OUR SERVICES
Accounting Services
When running a business, we need a comprehensive system to track all business transactions, i.e. incomes and expenses. Accounting and book-keeping was created when humans started trading as a means of keeping all busines activities in check. There are two types of accounting: finance accounting and management accounting.
Finance accounting consist of information that can be disclosed to the public by the company. Management accounting consists of non disclosure information such as salaries, cost of manufacturing, targeted profits and use of materials.
Bookkeeping Services
Book-keeping is a means recording, analysing and/or describing the trading process that involves financing of a business. A bookkeeper will prepare the financial statements for the accountant to carry out legal and tax management. An experienced bookkeeper will be able to prepare the financial record with accurate information based on the company’s operation in order for them to fully understand its operating status.
Accounts consolidation means the process of combining the financial records of the company subsidiaries with the parent company. This is especially important when the parent company holds a majority of voting shares in the subsidiary or if the parent company has control over the subsidiary’s contract. The parent company will make adjustments to the projects and removal of business trading between companies to prepare for consolidation of accounts. In other words, consolidation of accounts means the process of combining the assets, shares, debts and business accounts of both parent and subsidiaries into a single financial statement.
Implementation of Accounting System
A properly managed accounting system is a necessity for every company. A well designed and executed accounting system have the ability to record all relevant information reliably in the financial statements to achieve better financial management. There are many benefits of using a proper accounting system. One of it would be the ability of understanding the financial status of the company anytime. In other words, a good system apart from helping you save time and money, it will help you to grow your sales as well.
Preparation of unaudited Financial Statements
Based on the Malaysian Companies Commission’s (SSM) guidelines, financial audit may not be required by certain Private Limited companies. However, a properly audited financial statement is extremely crucial to a business. Generally, if the financial statements have not undergone an independent verification and review process, it is unaudited. In other words, the financial statement is unaudited as long as it is not verified and approved by any external auditor. Accounting firms provide services such as preparing unaudited financial statements and drafting of unaudited financial reports through affiliated auditing firms.
Freelance bookkeeper or Accountants
The rise of the gig and freelance economy has changed the face of the current economy. More and more employers tend to outsource corporate functions that are not directly related to income generation. Outsourcing has created an opportunity for long term business collaboration between both companies. This reduces operation cost, which is a win-win for both parties. By outsourcing a company’s accounts, the employer can easily adjust the level of service in order to satisfy every departments’ requirements. This way, cost can always be kept to a minimom. If you engage a Malaysian accounting firm’s bookkeeping service, we will appoint an accountant or consultant to collaborate in order to satisfy your accounting needs. Rest assured that you do not need to increase your budget to enjoy this additional service.
Malaysia’s recognised Sales & Service Tax Agent, Chartered Accountant and Consultant
In Malaysia, all businesses are required to submit tax return annually. A tax expert is someone with the experience and qualification to assist the taxpayer in handling all types of taxes (including sales tax). A tax expert is not a mere consultant but an expert in tax law, tax planning and tax compliance. He can formulate strategies that include all financial resources and management decisions from different perspectives such as accounting, taxation and even corporate sustainability, so that your business can achieve rapid and sustainable growth.
OUR SERVICES
AUDITING SERVICES
In Malaysia, you will be required to engage an auditor to audit the company’s account( Private Limited or Public Listed ).when you are operating a company
The audit is independent and is executed through a proper system to ensure that the company accounts, documents, receipts and details are legal and truthful when presented.
It is required by the law to ensure that the accounts and all related documents are stored completely and properly.
Auditing can also ensure that the accounts prepared by the directors are reliable and trustworthy. The stakeholders of the company are able to make decisions based on the references made in the audited report.
