When starting a business, many people will think of private jets, sprawling mansions, sports cars, and designer suits. But this is a far cry from the truth. Owning a business
6 Tips for Working From Home Effectively
Some of us are fascinated with the idea of working from home, especially when it means we get to have more free time. The global pandemic has led us to
Quick Tips to Get Your Business Tax Ready
If you are running a small business online by selling products and services via Facebook, Instagram, Mudah, Lazada, Shopee, etc., and you have developed your own brand. In that case,
Understanding Cost of Goods Sold
Ask business owners what the term “Cost of Goods Sold” (COGS) means, and I am sure many would hesitate before answering. Business owners do know what it means, but it
Overcoming Site Visit Limitation for Auditing During Covid-19
The ravaging Covid-19 pandemic has caused challenges for the Malaysian auditing industry, as well as for many other businesses. Although the impact of the pandemic on the auditing industry is
Cash Flow Management Tips All New Businesses Should Know
The definition of “Cash Flow” is the amount of cash or cash-equivalent that your company receives or gives out, and analysis of the cash flow of a company can give
How Does Transfer Pricing Benefit Your Business?
Transfer pricing is an accounting practice that represents the price (based on market prices) that a parent company charges another division, subsidiary, or holding company, for goods and services rendered.
What Is the Difference Between Accountants and Bookkeepers?
Accounting and bookkeeping are two financial terms that are usually used interchangeably in the business world. These are two functions that are highly essential for every business organisation. Accounting is
Common Accounting Mistakes to Avoid
Accounting in any organisation is vital to ascertain profitability and growth. However, businesses that still use the manual bookkeeping method are opening themselves to a host of errors and financial
What is Bank Reconciliation?
Bank reconciliation is one of the essential ways of maintaining control of your business. Regardless of the size of your business, it is a crucial part of the accounting system
