Bookkeeping, Accounting and GST Services


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Bookkeeping services

Training and advice or simply taking the weight of the paperwork from your shoulders. We have a reasonably priced dedicated bookkeeping team.

Year end account

Using your book-keeping records we are able to prepare your year end accounts which will form the basis of your Self Assessment tax return and fulfill your stakeholder need.

Year end accounts provide valuable information about your business performance and position to your stakeholders, for example, you wish to make a mortgage application or raise finance.

We can advise you on how to strengthen your record keeping procedures which in turn will help you run your business more effectively. Having timely management and accurate information can assist you in managing your outstanding debts owed by customers or due to suppliers, inventory level, cash flow and etc.

Preparing your financial statement with fulfill the Malaysia accounting standards and we will check your each transaction that you are entitled claiming.

No matter you are sole proprietor, partner in the partnership, landlord, employee, limited company or etc, letting us prepare your year end accounts. We offer competitive pricing with friendly and professional service, flexible appointment times.

Accounts preparation

We always provide on time and efficiently financial statement and offer meeting to discuss your results and any business improvements that can be made.

Management account and information

Our accounting services and preparation of regular management reports <format agreed with you>, are essential in order for you to monitor the business performance & position and assist you to make the most appropriate management decisions.

Tailored accounting solution we can provide to meet your requirements. Our portfolio of management reports are include:-

  • General bookkeeping and monthly end close
  • Trading, Profit and Loss statement showing the current and year to date figures
  • Balance Sheet
  • Monthly trade and non-trade receivables report
  • Monthly trade and non-trade payable report
  • Bank reconciliation statements for all bank accounts
  • Payroll compliance accounting including PCB, EPF and SOCSO advices
  • Other reports as required

GST services

Goods and Services Tax (GST) is a multi-stage consumption tax on goods and services whereby each point of supply in a production chain is potentially taxable up to the retail stage of distribution. At the same time suppliers are entitled to refunds of GST incurred on business inputs. The basic fundamental of GST Malaysia is its self-policing features which allow the businesses to claim their Input tax credit by way of automatic deduction in their accounting system.

Responsibilities of GST register:-

Generally, once you are GST registered, you are responsible for:
– Account for GST on taxable supplies made and received, ie output tax and input tax respectively
– Submit GST return (GST-03) and pay tax not later than last day of following month after taxable period
– Issue tax invoice on any supply unless as allowed by Customs
– Inform Customs of the cessation of business within 30 days from the date of business cessation
– Inform Customs of any changes of address, taxable activity, accounting basis and taxable period
– Keep adequate records of all business transactions relating to GST in the National or English language for 7 years.

 

Tailored GST solution we can provide to meet your requirements. Our portfolio of GST reports are include:-

– GST accounting with full set of account

– GST realignment and business advisory

– Generate report and submit to Custom Malaysia – Form 03.

 

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