Accounting

Being an entrepreneur managing a small company is challenging. Small proprietors always have this assumption that they can handle the accounting properly on their own, given their business operation are minimal. There is undoubtedly a minority of them can do it, but for most of them, seeking an accounting service would certainly be a wiser … Read moreValue Adding Services Provided by Accounting Firms

In today’s dynamic company processes, worries about accounting might have given lower priority in the day-to-day operation. Nevertheless, you certainly agree that accounting is a crucial method for gauging the efficiency of your company. You are highly advised to utilise the services of an accounting firm in Johor Bahru if you do not have a … Read moreTypical Accounting Errors You Want To Avoid

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