admin

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

Are you thinking about engaging an accounting firm in Johor Bahru for your business? Employing an accounting professional is not easy. Here are ten steps you need to do to pick the best accountant for your business. 1.    Pick an accounting professional from the start. If you are starting a new business, you have to … Read moreHow to Choose the Perfect Accountant for Your Business

Badly taken care of receivables is a typical cause of cash flow problems. Given that cash flow monitoring is vital to your business, you should not be too optimistic that all clients will pay their debt timely. Keep in mind that if your customers delay in making payments for items they got on credit, you … Read morePossible Ways For Receivables Management

People all around the world, including Malaysia, hope that one day they can become a successful businessman. In reality, only less than 15% of the businesses success. Sadly, most entrepreneurs face a very stiff challenge where a majority of them did not get over, that is the management of finance of the company (Also see … Read moreDifficulties That Must Be Overcome by Start-ups To Succeed