Accounting for very small company

[goutnet]

Hi,

I created a side company Ltd almost a year ago, at this point it still looks more or less the same as consulting company… (not yet hired staff, and only 2~3 customers).

I plan to do my accounting myself, I am very familiar with French accounting system, but not really with HK system.

After months of google search (probably with wrong keywords), I must say I could not find any good documentation on how to perform your accounting yourself…

In France, everything is codified, each expense goes onto a specific account, and each account has its own number with dual entry system (we call this the PCG, standing for Plan Comptable Général, or General Accounting Plan in English). In the end, you do that with specialized software… that will usually cost you an arm and a leg (for commercial), or some time to setup (open-source). The nice part is those software usually automatically fill out the declarations (tax returns, balance statements etc…).

Arriving in HK now… I could not find anything like that, I can't find any codification for account neither any requirements of any kind…

Could anybody point me to the right documentation/requirements? (or simply give me the right google search)?

Also, does anyone use any good software to do this? (I am rather on the open-source team, so any open-source software would be preferred).

The goal is to have an accounting done in a way a financial auditor would be able to use (since you still have to go through an external auditor anyway).

Thanks a lot.

[Mrs. Jones]

Contact Sophie Nette at https://www.mangossl.com/mango/page5.html

Wonderful lady, very helpful.

[goutnet]

Original Post Deleted

Alright, that explains why I can't find anything

How do you communicate to the auditor? do you just hand a summary (expense/income) or do you have to provide some kind of report? Is there some kind of good practice/template?

[hellojello]

Remember to pay for your Business Registration and Companies Registry fees. I left out my CR fees and had to pay a hefty late fee