How Does Osome Support Hong Kong Companies With Bookkeeping?

Bookkeeping is the process of recording, classifying, and reconciling your company’s day-to-day financial transactions against bank statements. In Hong Kong, proper bookkeeping is mandatory for tax reporting and financial compliance, and it forms the foundation of all accounting and tax filings.

With Osome, bookkeeping ensures your business finances are accurate, audit-ready, and IRD-compliant.

What bookkeeping covers

• Sales of goods or services.
• Supplier and operating expenses.
• Tangible and intangible assets with depreciation and amortization
• Deposits and money transfers.
• Bill payments.
• Salary and bonus payouts.
• Tax payments.
• Monthly bank balances and reconciliations.

What Osome’s bookkeeping team does

• Maintains accurate and up-to-date financial records.
• Reconciles transactions with bank statements.
• Manages invoicing, bill payments, and payroll data.
• Prepares clean books for tax filing and year-end accounts.

Bookkeeping vs accounting (why both matter)

• Bookkeeping records daily transactions and prepares financial data.
• Accounting analyses that data, prepares tax filings, and produces statutory financial statements.
• Bookkeeping always comes first. Without it, accounting, and tax reporting cannot be done correctly.

Osome uses bookkeeping software and structured workflows to ensure your records are complete, traceable, and ready for profits tax reporting.