Accounting & BookkeepingKeep Your Business on the Right Track
COMPANY INCORPORATION
Accounting & Taxation
Audit & Assurance
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Know your finance status.
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Mitigate finance risks.
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Record business activities.
About Accounting and Bookkeeping in China
We will assist you in preparing the necessary information and do
Companies registered in China are required to prepare financial statements for monthly, quarterly and annual inspections, including balance sheets and income statements. CNY is the base currency for ledgers and financial reports. For companies using currencies other than CNY in their transactions, this foreign currency can also be used as the bookkeeping base currency. Foreign-invested companies can choose to use only Chinese or a combination of Chinese and a foreign language. And the accounting shall meet the Chinese GAAP.
Foreign-invested companies, including the legal representative, and finance manager, must take full responsibility for the validity, legitimacy, and completeness of financial statements. The books and records have to be retained for at least 15 years under Chinese law.
Our Services
We help you focus on running your business by taking away the affairs of managing your accounts. We will keep your books, reports, and compliance up to date and valid.
- Collaborating with the operating team of your company in the cloud-based system to synchronize sales & purchases with financial records, and enable the financial data to reflect the operating results accurately and timely.
- Collecting, sorting, checking, and filing all the original bills & invoices as well as other business-related information and supporting documents.
- Analyzing data and preparing ledgers & financial reports according to PRC GAAP, submitting in Chinese for tax filing and in English to the management with our comments on key issues on accounting and tax.
Frequently Asked Questions
The accounting books and reports must be in Chinese. It is difficult for non-Chinese speakers to manage accounting and bookkeeping by themselves.
Hiring a qualified accountant or a team is more expensive than outsourcing it to a professional agency.
We will assign a team rather than an accountant to work for you closely. You can find all the answers about accounting, tax, legal etc. as you need.
Xero, Quickbooks, Dear, and Zoho are indeed very popular accounting and bookkeeping systems globally. However, they are not designed to be consistent with Chinese accounting regulations.
We can do the accounting and bookkeeping in these systems for you to track the business. At the same time, we will use a system that generates suitable financial reports for tax filing.