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How does Hong Kong company transfer money to individual account?

Released Date: Jun 21,2022 Article Source: HUANZE

Many entrepreneurs registered in Hong Kong, the subsequent Hong Kong company account may occur with personal account transactions, such as: Hong Kong company accounts to individuals, there are customers often ask, how to do the account?

Many entrepreneurs registered their companies in Hong Kong, and thenHong Kong companyAccounts may occur with personal accounts, such as: Hong Kong company accounts to individuals, some customers often ask, how to do the account? My reply to this question is as follows.

Hong Kong companyTo account for the money transferred to an individual, we must first confirm the nature of the money transferred to the individual by the company, and according to the nature and the corresponding original voucher, we can make the corresponding account.

To illustrate,Hong Kong companyThe wages transferred to employees should be included in the company's wage expenditure, and corresponding payroll and transfer records should be provided. The travel expense reimbursement transferred by the Hong Kong company to its employees should be included in the company's administrative expenses or sales expenses. Depending on which part of the staff is on business trip, the travel expense reimbursement and corresponding original vouchers should be provided. The title of the voucher should be the name of the Hong Kong company. If it is a business trip for high-speed rail or plane, the name of the individual is usually on the itinerary, then the individual should be reflected in the payroll of the Hong Kong company. The commission transferred by the Hong Kong company to the non-employees of the company can also be included in the expenses of the Hong Kong company. The corresponding commission agreement, commission receipt and transfer record shall be provided, and the identity information of the individual shall be disclosed for large commissions.

In a word,Hong Kong companyIt is not impossible to transfer funds to individuals, the key depends on what is transferred to individuals, in order to determine what vouchers should be provided, which accounts in the company.

How does Hong Kong company transfer money to individual account?

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