Cloud Accounting & Financial Reporting in Hong Kong
How can Woodburn help you?
We are a tech-enabled firm offering professional accounting and financial reporting services in Hong Kong. We support your company's growth, from startup to global expansion, providing customized solutions to meet your unique business needs. We facilitate and introduce our customers to cutting-edge cloud-based accounting software systems, allowing you the autonomy to build efficient and effective organizations in Hong Kong. We give you the transparency and ease of growing your business by providing complete access to the cloud accounting system that you choose. We relieve you of the burdens of bookkeeping and accounting compliance. Our team of accounting experts will ensure the maintenance of your books, preparation of financial reports, and fulfillment of compliance requirements, keeping everything current and in good health.
Breakdown of our Services
Select the accounting services that suit your needs and pay according to transaction volume. Some clients engage with us monthly or quarterly, while others prefer annual reports. Our proactive accountants will consistently notify you of critical deadlines and recommend actions, ensuring you avoid missed deadlines and penalties. We utilize QuickBooks, Xero, and Peachtree, providing simultaneous access for both you and us. Optionally, you can input transactions yourself to reduce bookkeeping expenses.
The best accounting software for your company will depend on the size of your business, your needs, and your budgeting requirements. If you are debating which accounting software to use in Hong Kong, it may be best to sign up for the free trials so you can see for yourself whether the accounting software has the features you need, is easy to use and saves you time.
If you require assistance on cloud accounting and financial reporting issues in Hong Kong, our team can advise on the best course of action for you.
Bookkeeping Services
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You have the option to choose where your bookkeeping takes place: either at your location or ours. Initially, we will establish your books and all necessary ledgers for your business using Quickbooks, Xero, or Peachtree. Subsequently, we'll support your company by maintaining monthly, quarterly or annual bookkeeping. This includes processing approved payment vouchers, claim forms, bank statements, bank-in slips, bank credit and debit advices, and other relevant accounting source materials provided by your management.
Financial Reporting
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We handle the preparation and submission of monthly, quarterly or annual accounts, including Trial Balance, Income Statement, Balance Sheet, and Bank Reconciliation, to both your local office and headquarters for approval. Additionally, we offer the option to provide bank signatories if needed.
Annual Accounts
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We will compile the year-end financial statement using the monthly or quarterly accounts we've managed, or alternatively, we can utilize your current financial records to generate the annual accounts. Additionally, we can provide recommendations for a suitable auditing firms for your business.
Vendor Payments
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We offer comprehensive finance department services to manage your funds effectively. This includes receiving and reviewing incoming invoices from vendors, obtaining approval from your personnel, and processing payments according to an agreed-upon schedule. Let us streamline your financial operations so you can focus on growing your business.
Asia Direct Trade Services
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We offer invoicing and back-office administration services for international cross-border business ventures, eliminating the need to establish operations in Hong Kong. Through a Hong Kong-based entity, we prepare invoices on your company’s letterhead and bill the purchaser for goods shipped directly from suppliers in Asia. We handle supplier payments and collect funds from purchasers on your behalf, ensuring efficient and seamless transactions.
Schedule a 30-mins complimentary, no-obligation call to see how Woodburn can help you. Book a call with our Head of Business Advisory - Kristina Koehler-Coluccia.
Topics we can advise on include:
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Your Hong Kong bookkeeping and accounting needs
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The importance of a a cloud-based accounting software in Hong Kong
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Implementation of your tailor-made ERP system in Hong Kong
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Our service fees
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The ongoing Hong Kong administrative services
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Woodburn's advantage
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And the next steps
Our calls are automatically scheduled via Zoom - or via Teams, WeChat or WhatsApp upon direct request.
Our advisory calls are available from Monday-Friday from 8am to 5pm CEST and Wednesday until 9pm CEST.
How to get started with Woodburn
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