Hkaccounting

Welcome to HKaccount.ing, a boutique digital consultancy specializing in accounting, HR, sales, and operation process automation. Our aim is to help you improve your productivity by leveraging ready-to-use productivity SaaS and no-code AI automation. We understand the office software, email and instant message like WhatsApp had helped a lot in our daily work. However, most of us only turn the data from analog to digital, from paper to screen, without transforming ourselves to get familiar with various automatic operation procedures, which are already come together in the tools we worked with everyday. We are ready to uncover all those magic in your working environment, guide your practice towards productivity improvement. The first knowledge base system we developed is LSP Genie, a comprehensive solution designed to streamline the calculation of LSP number for proper accounting entries. The tool follows Approach 1 as illustrated in HKIPCA’s guidance (Approach 1: Account for the amount expected to be offset as a deemed employee contribution towards his LSP benefits in terms of HKAS 19.93(a)). The tool is engineered to handle the complexities of LSP accrual calculations, factoring in all the parameters included in HKICPA’s guidance, and we have put in some flexibilities in the algorithm to cater for the needs of individual companies.