Accounting and Book Keeping
Why should you outsource your accounting and book keeping needs to us?
Here are some common problems faced by many of our clients before engaging us:
- You have problems hiring accounting staffs
- Hard to maintain an internal finance department
- You need to focus on growing your business
- You simply do not know where to start
Our Services
We provide the following services for accounting and book keeping. Please contact us to know more about the services in detail.
01.
Bank Reconciliation
We know how important your bank account is, and above all, keeping your account in check. 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. It is only when all of your accounts are reconciled and properly accounted for on your financial statement, you will be able to see how well your business is doing.
- Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
02.
Income Statement
It is no doubt that your income statement is the backbone of your business. By 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.
03.
Balance Sheet
A balance sheet gives you a snapshot of your business’ financial condition at a specific moment in time. Find out 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. These are the people who are responsible in deciding how much credit to grant you.
If you are considering to expand your business and is in need of additional finance, then you should really make sure your financial statements is drawn up properly!
04.
General Ledger Entries & Trial Balance
The general ledger is the core of your company’s financial records. As 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 ledgers. Any incorrect entries will raise suspicions!
Therefore, having us review your general ledger allows us to hunt down any discrepancies and incorrect entries in time to correct it.
05.
Backlog Accounting
Are you having issues with backlog accounts and not knowing how to clear or solve it? Do you have problems closing your accounts in time for tax submissions?
We can provide you with solutions to clear your backlog accounts and to keep your accounts up to date. It is important to keep your accounts up to date and submit your taxes within the stipulated deadlines to avoid penalties and fines.
With this, we would like to emphasize on the importance of keeping good accounting records and documents.
06.
Other Services
There are also some other services that we do provide:
- Business start-up consulting.
- High level review of financial accounts.
- General business consulting.
Our accounting and book keeping service cover areas in Ipoh, Kampar, Tapah, Taiping, Chemor, Cameron Highlands, Sitiawan, Manjung, Bidor, Penang, Kedah, Alor Setar, Kelantan, Kuantan, Pahang, Perlis, Terengganu, Kuala Lumpur, Selangor, Melaka, Johor Bahru, Seremban and other areas in Malaysia. Contact us today!
What's Your Profile?
Let us know if you are approaching us as an Individual, Business Owner or a Company. You may read more about the services we cater to you according to your profile.
Individual
Salaried individual or a company director.
Small Business
Sole proprietor, enterprise or partnership.
Company
Sendirian Berhad or Private Limited Company.
Let's Connect, It All Begins Here.
Drop us a message via the contact form, or simply text or call our office number.