Bookkeeping Services Johor Bahru

Revenue and retained earnings are two terms that one will usually see when reading the financial statements. Revenue forms an important part of the income statement, and it will also appear in the company’s balance sheet. Retained earnings, on the other hand, is the bottom line of an income statement and the accountants from an […]

According to the Companies Act 1965, all companies need to have an M&A (Memorandum and Articles of Association). Under the Companies Act 2016, the company constitution has taken the place of M&A. Thus, now, the M&A is known as the constitution as a whole. If you want to incorporate a company and you require a […]

Some people may think that accounting is all about recording transactions and calculating figures. This is just a tiny part of the use of accounting. In fact, there are many types of accounting, and they serve different purposes. Business owners can choose the types of accounting that their companies would use based on the scope […]

Thanks to the industrial and economic developments, accounting has been getting more and more specialised until it is split into many different categories. Among various types of accounting, there are some that the accountants from the accounting firms in Johor Bahru would use frequently, which include financial (Also see Steps of a Financial Statement Audit) […]

Companies limited by guarantee (CLBG) refer to public companies that are incorporated under a condition where the company constitution limits their principle liability (Also see Balance Sheet – Liability and Shareholders’ Equity Accounts) of their members to an amount that their members can undertake to contribute to the company’s asset (Also see Disposal of Fixed […]

Revenue refers to the income that a company has generated from its normal business operations. Its amount will appear in the top line of a company’s profit and loss statement, and to determine the net income (Also see Can You Differentiate Net Income and Net Sales?) that the business has earned, business owners should subtract […]

Capital expenditures refer to the expenses (Also see What Do You Need to Know About Ordinary and Necessary Business Expenses?) that a company has capitalised. These are the expenses (Also see An Overview of Revenue Expenditure) spent to acquire or build the assets the company requires. This type of expenditure will appear in the company’s […]

Depreciation (Also see Straight-line Depreciation and Accelerated Depreciation) is probably one of the terms that you will often hear from the bookkeeping firm in Johor Bahru when they are explaining to you how they are handling the accounting tasks related to the assets that you own. They will tell you that depreciation means the carrying […]

Revenue expenditures are the expenditures incurred during normal business operations, and the company will receive the benefit from those expenses (Also see How Can Good Accountants Help in Growing Your Business and Reducing Your Expenses?) in the same accounting period. These are the expenses the company has spent when producing or providing goods or services […]

When conducting human resource audit, the auditors from the audit firms in Johor Bahru will investigate each regulation of the company’s human resource department. Those regulations include recruitment and selection, compensation and benefits, the management of workplace safety and risks, as well as training and development. The human resource audit aims to identify whether the […]