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Accounting & Bookkeeping Service
Accounting and Bookkeeping Services
What distinguishes bookkeeping from accounting might be the query that arises most frequently in the minds of persons who are not schooled in accounting. Simply explained, bookkeeping is the process of keeping track of all the financial transactions that take place on a regular basis in your company. Accounting, on the other hand, is used to summarize and categorize financial data for the purpose of reporting and interpreting, in order to determine the financial status of your company.
Every company needs bookkeeping and accounting because they not only satisfy legal and compliance requirements like filing taxes and reporting to shareholders. Additionally, accurate and proper bookkeeping and accounting will give you the information you need to make more informed decisions about your company’s spending, business investments, asset acquisition, and cash flow management.
We are confident that as a business owner, you would not want to be surprised with a fine or tax bill from the Malaysian Inland Revenue Board (Lembaga Hasil Dalam Negeri — LHDN) as a result of shoddy bookkeeping and accounting procedures. We completely comprehend your concerns as a business owner regarding cost-saving measures to reduce all business expenses and maximize the utilization of your resources to increase revenues. As a result, you do not need to hire a full-time accountant, which could be expensive for your company in terms of long-term wages, contributions to the Employee Provident Fund (EPF), and Social Security Organization (SOCSO). What is your best alternative after hiring a full-time accounting staff? The majority of business owners have trouble hiring knowledgeable, dependable account employees. The solution is to use an outside accounting firm!
As a result, every company needs accounting and bookkeeping services.
Top 5 Benefits In Engaging Our Outsourced Accounting and Book-keeping Services:
- Cost Effective
- Expertise on your side
- Eliminate the impact of employee turnover at your company
- Allow you to focus on your core business
Our firm not only writes up the book of accounts of its client but also provides advice on accounting system best suited to the clients’ business to ascertain the financial statements are generated accurately and on a timely basis.
The service encompasses:
- Bookkeeping and full set of accounts
- Back-log accounting
- Consolidation of accounts
- Project accounting
- Cash management