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Introduction to non-profit accounting Non-profit accounting is a specialized field that deals with financial management and reporting of non-profit organizations. The primary objective of non-profit organizations is not to generate profits, but to serve a specific group’s needs. As such, non-profit accounting has different requirements compared to for-profit businesses. One of the critical roles of … Read moreChallenges and Issues in Non-profit Accounting

The aim of every business is to generate sales since it is the main source of earnings. Consequently, the net income usually is directly correlated with the company’s sales. As an example, the higher the sales, usually accompany with higher income. Hence, if you are unsure about it, do not hesitate to seek help from … Read moreWhat are the differences between Net Sales and Net Income?

Equity financing and debt financing are two common methods used by companies to raise capital. If accounting isn’t your forte, consider seeking the advice and assistance of an experienced accounting firm in Johor Bahru. Equity financing involves selling ownership in the company in exchange for investment. This means that investors become part owners of the … Read moreEquity and Debt Financing

Sales tax and income tax are distinctly separate methods of taxation, each possessing its own set of unique characteristics and implications. If you have any uncertainties about taxation (Also see What Should You Expect in Tax Audits?), consider reaching out to an accounting firm in Johor Bahru. Here are the key differences between sales tax … Read moreUnderstanding the Differences Between Sales Tax and Income Tax

Do you know that all the companies should submit an annual return to the Registrar for every calendar year? If you are still new to the world of business, you may not know this fact. You do not need to do so in the calendar year which you have just incorporated the company. However, after … Read moreAn Overview of Annual Returns

What would you do if your business is running short of funds for its daily operations? At this stage, you need to finance your business. The term “financing” refers to the process of getting funds for a company to run its business activities, purchase assets or make investments. There are two main types of financing, … Read moreAn Overview of Debt Financing