What is Bank Reconciliation? Bank reconciliation is a process that compares and matches the cash balance of your company’s balance sheet to your bank statement. This helps businesses identify the
Five Tips for a Smooth Year-End Accounting Closing
At the end of the year, many get into a festive mood and take some time off to relax. However, business owners and those who holds an accounting or finance
Benefits of Using Mobile Accounting Apps
Accounting departments of businesses around the world have witnessed significant technology advancements in recent decades. From desktop accounting software to cloud-based accounting software, technology has always focused on improving accuracy
Cloud Accounting vs. Traditional Accounting
Recently, more and more Malaysia SMEs started to devise innovative strategies in storing their accounting and financial information. Businesses are rapidly switching from traditional on-premise accounting method to cloud accounting,
PENJANA – Tax Relief and Stimulus for Malaysia
In a move to restart the nation’s economy, the Malaysian government initiated an economic recovery plan known as Pelan Jana Semula Ekonomi Negara (PENJANA) on June 9, 2020. The initiative
What is Petty Cash? The Malaysian Accounting Guide
Businesses of all sizes need cash in hand to respond to unplanned business needs as they arise. A cash fund set aside for this purpose gives businesses better control to
Effective Bookkeeping Tips for SMEs
Managing a small to medium enterprise is more than just stocking your inventory and generating sales. It also means recording and managing your business’ finance. Good bookkeeping practices allows businesses
Why is cloud accounting good for your business?
Cloud accounting software is an innovative form of bookkeeping that many business owners have benefited from in recent years. In a bid to improve operations efficiency and obtain a clearer
Find out how Financio can help your SME start-up from day one
Sustainability and global warming are key concerns for businesses with a social conscience globally. SMEs are springing up all over with innovative value-added approaches that are environmentally focussed. SeedFuel in
3 strategies to avoid Christmas burnout
Christmas time is fiscal year-end for many businesses. It is also a time to relax and take stock of the year that may have flown by. Christmas can be a
