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We, as an accountant running an accounting firm in Johor Bahru, always received queries from clients on what different financial statements aim to offer. Today, we will be sharing the key differences between the cash flow statement and the Balance Sheet. The cash flow statement is a financial statement that discloses the cash movement of … Read moreDistinction between Balance Sheet and Cash Flow

Working capital enables a company to sustain its day-to-day business (Also see Components of Working Capital). Insufficient working capital could result in interruptions in company’s business. Therefore, working capital is a vital part of running a firm successfully (Also see 4 Alerting Indications on Your Financial Statements). 3 Elements of Working Capital Stock + Receivables … Read moreWays to Improve Working Capital

Are you aware that you can make use of the financial statements of your organisation when making crucial choices? If you do not understand just how to prepare a financial statement, you might contract out any accounting firm in Johor Bahru to ensure that you can check your company’s efficiency. It is not an uphill … Read more4 Alerting Indications on Your Financial Statements

There are two major methods to record expenses and income. The timings and type of transaction decide which method to use. Let’s analyse cash accounting and accrual accounting to see the difference between these accounting methods. Cash Accounting The transactions are recorded when cash is obtained and accounted in the form of clients paying for … Read moreThe Difference Between Cash Accounting and Accrual Accounting

Accounting system plays a vital role in business start-up. If you are not an accounting professional, you are likely to perform poorly in accounting and bookkeeping system. Also, doing all accounting duties alone is not recommended especially when you want to plan growth strategies for your start-up (Also see Ways to Foster a Strong Accounting … Read moreAccounting Allies You Need for Your Start-Up

Businesses often need to deal with the need to invest significant amounts of money on assets that will be useful for several years. Here are a couple of examples: •    Equipment to enhance an unsafe work environment •    Equipment to check the consistency of items as requested by the client •    Equipment in packaging, labelling, … Read moreCapital Budgeting in Business Investments