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Latest on Accounting

Importance of Accounting Service

The Crucial Role and Importance of Accounting Services

Accounting services are the backbone of any business, providing essential insights into the financial health of the company, facilitating decision-making, and ensuring compliance with vital accounting standards, such as Hong Kong Accounting Standards (HKAS). Understanding the importance of accounting services can make a significant difference in managing your business needs efficiently and effectively. Whether you’re … Read more

Role of Technology in Accounting

Transforming the Accounting Industry: The Crucial Role of Technology

The accounting industry has been significantly impacted by the advent of new technologies. From automating tedious tasks in bookkeeping (for example) to facilitating real-time access to financial information, the role of technology in accounting cannot be overstated. This blog post explores how modern technology is transforming accounting, emphasizing the value of embracing tech trends in … Read more

5 Easy Tips to Improve Accounting Accuracy of your Business

Introduction Follow these tips to stay compliant with the Inland Revenue Department (IRD) and prepare end-of-year financial statements quickly and easily.   After you’ve registered your company in Hong Kong, you’ll be able to start operating your business. But as you focus on daily growth and fighting fires within your operations, you start to neglect … Read more

Cash Flow vs Profit: What are the Differences?

Introduction No matter what business you are operating, many business owners especially those who are running e-commerce often focus on profits but ignore the importance of cash flow. Many people use the terms “cash flow” and “profits” interchangeably, but they are not the same. As an entrepreneur, it’s crucial that you differentiate between the two … Read more

9 Must-Know Bookkeeping Tips For Small Business

Understanding and monitoring your company’s finances as a business owner is critical to allowing your business to grow. This is why bookkeeping is so essential for any business. If you’re just getting started, the good news is that you can keep track of your finances yourself. If you’d rather devote more time to your core business, … Read more

Accounting or Bookkeeping? Which of them is needed for my business?

Oftentimes accountants are seen recording business transactions, handling payroll and keeping track of all business documents. At the same time they use the word “bookkeeping” to tag some of these tasks, and other times they use the term “accounting”. For business owners, this might be a little confusing as some may mistake accounting and bookkeeping … Read more

A Beginner’s Guide to Bookkeeping

Introduction Bookkeeping is a very important aspect of every business. Since most business owners are not accountants, they are usually worried about dabbling into this aspect without the right resources and guidance.   To support and create relief for business owners in this category, we have created this bookkeeping guide to ensure you are well-equipped … Read more

Integrating Xero With Your HubSpot CRM To Improve Your Business

Introduction The HubSpot Customer relationship management (CRM) and Xero integration simplify how companies manage and track their invoices, payment and billing processes. Choosing a CRM that works with your accounting software allows you to capture leads and create deals effectively to provide an accurate overview of your sales and sales process in your CRM dashboard. … Read more

Most Common Accounting Mistakes Business Owners Make and How to Avoid Them

Accounting is essential for all businesses but is often overlooked as a business grows. For instance, many business owners will take accounting responsibilities onto themselves during the initial stages of their company’s growth but fail to anticipate the impact their growth will have on their accounting needs going forward. In this article, we look to … Read more