Accounting & Bookkeeping
What is the difference between accounting and bookkeeping?
Accounting refers to analysing, interpreting, classifying, summarising and reporting of financial data.
Bookkeeping refers to comprehensive recording and safekeeping of financial data but it does not interpret or analyse such financial data.
What You Get
Accounts set-up
- Assist in developing accounting frameworks or policies to govern the preparation of financial statements for your company.
- Establish the Chart of Accounts, which outlines all the accounts maintained for your business.
Bookkeeping
- Record and keep your book of accounts updated. These include:
- Income and expenses in accordance to SST/GST and LHDN requirements.
- Record of receipts and payments transaction
- Capital expenditure and financial repayments.
- Periodic provisions and journal entries.
- The information capture in the system for the above transaction includes: Date, document number, description of transactions, amount and SST/GST (if applicable)
Accounting
- Preparation of bank reconciliation on periodic basis.
- Maintenance of fixed assets register or schedule.
- Review and prepare periodic financial statements which includes:
- Balance sheet (Statement of financial position).
- Profit or loss (Income Statements).
- General Ledger.
- Accounts receivables and payables aging report.
- Trial balance.
SST/GST Returns (If applicable)
- Prepare and check before submitting to Royal Malaysian Customs Department.
- Preparation e-filling of SST-02/GST-03 returns.
Administrative and filing of source of documents (Optional)
Proper organisation of source documents is crucial for accounting and tax compliance.
We offer indexing and filing services, along with acting as a liaison with auditors and tax authorities to ensure smooth submissions.
Let us handle the paperwork, allowing you to focus on your business.
- Sorting and filing of source of documents based on nature and time.
- Prepare listing of claims documents on a periodic basis.
who we help
Start-up businesses
We provide expert guidance to streamline your startup process, including assistance with tax deadlines and regulatory compliance, ensuring you get up and running swiftly and smoothly.
Solo entrepreneur
You’re not alone in this journey. We understand the demands of your operation. Count on us to manage your accounting, finances, and compliance, freeing you to focus solely on driving your business forward.
Small and Medium Entities
We provide a professional accountant’s perspective on accounting, finances, business strategies, and taxation matters. By adeptly managing tax planning and offering operational insights, we aim to optimise profitability for your business.
What you should do if you engage us
- Basically, all you have to do is help us understand how your industry and business work initially.
- After that, you just need to gather all the necessary papers like invoices and receipts and give them to us, either in paper form or electronically. Then, we’ll handle everything else from there.
How is pricing determined for this service?
The accounting and bookkeeping fee is dependent on how often the accounting & bookkeeping is required (monthly/quarterly/yearly basis).
For the actual figures, they’re determined per case. Therefore, we advise you to speak with our representative to get a precise quotation for the services that actually need from us.