Enquiry

Accounting and Auditing

Enqiry Now

Or contact our accountants on (852) 3180-7878.

FAQ > Accounting and Auditing > P02

Q: What information are required for accounting work? View : 210
A:

Information required for accounting work to start:

Last year record

• financial statements and audit report
• tax demand note and corresponding
• Company information
• For limited company - the latest Company Registry annual return copy
• For unlimited company - a summary of partnership and share information

Bank account transactions

• Bank account list stating all bank accounts opened
• Bank statements
• Cheque book stubs
• Outward cheques copies (if any)
• Inward cheques copies (if any)
• Bank deposit and withdrawal record books (if any)

Income

• Invoice copies of sales just before year start and just after year end (for cut off verification purpose)
• Sales record book (if any)

Accounts Receivable (A/R)

• Invoice settlement record
• Outstanding invoice (unsettled) as at year end
• Outstanding invoice (unsettled) as at year end for those appear as at last year end (aged invoice over 1 year)

Expenses & Accounts Payable (A/P)

• Bills (or invoices) received during the year
• Unpaid bills as at year end
• Unpaid bills as at year end which appears as well in last year end
• Goods or services received but bills not received - amount and supplier list

Stock (if applicable)

• Stock list and value as at last year end
• Stock list and value as at this year end
• Stock purchase record during the year
• Stock movement record (in and out)
• Stock-take record as at year end

Salary and commission

• List of recipients with name, ID number, address and amount received during the year (including those resigned)
• MPF contribution record

Share this Question :
Related Questions :