What is an Accounting Service?

Copy of template 1200 x 600 (25)

It refers to the way in which the financial information of a business activity is disclosed to outside stakeholders, such as the board and shareholders of the company.

Many are on their toes when managing accounts and cash flow transactions in and out.

Often, mistakes are made due to mismanagement and lack of order.

Usually accounting services are created by accredited bodies to help businesses obtain annual financial statements before auditing.

Financial reports are required to be submitted to the Companies Commission of Malaysia (SSM) and the Inland Revenue Board (IRB).

Accounting Service Differences

Basically, the appointed accountant is responsible for bookkeeping, recording and analyzing each transaction and identifying the financial potential for the business activities and the company.

Understand each type of financial accounting before you get an accounting service.

  • Public Accounting – In addition to bookkeeping and financial analysis, they are also responsible for preparing and advising on taxation and establishing a corporate accounting system.
  • Management Accounting – Accountants play a role in recording and analyzing financial information that will be used to manage costs and assets.

In addition to being involved in the company’s release of new products, providing financial information for investors and tax management, the accountant also plans the future of business and corporate activities.

  • Government Accounting – Involved in government agencies to ensure spending and income are in line with legal requirements.
  • Internal Auditing – Review the financial management of the company and review the misbehavior of the business, as well as evaluate its budget, management systems and legal operational efficiency.
  • Bookkeeping – Usually for small and medium-sized businesses and involves basic tasks such as updating the company’s financial system and monitoring payable and receivable accounts.
  • Certified Accounting – Comprising members of a professional and skilled body in the areas of management and auditing and specialization.
  • Tax Accounting – Tax accounting is a person who specializes in tax filing and helps businesses avoid paying unnecessary taxes.

For more information about Accounting Services Malaysia, please visit https://www.boardroomlimited.com/my

Get a FREE 1-to-1 SEO Service Consultation

Fill up below and we will get back to you a FREE 1-to-1 SEO Service consultation on how to grow your business in Google!

Latest News

What’s New in Service Info Directory?

Malaysia’s long-term resident visa for international entrepreneurs, investors, and talent

The Premium Visa Programme is now accepting applications. Applicants must have an offshore income of RM40,000 per month or RM480,000 …

The Beginner’s Guide to Responsive Web Design

What is Responsive Web Design Responsive web design has been around for some time now. It is a type of …

A Plastic Injection Mold’s Life Cycle

Injection moulds are one of the most significant pieces of equipment used by moulders. Because your moulds are so important …

Can Metal Roofing Be Installed Over a Shingle Roof?

In virtually every scenario, the answer is yes; a new metal roof may be installed over an old shingle roof. …

Fire Prevention Month: 5 Safety Recommendations

Keep fire protection measures in good condition. While it may appear simple, it is critical that your company not only …

Top 8 Ways to Improve Your Vision After 50

Most individuals acquire vision problems between their mid-40s and early 50s, especially when reading and working on computers. Poor vision …

Six Benefits of Gas Assist Injection Molding

Precision of operation and product quality are two goals for producers in plastic injection molding. Gas-assisted molding is a technique …

For the Aerospace and Defense Industry, ISO 9001 vs AS 9100

Quality management standards change throughout time, making your job as a quality management expert a never-ending challenge. Changes to key …