Why Outsource your Bookkeeping and Accounting Function to Pinetree?
At PineTree, we believe in empowering our clients by providing them with the Right Information at the Right Time for better business decisions. That is the essence of our Accounting Outsourcing services.
Welcome to Pinetree.
Hong Kong Bookkeeping Services.
Accountancy is crucial for business management and planning. Whether your business is in the start-up or prosperous stage, Pinetree’s diversified Accounting Services helps you meet your financial reporting requirements timely, conform to up-to-date accounting standards and manage your financial performance efficiently.
Monthly Accounting & Bookkeeping Services.
At Pinetree, our approach is to use our strong accounting and financial skills to provide appropriate accounting and audit solutions that suits our clients’ business needs, so that our clients can focus on their business development.
What we do:
- Maintenance of Accounting Books & Records.
- Preparation of periodic (weekly, monthly, quarterly) and annual financial reports.
- Provide periodic Management Reports which assists in corporate tax planning, strategic cost control and decision making for long term financial planning.
- Setting up of appropriate document management system
Section 51C of the Hong Kong Inland Revenue Ordinance requires every person carrying on a trade, profession or business in Hong Kong to keep sufficient records of his income and expenditure to enable the assessable profits to be readily ascertained and shall retain such records for not less than 7 years.
Failure to comply with the record-keeping requirements under Section 51C of the Ordinance shall be guilty of an offence and will be subject to a maximum fine of HK$100,000.
Ensure you comply with the rules and regulations and file your accounts and taxes on time. Our team works with companies from varied industries to manage accounts, prepare reports and stay current with the taxation rules.
We offer customised accounting packages based on the clients’ needs. Get in touch with us to find out more.
Highly recommended.
Janine Davidson
We don’t use anyone else.
Richard Park
Focus On Reporting.
A new employee joining your team is a special occasion. It would be very encouraging for the new employee to know that their payroll database is immediately set-up and ready for their first pay.
At PineTree, our ethos rests in providing valuable information to businesses. As a business owner, you are required to make business decisions every day. Having your financial data on your fingertips helps you evaluate your decisions pragmatically. We ensure that we understand your business and structure your MiS (Management Information System) reporting is relevant for you. This is complied with right from the implementation of the process and periodically reviewed.
Clearly Defined Processes.
Right from client on-boarding process to data collection and capturing to reporting we have very clear standard operating procedures. Our team is fully trained on our procedures. Be it migration from a different platform or transition from another service provider, we have the domain knowledge to ensure smooth delivery. We have our team trained on multiple software platforms and we are the Silver Partner of www.xero.com.
Complete solution under a single roof.
Be it a limited scope such as accounts payable outsourcing or widely extended scope including accounting outsourcing, accounts receivable outsourcing, accounts payable outsourcing, reporting, audit support and compliance, we can define the scope to suit your needs.
In accounts receivable outsourcing, we raise invoices to the client customers based on defined processes and set up automatic reminders that are send to the customers for collection follow-up.
In accounts payable outsourcing, we maintain bills payables, obtain payment approvals based on the bills due date and execute payments, which may either be cheques or online transfers. The process differs from one client to another.
Free yourself from administrative time.
As business owners, focussing on your business is of paramount importance. Product development, marketing, sales and sourcing are some of the core functions you need to focus on. Leave the routine accounting to us and take comfort in the fact that your accounts are being handled by a team of professionals who understand your business needs.
Trusted by the world’s fastest growing companies:
Compliance.
Businesses are required by law to maintain their books of accounts and retain the information for seven years. They have to get their books audited and tax returns filed. Our services ensures that you are always compliant with the laws of Hong Kong – such as taxation laws, regulatory requirements of SFC, IA etc., to the extent they relate to accounting and financial reporting. Avoid penalties by letting us take care of your compliance.
Value Added Services.
Whilst engaging us, you are not engaging just an accountant. You have in us, your business partner and soundboard. With more than 50 collective years of consulting experience, we can provide you insights into your business at both micro and macro levels. Our clients consult us while taking various decisions such as: expanding divisions, entering new markets, raising funds, hiring, make or buy decisions etc. While you may have the business insights, we can provide you the financial insights.
We assist our clients in their financial modelling exercise, annual budgeting and monthly MIS analysis.
I short, we function as your outsourced CFO, not just your accountant.
Our Process.
Our process commences with understanding your business, market, processes and the way your accounting is currently processed. Data capturing could be either through online data submission or just the conventional way of dropping the voucher files to our office.
The data is then digitised and captured into the accounting software. All reconciliations are completed and a trial balance review done by the process manager. Thereafter, monthly reports are provided to the management.
