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Introduction to An Accounts Payable Aging Report An accounts payable ageing report is a report which records all unsettled supplier transactions and uncleared debit memos according to their dates (Also see Introduction to Accounts Payable). The executive or payable department would be able to identify which supplier invoices are overdue or due for payment by … Read moreWays to Manage Accounts Payable Aging Reports

Managing a firm is not an easy job. Besides hiring an accounting firm in Johor Bahru to help with the tasks related to accounting in your firm (Also see Common Myths About Accounting Profession), attracting and keeping talents can be a tougher job. A set of rules that works for all firms to cater to … Read moreHow to Attract and Keep the Right Talent

When you think of freelancing, the most thrilling aspects are undoubtedly enjoying flexible working hours, having the right to manage problems in the way you like, as well as developing your client base on your own. Meanwhile, watching and handling your books is perhaps the only thing you do not find it interesting being a … Read moreReasons for Freelancers to Keep Track of Their Bookkeeping Records

Balance sheet, or referred to as position statement, reveals the company’s financial position on a particular date. It shows that all the ownership, i.e. owings and assets, and the company’s liabilities.  Profit & loss account, also called the income statement, discloses the revenue and expenses made by the company in a fiscal year. The balance … Read moreWhat is the Difference Between Balance Sheet and Profit & Loss Account?

Another year is going to end soon, whether you accept the fact or not (Also see Reasons for Freelancers to Keep Track of Bookkeeping Records). If you own a small company, you can celebrate the new year with assurance by completing some simple tasks now or you can consider getting assistance from an accounting firm … Read moreAccounting Tasks That You Should Complete Before New Year

Obtaining a bookkeeping service is something important. Taking the next action in expanding your company can be exhilarating, yet, it can be terrifying when you attempt to select the excellent service. Take a while to read this post, and this will lead you to the right way of selecting a suitable service, for suitable industries … Read moreFactors to Consider Before Selecting a Bookkeeping Service