Do you feel constrained from carrying out your business as you would like because you have to get things done at the bank? If this sounds familiar, then do not
Accounting Terminology Every Business Owner Should Know
Have you ever felt like your accountant is speaking Martian? Do you get even more confused after each conversation with them? Well, that means you need to work on your
Why Should You Stop Using Excel Spreadsheets for Accounting?
It is common for business owners who are running small- and medium-sized enterprises (SMEs) to use Excel spreadsheets for bookkeeping. The underlying reasons for this phenomenon seem to be: 1)
When is the Best Time to Change Accounting Software?
So you’ve decided to switch to using accounting software for recording your business financial information instead of any other traditional accounting system, such as using spreadsheets or journals? The question
Trial Balance: How Does It Work?
The term “trial balance” may sound unfamiliar to most people, even to some who work in accounting. In fact, the trial balance is one of the essential elements in bookkeeping.
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
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.
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