Review of Accounts
What is review of accounts and why is it imporant to my company?
Review of accounts is applicable when you have clerk doing the bookeeping for you but you are not sure if they are doing the right thing.
The bookkeeper might not experienced and do a wrong treatment to the accounts, we are here to check and spot then fix the issue!
What You Get
Checking
Check to the bookkeeping work done by your clerk.
Ensure the accounting treatment are in accordance with the Accounting Standards.
Advise and pass the necessary adjustment to the accounts.
Accounting
Review and prepare periodic financial statements which includes:
1. Balance sheet (Statement of financial position).
2. Profit or loss (Income Statements).
3. General Ledger.
4. Accounts receivables and payables aging report.
5. Trial balance.
What is the difference between "Bookeeping and Accounting" and "Review of Accounts"?
Essentially, both “Bookkeeping and Accounting” and “Review of Accounts” serve the same purpose of managing financial records. The key distinction lies in who handles the day-to-day transactions.
Under “Bookkeeping and Accounting,” we will take responsibility for recording daily transactions like sales, purchases, and expenses.
On the other hand, in the “Review of Accounts” service, our team will oversee the bookkeeping work done by your employees.
We’ll ensure accuracy and compliance with accounting standards by reviewing their entries and making any necessary adjustments.
Why choose us?
Our chartered accountants are certified members of the Malaysian Institute of Accountants (MIA), possessing the necessary legal qualifications and extensive training to provide top-notch accounting services.
How is pricing determined for this service?
Review of accounts fee is dependent on how often the review of accounts 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.