Category: Bookkeeping

Bookkeeping

Accounting Standards in Malaysia

The majority of registered companies worldwide are operating on International Financial Reporting Standards (IFRS); nonetheless, every nation has included some provisions according to their organisation needs. In Malaysia, the IFRS is re-named as Malaysia Financial Reporting Standards (MFRS) according to which, every business registered after January 1, 2003, has to comply with the MFRS. According […]

Bookkeeping

The Importance of Information Management System in an Organisation

Handling documents is an essential part of all businesses. It helps to facilitate the smooth operation of various other aspects of the business. Countless companies did not manage to pay sufficient attention to the documents or underestimated its significance to the company. A substantial and well-designed procedure of document management can bring about efficient and […]

Bookkeeping

Tips for Law Practices in Maintaining Proper Bookkeeping

It is very easy for an active law practice can get their bookkeeping shed in the hustle and bustle environment. The accounts of the law practice can be left in a constant state of neglect without a specialised bookkeeping function. Most attorneys are reluctant to maintain an endless stream of financial documents when they already […]

Bookkeeping

Ways Accountants Help in Counter Unpredictability

Today’s corporate atmosphere has filled up with a lot of unpredictability. Give it a thought, from the regular unpredictability of a company such as service warranty claims, lawsuits and the fluctuations in market problems, to expand commercial threats such as international politics as well as ecological modifications. What we do know for sure is that […]

Bookkeeping

Accounting – What are Entry Adjustments?

Entries adjustments are necessary journal entries that you make after the first cut of the trial balance. It meant to transform your company’s accounting documents to the accrual basis of accounting. The primary objective was to ensure your organisation’s Balance Sheet, as well as Profit and Loss, adheres to the accrual basis of accounting. The […]