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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...

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,...

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...

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...

The impact of MCO towards local businesses According to the Domestic Trade and Consumer Affairs deputy minister, Chong Chieng Jen, the commitment level of Malaysians buying local-made goods is still below 40%, although more than 75% of them are aware of the ‘Buy...

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...

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...

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...