Category: Bookkeeping

Bookkeeping

Steps to Start a Successful Business

As we all know, running a business is never easy, especially when you have little funds. However, this is not impossible, particularly if you begin with a business idea that lays out how your company can progress accurately. Undoubtedly, saying so might be easy, but doing so can be very challenging. It needs a lot […]

Bookkeeping

Straight-line Depreciation and Accelerated Depreciation

If your company has not engage an accounting firm in Johor Bahru, you probably want to know how to calculate depreciation. When you want to report and calculate depreciation, there are two accounting principles that you have to know, which are the matching principle (Also see Relationship Between Matching Principle & Accounting Period) and cost […]

Bookkeeping

Introduction to Statement of Cash Flow

The formal way of calling the cash flow statement is the statement of cash flows. It is among the primary financial statements. The other financial statements include the statement of detailed revenue, income statements, balance sheet, and statement of stockholders’ equity. As keeping these documents properly is vital for the healthy growth of your company, […]

Bookkeeping

Ways to Boost the Efficiency of Your Business

There is not even a moment that a business would stop operating, both literally as well as figuratively. Whether you like it or not, your business will cost you money and then generate revenue, just like a turning wheel that never ceases. Often, the cost is even higher than the income it brings in. However, […]

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 […]