A Principal, Corporate Law, and technology specialist of a CPA firm in Hong Kong.
From 2018-03-01, under the Anti-Money Laundering and Counter-Terrorist Finance Ordinance (Cap. 615) of Hong Kong, a local or overseas entity, whether it is a person or a corporation, that provides trust and company services in Hong Kong must obtain a licence. This means anyone that helps you to form a company, or to provide nominee services or a business address in Hong Kong, must have an operator licence. We, Elite Accountants Limited, are a licensed service provider, providing services such as local and overseas incorporation, various nominee and business address services. Contact us to find out more.
I have a client who wants to migrate to Wave. As captioned, it is a registered charity here in Hongkong. For receiving donations, the accounting is simple, Accounting > Transactions > journal e… (View Post)1
In short, the article is correct. Strictly speaking, you do record a payment out of the bank account, and then a deposit into the cash account, and in double-entry bookkeeping, these two are Credit a… (View Post)1
I would create Invoices and Bills myself, then update bank transactions and journal entries, scan receipts, followed by bank reconciliation at the end of each statement date, Having said that, I must… (View Post)1
If the obsolete bank account appears under your Chart of Accounts, you can "freeze" it by selecting "Prevent further usage of this account" Go to Chart of Accounts, click on the p… (View Post)2