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Keep your books
Accounting in Hong Kong
You will learn how to keep your books, read your financial statements and hold the records the law requires.
- 8 courses
- 52 lessons
- Each lesson about a minute
Course 1
Know your record duties
6 lessons · 7 min
- 1Bookkeeping vs Accounting in Hong Kong: What Is the Difference?
- 2Is a Hong Kong company legally required to keep accounting records?
- 3What Records Must a Hong Kong Company Keep? Section 373 Checklist
- 4What Does Section 51C Require from a Hong Kong Business? (IRD Records)
- 5Does Business Registration Cover Bookkeeping in Hong Kong?
- 6Penalties for Not Keeping Accounting Records in Hong Kong
Course 2
Set up your books
6 lessons · 6 min
- 1How to Set Up Accounting When Starting a Hong Kong Company
- 2Should a Hong Kong company use cash or accrual accounting?
- 3Chart of Accounts for a Small Hong Kong Business: How to Set One Up
- 4How to Choose Accounting Software for a Small Hong Kong Business
- 5Bookkeeping in Hong Kong: Do It Yourself, Hire or Outsource?
- 6How Much Does Bookkeeping and Accounting Cost in Hong Kong?
Course 3
Pick your year end
7 lessons · 7 min
- 1What Is a Financial Year End in Hong Kong? (Accounting Reference Date)
- 2How do I choose the financial year end for a new Hong Kong company?
- 3How long can a Hong Kong company's first financial period be?
- 4Can I change my Hong Kong company's financial year end, and how?
- 5HKFRS, HKFRS for Private Entities or SME-FRF: Which in Hong Kong?
- 6What Is SME-FRF and Who Can Use It in Hong Kong?
- 7Who can use HKFRS for Private Entities in Hong Kong?
Course 4
Keep your books monthly
7 lessons · 7 min
- 1How often should a Hong Kong company update its books?
- 2How to Record Accounts Receivable and Payable in Hong Kong
- 3Bank Reconciliation: Why Hong Kong Businesses Should Do It Monthly
- 4How to Account for Fixed Assets and Depreciation in Hong Kong
- 5Accounting Depreciation vs Tax Allowances in Hong Kong
- 6How to Account for Inventory and Stocktake in Hong Kong
- 7What are management accounts, and does a Hong Kong SME need them?
Course 5
Pay your staff right
7 lessons · 8 min
- 1How do I account for payroll and MPF contributions in Hong Kong?
- 2MPF Minimum and Maximum Relevant Income in Hong Kong (2026)
- 3MPF Contribution Deadline and Late Payment Penalties in Hong Kong
- 4What Is a Director's Current Account in Hong Kong?
- 5Can a Hong Kong Company Lend Money to Its Directors?
- 6Risks of Mixing Personal and Business Money in a Hong Kong Company
- 7Is a Hong Kong Director Personally Liable for a Bookkeeper's Poor Records?
Course 6
Store your records safely
6 lessons · 8 min
- 1Which documents should a Hong Kong business keep for its books?
- 2How Long Must a Hong Kong Company Keep Accounting Records? (7 Years)
- 3Can Hong Kong Accounting Records Be Digital or Scanned?
- 4Where Must a Hong Kong Company Keep Its Accounting Records?
- 5Must You Keep Records After a Hong Kong Company Is Dissolved?
- 6Can a Hong Kong Company Director Demand Copies of the Accounting Records?
Course 7
Prepare your yearly accounts
8 lessons · 8 min
- 1Deadline to Send Financial Statements to Members in Hong Kong
- 2What do a Hong Kong company's annual financial statements include?
- 3What is a directors' report in Hong Kong and who signs it?
- 4What Is Simplified Financial Reporting for Hong Kong SMEs?
- 5What are the size thresholds for a small private company in Hong Kong?
- 6Small Group and Eligible Private Company Tests in Hong Kong
- 7Who prepares and approves a Hong Kong company's financial statements?
- 8How should I prepare my company's books before the annual audit in Hong Kong?
Course 8
Handle special situations
5 lessons · 6 min
- 1How to Catch Up When a Hong Kong Company's Books Are Years Behind
- 2How to Switch Accountants or Bookkeepers in Hong Kong: Handover Checklist
- 3What accounting duties apply to a dormant company in Hong Kong?
- 4How to Keep Books in HKD, USD and RMB for a Hong Kong Company
- 5Can a Hong Kong Company Report in USD or RMB Instead of HKD?
