There are lots of great accounting services in Johor Bahru, and there are numerous great company advisors too. A good accountant does not just work on doing your accounts and sending documents to the government, and after doing these, they have done their job. The great accounting professional in this era and space in this […]
Category: Bookkeeping
What is the Difference Between Balance Sheet and Statement of Affairs?
Small companies do not keep their account books according to the double-entry system. They only record cash and credit transactions. Nevertheless, these companies wish to know their business position at the end of the financial year. Hence, the statement of affairs is prepared at the start and at the end of the duration, to figure […]
Factors that Encourages You to Outsource Accounting Service
There are numerous areas of business that needs your attention when you run a company, and there are multiple parts of your employees that you need to look after too. Organisations are challenging to run, and handling individuals is also tougher than you think. It does not mean that you are paying them wages and […]
Affordable Marketing Strategies for Newly Incorporated Companies
Establishing the brand and creating the existence of the newly incorporated company in the competitive industry would be something which is prioritized by the startups (Also see Most Welcomed Business Trends In Malaysia). With a small amount of capital in marketing as well as the restricted supply of money, staff, materials and other assets, what […]
Bookkeeping Tips Which are Important for a Newly Incorporated Company
As soon as you set up a Sdn Bhd in Johor Bahru, you need to update your accounting books continuously to make the tax filing procedure easier. If you don’t, determining tax obligations will undoubtedly end up being a nightmare. The good news is, there are accounting systems that you can apply to automate different […]
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 […]
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 […]
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 […]
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 […]
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 […]