Accounting and bookkeeping are the backbone of sound corporate governance and informed decision-making. Accurate, timely, and compliant financial records are essential for providing clear management insight, maintaining investor confidence, and ensuring full regulatory compliance. However, maintaining a dedicated in-house finance function that can scale effectively with business growth can be a costly and resource-intensive challenge. Outsourcing your accounting and bookkeeping allows your organisation to focus on its core commercial activities, while entrusting your financial stewardship to a team of dedicated experts who can provide consistent controls and a predictable cost base. Zetland provides a comprehensive, partner-led accounting and bookkeeping service that is tailored to the specific needs of internationally active SMEs, high-growth companies, family-owned businesses, and the Asian subsidiaries of overseas groups. Each of our clients is assigned a dedicated accountant who takes the time to understand their unique business model and reporting cadence. We design a fit-for-purpose chart of accounts that is aligned to local accounting standards, implement practical and efficient workflows for document capture and approvals, and deliver timely monthly management accounts with insightful commentary that your management team can act on. Our approach combines disciplined, traditional bookkeeping with the efficiency of modern cloud-based platforms. We manage all the day-to-day transaction posting, bank reconciliations, accounts receivable and payable, and fixed asset registers. At month-end, we handle accruals, revenue recognition, and multi-currency revaluations, compiling a comprehensive management pack that includes a profit and loss statement, balance sheet, cash flow analysis, and variance reporting. At year-end, we ensure you are fully 'audit-ready', preparing all the necessary files and coordinating with your auditors to ensure all deadlines are met without surprises. With Zetland, you gain a scalable and expert finance capability that flexes with your business needs, backed by strong controls and jurisdiction-specific expertise. The outcome is assured compliance, enhanced quality, and more time for you to focus on your strategy, your business development, and your clients.
In Hong Kong, all incorporated companies are required by the Companies Ordinance to maintain proper books of accounts. Furthermore, the annual statutory audit is a mandatory requirement for most private companies, making disciplined and accurate record-keeping an absolute necessity. Our accounting and bookkeeping service in Hong Kong is designed to ensure you meet these obligations in a robust and efficient manner. We begin by designing a chart of accounts that is tailored to your business and is fully compliant with Hong Kong Financial Reporting Standards (HKFRS). We then manage your day-to-day bookkeeping, which includes the processing of sales and purchase invoices, the recording of bank transactions, and the maintenance of your general ledger. We utilise modern cloud accounting platforms to streamline this process, enabling efficient document capture and clear approval workflows. On a monthly basis, we deliver a full management accounting pack. This includes a profit and loss statement, a balance sheet, and a cash flow statement, all supported by detailed reconciliations of key accounts such as bank balances, accounts receivable, and accounts payable. This provides you with a clear and timely view of your company's financial performance. A key focus of our service is ensuring that your company is fully prepared for its annual audit. We maintain your books to a standard that is 'audit-ready' throughout the year. At year-end, we prepare a complete audit file, including all necessary lead schedules and supporting documentation, and we then liaise directly with your chosen audit firm to ensure the audit process is as smooth and efficient as possible. This meticulous approach not only ensures compliance but also provides a solid foundation of financial integrity for your Hong Kong business.
Singapore's reputation as a world-class business hub is built on a foundation of regulatory integrity and high standards of corporate governance. Our accounting and bookkeeping service in Singapore is designed to ensure your business adheres to these high standards. We maintain your company's accounts in full compliance with the Singapore Financial Reporting Standards (SFRS or SFRS(I)), providing a solid basis for your annual financial statements. Our team manages all aspects of your day-to-day bookkeeping, from processing transactions to performing monthly bank and credit card reconciliations. A key area of our expertise is the management of Goods and Services Tax (GST). We ensure that GST is correctly accounted for on all your transactions and that your accounting system is configured to produce the necessary data for your periodic GST returns, which we can also prepare and file on your behalf. We provide timely and insightful monthly management reports, giving you a clear picture of your company's financial health and performance. While many private companies in Singapore are exempt from a full statutory audit, they are still required to prepare a full set of unaudited financial statements for filing with the Accounting and Corporate Regulatory Authority (ACRA). Our service ensures that these financial statements are prepared accurately and in the required XBRL format for filing. This diligent approach to your accounting ensures that your Singapore entity remains fully compliant with its obligations to both ACRA and the Inland Revenue Authority of Singapore (IRAS), providing peace of mind and a robust financial framework to support your business growth.
The accounting environment in Mainland China is uniquely complex, with a strict regulatory framework that is closely intertwined with the tax system. Our accounting and bookkeeping service in Shanghai provides the essential local expertise to navigate this landscape successfully. A fundamental requirement is that all books of account must be maintained in the Chinese language and denominated in Renminbi, in accordance with Chinese Accounting Standards (CAS). Our bilingual team manages this entire process, ensuring full compliance with this core rule. A central feature of the Chinese system is the 'fapiao' (official invoice), which is managed through the Golden Tax System. Meticulous management of fapiao is critical for both accounting and tax purposes. Our team ensures that all your revenue is supported by correctly issued fapiao and that all your expense claims are backed by valid, verifiable fapiao. We conduct regular, detailed reconciliations between your general ledger, your fapiao records, and your periodic VAT returns to ensure complete consistency, which is a key focus of any tax inspection. On a monthly basis, we prepare a full set of financial statements in accordance with CAS. For our multinational clients, a key part of our service is then to prepare a supplementary management reporting pack that bridges the gap between the CAS-compliant statutory books and your group's own accounting standards, such as IFRS or US GAAP. This involves preparing all the necessary adjustment journals and providing a clear, bilingual explanation of the differences. This expert, on-the-ground support is vital for mitigating the significant compliance risks of operating in China and for providing both your local and international management with a clear and accurate picture of your financial performance.
Zetland Fiduciary Group operates a global network of offices to support clients across key international financial hubs. Whether you are seeking guidance on company formation, trust administration, accounting, or cross-border transactions, our local experts in Hong Kong, Shanghai, Singapore, and London are ready to assist.
Contact any of our offices directly for tailored advice and seamless service.