Monthly bookkeeping

What happens each month

Once a month closes, we work through your bank and card feeds. Every transaction is categorised against your chart of accounts, receipts and invoices are matched to the right entry, and each account is agreed to its statement balance. Anything the records do not explain goes onto a query list rather than a guess.

Built with the annual audit in mind

Hong Kong gives no small-company exemption from the annual statutory audit, so the books we hand back each month are kept at a standard a practising Hong Kong CPA can work from directly at year end. That means consistent coding month to month, reconciled intercompany and director-loan balances, and a trial balance that ties out before it is needed.

MPF and payroll journals

Where your company runs payroll, we post the journals each month so wages, and the 5% employer and 5% employee Mandatory Provident Fund contributions on relevant income between HK$7,100 and HK$30,000 a month, agree to what actually left the bank. The MPF scheme trustee handles the contributions themselves; we keep the ledger consistent with them.

Reports you receive

Each month you get a profit and loss account, a balance sheet and the query list, in whichever of Xero, QuickBooks Online or Zoho Books your company already runs. Nothing moves to new software; the subscription stays in your name throughout.

Where to start

If the last few months are already reconciled, monthly bookkeeping starts straight away. If they are not, a catch-up clears the backlog first so the first monthly close is not also a cleanup job. See pricing for how monthly plans are structured, or book a call to talk through your current setup.