Accounting and Bookkeeping

According to Section 51C of Hong Kong Inland Revenue "Taxation Ordinance", a company must keep its accounting records for no less than 7 years. RICH TAX ACCOUNTING SECRETARY LIMITED tailor made for each client in accordance with their industries area with specification accounting and bookkeeping services which enable them effectively in meeting the accounting requirements.

Our professional accounting services are managed by experienced accountants, who use professional accounting software for bookkeeping and perform accounting duties to enable our customers experience our high-quality accounting services and ensure that customers enjoy the following benefits:

• 1.Reduce client’s accounting costs effectively
• 2.Accounting records can be kept for a long time
• 3.The information is properly handled and kept strictly confidential

Our team can provide you with the following assistance:

Corporate Transaction Bookkeeping

Keep proper and on time records of daily transactions（eg sakes abd purchase）.Assist in , account classification and bank reconciliation which ensure corporate h a proper accounting system financial reporting. This is an important pace for financial accounting and business management. High quality bookkeeping will enhance the effectiveness of the financial reports.

Preparation of financial statements and financial reports

Financial statement is presented in a structured form and usually includes:

• 1.Balance sheet composed of company assets and liabilities
• 2.Income statement composed of the company's income and expenses
• 3.Cash flow statement, shows the changes of balance sheet items and income which affect cash and cash equivalents
• 4.Financial statements may also accompanied by discussion and analysis of survey results, which are vital to the future plans of the company.

Budget preparation and company evaluation

Budget preparation and reporting are used to provide forecast to the future performance of the company.Company Evaluation tools used to analysis the pro-and con against the actual performance of the company so as to achieve better performance in the future.

Our professional team can provide company with professional advice on how to improve the accounting process, thereby minimizing the occurrence of errors and enhance the effectiveness in financial reporting.

Budget preparation report includes the following elements:

• 1.Forecast the Company's incoming and outgoing cash flow
• 2.Forecast the company’s use of available funds for expenditures
• 3.Forecast and assess how to manage and use the funds to achieve business goals effectively.
• 4.Forecast and make recommendation on internal financial and accounting processes

Management on Invoices, receipt, vouchers and supporting documents- so call "invoice management"

Invoices management is essential to ensure the payment and receipt for a business corporate functioned in an efficiency manner and on a timely basis, which increases and creates reliable and effective cash flow. Invoices management is an internal business function related to sales and procurement, responsible for the management and processing of invoice documents from suppliers and customers. This process usually involves: receiving and issuing invoices, verifying invoices, approving payment, and properly filing invoices for future reference.