements

Financial statements

Prepare the balance sheet and income statement using the corrected account balances.

Step 7
Worksheet and adjusting journal entries

Closing the books

Closing the books

Auditing process

Step 1
Planning

Planning

Initial planning activities include formal acceptance of the client, verifying compliance with independence requirements and performing other procedures to determine the nature, timing, and extent of procedures to be performed in order to conduct the audit in an effective manner.

Step 2
Risk assessment

Risk assessment

Use their knowledge of the business, the industry and the environment in which the company operates to identify and assess the risks that could lead to a material misstatement in the financial statements.

Step 3
Audit strategy and plan

Audit strategy and plan

Auditors develop an overall audit strategy and a detailed audit plan to address the risks of material misstatement in the financial statements. The audit strategy and plan is continually reassessed throughout the audit and adjusted to respond to new information obtained about the business and its environment.

Step 4
Gathering evidence

Gathering evidence

Apply professional scepticism and judgment when gathering and evaluating evidence through a combination of testing the company’s internal controls, tracing the amounts and disclosures included in the financial statements to the company’s supporting books and records, and obtaining external third-party documentation.

Step 5
Finalisation

Finalisation

Finally, the auditors exercise professional judgment and form their overall conclusion, based on the tests they have carried out, the evidence they have obtained and the other work they have done. This conclusion forms the basis of the audit opinion.

Fee

Accounting fee

The Accounting fee is calculated based on the number of transactions and we assure to have the lowest fee compared to other companies in the market.

Amount(Transactions) Fee
Below 30 US$ 370
30 to 59 US$ 420
60 to 99 US$ 480
100 to 119 US$ 510
120 to 199 US$ 630
200 to 249 US$ 830
250 to 349 US$ 1,120
350 to 449 US$ 1,510
450 and Above To be confirmed

Auditing fee

Auditing fee is calculated based on the revenue of your Hong Kong company in a reporting period

Turnover (Million HKD) US$ Estimated Equivalent (*) Fee
Below 0.5 M Below 64,500 US$ 939
0.5 M to 0.74 M 64,500 to 95,999 US$ 1,070
0.75 M to 0.99 M 96,000 to 127,999 US$ 1,280
1 M to  1.49 M 128,000 to 191,999 US$ 1,650
1.5 M to 1.99 M 192,000 to 255,999 US$ 1,810
2 M to 2.99 M 256,000 to 383,999 US$ 2,050
3 M to 3.99 M 384,000 to 511,999 US$ 2,420
4 M to 4.99 M 512,000 to 640,999 US$ 3,450
Set up company in Hong Kong

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One IBC Club

There are four rank levels of ONE IBC membership. Advance through three elite ranks when you meet qualifying criteria. Enjoy elevated rewards and experiences throughout your journey. Explore the benefits for all levels. Earn and redeem credit points for our services.

Earning points
Earn Credit Points on qualifying purchasing of services. You’ll earn credit Points for every eligible U.S. dollar spent.

Using points
Spend credit points directly for your invoice. 100 credit points = 1 USD.

Partnership & Intermediaries

Partnership & Intermediaries

Referral Program

  • Become our referer in 3 simple steps and earn up to 12% commission on every client you introduce to us.
  • More Refer, More Earning!

Partnership Program

We cover the market with an ever-growing network of business and professional partners that we actively support in terms of professional support, sales, and marketing.

Jurisdiction Update

About us

We are proud your partner and operate in Leading Company Formation, Financial and Corporate Services Provider where clients need to achieve their objective international market. Our Solution. Your Success.