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 […]
Category: 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 […]
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, […]
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, […]
How Can Good Accountants Help in Growing Your Business and Reducing Your Expenses?
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 […]
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 […]