Accounting & Book Keeping

How will our service be beneficial to you?

 

Having problems hiring accounting staff?

Sick of staff turnover and the hassle of retraining a new staff?
No worries, we have it covered for you.  There will be no need to hire additional full-time accounting staff for your accounting job – leading to cost savings!
We offer continuous in-house (walk-in) or books-in accounting and bookkeeping services.
 

 

Need more focus on growing your business?

As our tagline goes, “Focus on growing your business, trust the accounting to us.”
You will get the peace of mind to focus more on your day-to-day operations and on expanding your business for generating more income!
 

 

Lost in the maze of accounting jargons and the ever-changing accounting requirements and compliance?

Trust the accounting to us. We have the expertise.

Our services include the following:

Job Scope What to expect
Bank Reconciliation We know how important your bank account is.

Here’s what you’ll get from reconciling your accounts:

✓ Identify unaccounted cheques, deposits and unauthorized wire transactions, if any.
✓ Detect and prevent any suspicious payments
✓  Have a clear picture of how your business is doing. You can’t really know unless all accounts are reconciled and properly accounted for on your financial statement.
✓  Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
Preparation of income statement Your income statement is the backbone of your business.

Having your income statement properly drawn up, you’ll be able to:
✓  Determine the operating performance of your business.
✓ Facilitate your budget – What areas of your business are over-budget or under-budget?
✓  Identify areas for improvements
✓  Track dramatic increases or decreases in your accounts.
✓  Determine your income tax liability.
Preparation of balance sheet A balance sheet gives you a snapshot of your business’ financial condition at a specific moment in time.

What is in it for you when your balance sheet is properly prepared:

✓  Quickly get a snapshot of the financial strength and capabilities of your business. For example in the event when:
·         Your receivables turnover increased – You may want to collect your debts more aggressively
·         Your payables turnover increased – Facing financial difficulties?
✓  Determine if your business is in a position to expand
✓  Determine if you need to take immediate steps to bolster cash reserves?

Plus point!

Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

If you are considering to expand your business and is in need of additional finance, you should really make sure your financial statements is drawn up properly!
General ledger entries and generating trial balance The general ledger is the core of your company’s financial records. Every transactions and details flows through the general ledger.

Do you know?

The Malaysian tax authority, Inland Revenue Board of Malaysia (“IRB”) may request to inspect your general ledger.  Any incorrect entries will raise suspicions!

Having us review your general ledger allows us to hunt down any discrepancies and incorrect entries in time to correct it.

Accounting services are rendered by our associated partners.