How Much Does Bookkeeping and Accounting Cost in Hong Kong?

Each provider sets its own fees for bookkeeping and accounting, so any figure you read online should be treated as a rough guide.

Main drivers

1. Volume: number of invoices, bills and bank lines per month.
2. Document quality: missing receipts and unlabelled transfers mean more questions and more time.
3. Complexity: several bank accounts, foreign currencies, stock, fixed assets, group companies, director loans.
4. Payroll: headcount, MPF administration and employer returns.
5. Frequency: monthly bookkeeping versus a year-end catch-up.
6. Backlog: rebuilding old years is slower and costlier than keeping up.
7. Reporting needs: management accounts, budgets and lender packs beyond the statutory minimum.
8. Standard applied: full HKFRS usually needs more work than a simplified framework.

Related but separate costs: audit fees, profits tax computation and filing, and company secretarial fees are separate services.

How to control cost

• scan or forward documents weekly;
• use consistent naming and one shared folder;
• reconcile monthly;
• give your accountant a written list of unusual transactions.

Always request a written scope that says what is included, how many transactions are covered, and what triggers extra fees.