Let the Chartered accountants help you prepare your bookkeeping, check the numbers, and optimize tax numbers according to the Hong Kong financial reporting standards.
At Fastlane, we embrace technology, that’s why we ensure to run all your accounting work through our cloud-based accounting platform, Xero.
As a Xero Platinum partner, FastLane group has extensive experience in helping companies to handle accounting work through the Xero accounting platforms.
Let the Chartered accountants help you prepare your bookkeeping, check the numbers, and optimize tax numbers according to the Hong Kong financial reporting standards.
At Fastlane, we embrace technology, that’s why we ensure to run all your accounting work through our cloud-based accounting platform, Xero.
As a Xero Platinum partner, FastLane group has extensive experience in helping companies to handle accounting work through the Xero accounting platforms.
Dedicated Account Manager Enjoy a dedicated account manager in Hong Kong to guide you through the |
Audit and Tax Filing
By letting us handle your accounting & bookkeeping, we can perform our |
Xero Cloud Accounting Software With our professional training and customized setup for your account, |
Monthly / Quarterly / Yearly Bookkeeping ServicesWith our various accounting plans, we are flexible and able to provide customized services to meet your business needs. |
Access to our Professional Payroll With our extensive experience and expertise,
|
Here are a few tips to give you an idea of the big picture:
“We have worked with FastLane now for several years, and see them as a vital part of our team. They are extremely diligent and responsive and provide truly world-class service in all their secretarial services, accounting, and auditing. I have already recommended them to several other companies who have also been delighted with their service. I strongly recommend them for any business looking to take the accounting load off your company, allowing you to focus on your customers and your business. Thanks to Tony, Michelle, and the FastLane team!“
Nigel Hawthorn, Managing Director
Treadfox International Limited
“Thorough and fast services, Fastlane did a great job handling my accounting work. The best is that they are one of the most affordable accounting services companies in Hong Kong. Highly recommended!”
Raindrop Technologies Limited
“Handling traditional bookkeeping and audit for many years. I cannot believe using Xero can make the process so much easier and faster. I no longer need to bring all physical documents around and have useful accounting reports anytime anywhere when logging into Xero. Thanks FastLane.”
Frankie Yiu, Central Japanese Club Limited
WHY FASTLANE?
Support businesses at every stage of business |
Provide expert payroll and corporate services |
Fully licensed professional accounting, auditing, and corporate services firm |
Awarded Xero Partner of the Year in Hong Kong |
Cloud accounting and Xero app advisor |
Trusted by over 500+ clients since 2013 |
All Hong Kong incorporated companies are statutorily required by the Companies Ordinance to audit their financial statements on a yearly basis.
These financial statements are essentially accounting documents prepared by a Certified Public Accountant (CPA) on behalf of a business, with the aim of providing financial accountability to the company’s stakeholders. For private companies, financial statements are not required to be filed on public records.
For corporate entities, financial statements are required and must be prepared, in order to comply with the disclosure requirements set out in the Hong Kong Companies Ordinance, Hong Kong’s Financial Reporting Standards, and the Rules of The Stock Exchange of Hong Kong Limited for listed companies.
The FastLane Group utilizes a cloud-based accounting software named Xero. Xero offers businesses a simple, yet powerful, way to manage their finances. Comparing with traditional accounting systems or Excel, Xero users can access their business finances wherever they are, collaborate seamlessly with other parties, and can even improve their cash flow through online invoices.
The FastLane Group is a certified Xero Advisor and Xero Platinum Partner. We recognize the importance of assisting small businesses and SMEs and are committed to helping our clients build better businesses. To affirm our position as a leading Xero Partner, the FastLane Group was awarded the Xero Award for Accounting Partner of the Year 2019!
We determine the number of transactions per month as the number of transactions conducted in a corporate bank account. This includes all deposits, withdrawals, sales invoices, and business expenses.
At the FastLane Group, we take special care not to double count transactions. For example, if a company transfers funds between different bank accounts, we count this as one transaction. We also take into consideration whether the company makes several receipts for one sales invoice, or has similar recurring transactions through merchant accounts (Paypal, Stripe, Payoneer, Neat, etc). Other service providers may not account for such transactions.
If you are unsure of how many transactions your company conducts in any given month, don’t hesitate to reach out to us at FastLane. We can review the necessary documentation to help determine!
Outsourcing accounting services in Hong Kong allows small businesses and SMEs to access and utilize more resources as compared to relying on in-house accountants. The key benefits of outsourcing accounting services to a professional accounting firm are as follows:
Cloud accounting is a better way to do accounting work. Unlike traditional accounting solutions, cloud accounting platforms are hosted on remote servers and make data and software accessible online anytime, anywhere, and from any device.
The greatest strength of moving accounting from offline to online is that it allows companies to manage and share access to their financial documents with their team, accountants, and bookkeepers – facilitating collaboration, transparency, and efficiency.
Yes. However, it is not recommended. Bookkeeping is an essential part of a business as they are responsible for managing the day-to-day accounts. For business owners who wish to devote their time to business generating activities, hiring a bookkeeper can ensure that they are able to do so.
According to Xero, without proper bookkeeping, “it would be easy for transactions to go unrecorded, left to pile up until the end of the financial period. Mistakes could be made and important details could be lost or forgotten”. Having a bookkeeper can lighten a load of a business, improving its efficiency.
Parties who require bookkeeping support but are not ready to completely outsource these related roles can consider setting up a Xero system. The FastLane Group’s cloud accounting services get you started with Xero, provide training on the system and manage all receipts you upload onto the platform!
As stated by Marc Benioff, CEO of Salesforce.com, “cloud computing is a better way to run your business”. Moving your accounting work to the cloud is no exception. Businesses who use cloud accounting platforms such as Xero can enjoy increased efficiency through automation functions, increased data security and improved financial control over compliance matters. In addition, cloud platforms are typically designed with scalability in mind, allowing users the ability to pick and choose which functions they want to pay for and utilize.