Category: Bookkeeping

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 […]

Bookkeeping

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 […]

Bookkeeping

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 […]