Bookkeeping Services Johor Bahru

Every business has a general ledger: Cash at Bank account in the Balance Sheet that records every transaction that involves its current account. The bank also records the company’s current account which processes the company’s deposits, cheques, service fee and other items. At the end of the month, a bank statement will be sent to […]

Many people do not view the chart of accounts as important. There are many reasons you should consider preparing the charts of accounts. A chart of accounts means a list of the classifications that is utilized to group and arrange your business transactions (Also see Three Simple Ways to Manage Your Bookkeeping). The chart of […]

Let’s imagine that when we are purchasing some groceries, we queue at the cashier and pay for the groceries. We exchange our cash for the shop’s goods. It is a straightforward transaction. In the business world, nonetheless, numerous companies are willing to sell their services or products on credit. This is equivalent to the scenario […]

Accounts payable are a liability to a party, known as a creditor, in an open account, generally for purchases of services and goods. This is something often seen doing by the bookkeeping service in Johor Bahru. When a business orders and gets the items or services before paying, we state that the business is acquiring […]

Every business owner is required to record their transactions, regardless of the size of the business. This is because precise accounting helps to keep track of the cash flow in order to know the financial condition of the business. Nevertheless, business owners always understate the significance of an accounting professional and think that accounting and […]

When it comes to handling cash flow, being wise about financial record keeping would help to save a lot of effort and time. Nevertheless, many company owners do not know where to begin. To be wise in handling cash flow, you need to have a great accounting and bookkeeping system through outsourcing to our partner […]

Accounting mistakes occur from time to time, but they could be prevented through proper preparation and planning. It takes more time to fix an error than get the right amount at the very first time, but it is cheaper to find and remedy mistakes early in the task instead of waiting at the end of […]

There are three primary sections in a balance sheet, which are assets, liabilities and shareholder equity. If we understand the functions of each section and how they relate to each other, we can better understand the financial and economic condition of a business and also know its capital structure, especially when it comes to more […]

At the start-up level, it is simple for a small company owner to file transactions of the business. When the number and intricacy of the transactions rises, the owner attempts to handle it by asking educated buddies, family members or somebody he knows, to check out the matter.However, when the business goes beyond this amount […]

You will see a balance sheet when doing bookkeeping using an accounting software application or employed an accounting professional to manage your financial statement. The balance sheet, together with the statement of cash flows and Profit and Loss, offers the overview of a company’s financial standing. The balance sheet is used by investors and company […]