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Bookkeeping and
Accounting Service

Get peace of mind, our accountants handle your daily and monthly accounting, keeping you compliant and lowering tax where possible.

The Chinese Accounting Standards | Similar but Different

The Chinese accounting system follows the Chinese Generally Accepted Accounting Principle (GAAP) framework, also known as the Chinese Accounting Standards (CAS). These standards have been revised regularly and evolved over time and now they are quite in accordance with the globally recognized International Financial Reporting Standards (IFRS) & US GAAP. In spite of the several reforms, changes there are enough differences to pose challenges. It is important to realize that the process and standards are no different from most of the countries and accounting is nothing new. But clearly, adapting your business to the rules, regulations, and standards of tax and accounting in China is not straightforward.

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If you have recently opened a Chinese company, or are running one now, and need help with accounting, then this service is ideal as it includes the 'essentials' for handling your monthly and annual accounting.

The following elements make up this service:


Bookkeeping (amount charged will depend upon on business volume)

  • Accounting documents preparation, accounting books, registration and accounting statements compilation
  • Subsidiary ledger of fixed assets
  • Subsidiary ledger and general ledger of inventories’ quantity and amount 
  • Written feedback and communication of monthly abnormal items
  • Bank deposits balance, legality and compliance of original documents, rationality of financial data
  • Issue office Fapiao 5 times


Tax Declaration Service

  • Declare VAT and individual income taxes
  • Pre-declare corporate income tax and final settlement of annual income tax


Tax Filing

  • File Accounting books and tax declaration documents: Bookkeeper prints and file types of documents monthly and prints accounting books yearly


Tax risk management

  • Profit, goods turnover tax, and income tax management
  • Seasonal Balance Sheet and data analysis, adjustments and suggestions
  • Providing assistance when communicating with the local tax office relating to company's accounts
  • Providing tax advisor service and taxation self-checking advice
  • Make updates to company’s registered information (Does not include shareholder changes)


Banking Service

1.Arrange payment to local supplier and office expense,etc;

2.Handle bank reconciliation;

3.Handle the salary payment to local employee;

4.Handle foreign currency operation in the bank:

(1)Assist in preparing and reviewing contracts and invoices;

(2)Filing with the tax bureau (if applicable);

(3)Cooperate with bank due diligence;

(4)Apply to the bank for payment or collection of overseas funds.




Why Hongda Service?


  • The team has a strong comprehensive ability. We have many senior accountants and several CTAs (certified tax accountants). We have the strength of a team, not a single accountant;
  • The cost of financial outsourcing is far lower than the salary of hiring an accountant, and you can enjoy the services of a professional team, so that the financial work will never stop;
  • Design proprietary financial systems and processes for clients from an international and commercial perspective;
  • Financial software and financial statement display in line with internationalization, open viewing authority to customers, log in 24 hours to view the results of our accounting at any time.
  • Connect with the financial port of the overseas headquarters to assist the headquarters in merging reports and supervising financial data;
  • 50% of the customer service time is more than 12 years, Huanda will accompany your growth and provide timely solutions and data analysis, so that customers can make quick and accurate strategic decisions.



Consultation & Proposal

We (can) advise you on the best solution for your business model and send you our comprehensive proposal.


Signing & Payment

After reviewing the proposal, we sign the service contract and receive your payment.


Preparing Documents

We send you an application form as well as the list of documents we need from your side.


Take a Break

Sit back, relax and let us take care of everything from here on out.


Rest easy knowing that you have a team of professional accountants handling your bookkeeping and tax affairs. Fill out the form below to get a consultation on and proposal for this service.



Doing business with HONGDA is getting a share in our know-how, expertise and dedication. Our determination leaves our customers with peace in mind, as they know our passion and strive for perfection in all that we do.

To ensure that we keep pushing the boundaries of what our market can expect, we relentlessly strive for increased benefits of doing business with HONGDA. To declare our efforts, our daily work is based on 4 tangible, practical promises to our customers - and just as much to ourselves.



Sound United

Jack Peng
Sound United Vice President > Asia Pacific

Sound United la leading desianer and manufacturer of consumer audio products in the us) has been usina Honada Business Services since2013 Moving one's operations to China is not a small task, but Hongda's expertservices helped us set up a company and deal with tax issues so we could get on with qrowing our business inno time at a!l, and that's whywe continue to use them today.

Business service Guid

Hongda Business Services helps foreign businesses looking to establish in the PRD (Pearl River Delta, Guangdong), Shanghai and Hong Kong take advantage of everything that China has to offer. We typically work with companies in Shenzhen, Guangzhou, Zhuhai, Zhongshan, Shanghai, and Hong Kong.


How do I set up a company in Shenzhen or the PRD?

Prepare the shareholder certificate, letter of good standing from the bank. Find an office in China. Make the application (of course better find a professional agent in China to help you).

Do I need to have a foreign company to start a company in China?

No, you could also use your personal name to start the company in China.

What are the drawbacks of a WFOE / rep office / JV?

Rep.Office:High tax, could not hire Chinese employees directly.

WFOE/JV: Slow registration time.

The benefit of all is that if you aim to run a business in China, any will allow you to do so. 

Do I need to personally go to China to set up the company?

No, you dont. Hongda Business Services
can help you to do this while you are abroad.

Do I need an actual office space to register a WFOE / rep office / JV?

Luckily now, you dont. Hongda Business Services can provide the office address for registration. 

Which documentation do I need for a WFOE / Rep Office / JV?

Oversea investor's certificate, bank reference letter and office in China are the key documents for each company type. 


Waiting for us to contact you

Please let our China business service experts know your questions and requirements by filling out the form below. We will get back to you as soon as possible.