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Here is What You Need To Know for Budget 2021 As Malaysians

Here is What You Need To Know for Budget 2021 As Malaysians

Malaysia's Budget Allocation 2021 Malaysia’s Finance Minister Tengku Zafrul Aziz has announced the Budget 2021 on November 6 and according to Bernama and Reuters, a total of RM 322.5 billion has been allocated for 2021 (RM 7.8 billion more than 2020). The pie chart...

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Top 10 Payment Terms in Malaysia

Top 10 Payment Terms in Malaysia

In a previous blog article published in May 2020, we have explained in detail about the importance of an invoice and what are important details that must be included in your invoice. An invoice is an important document that provides information to your customers so...

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Examples of Financial Reports

Examples of Financial Reports

Financial reports, also known as financial statements or finance reports hold pivotal data that helps business owners make important decisions. Apart from business owners, creditors, shareholders, and market analysts also rely on information contained within financial...

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Inventory Valuation Methods

Inventory Valuation Methods

A company’s inventory is arguably its biggest and most important asset as it includes all materials, items, goods and merchandise that a company has in stock while waiting for sales completion and order fulfilment. Because the inventory is part of a company’s asset,...

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Inventory Management System For Ecommerce

Inventory Management System For Ecommerce

If you are having a hard time to keep track of your stocks, you are not alone. Many e-commerce businesses, especially big ones had to increase warehouses to keep all the inventories in one place. However, due to the increase in numbers of warehouses, businesses are...

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What is bank reconciliation?

What is bank reconciliation?

A bank reconciliation is a document that compares the cash balance on the balance sheet of a company with the amount on its bank statement. The reconciliation of these two accounts assists in deciding if accounting adjustments are required. Bank reconciliations are...

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What is Cloud Accounting?

What is Cloud Accounting?

Cloud accounting refers to internet transactions. The practice does not require you to install software or own a server on your computer. A business that offers accounting services in the cloud includes remote servers and applications. They grant you access to them...

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Income Tax for Sole Proprietors and Partnerships

Income Tax for Sole Proprietors and Partnerships

As digital platforms progress and mature, individuals can monetise almost anything they set their mind on e.g. blogging, vlogging, online tutorials, personal shopping, driving, moving, virtual consulting, and so on. Having an offline or online business is suddenly the...

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Corporate Tax Malaysia 2020 for SMEs [Comprehensive Guide]

Corporate Tax Malaysia 2020 for SMEs [Comprehensive Guide]

Having a business of your own grants you the freedom to be your own boss, execute your own ideas, work on passion projects, or develop products you are interested in. Regardless of whatever motivations driving you to be a business owner, there are requirements that...

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