Outsource Accounting Service Company
Many start-ups and SME businesses today are facing problems to get their financial accounts up to date, either because of the owners try to save cost by doing the accounts themselves, or due to cost constraints that they can only hire some inexperienced junior accountant to manage the accounting function. Outsourcing can be a good solution!
Common Accounting Problems SME Business Facing
SME owner has no time keep
track of their accounts
inexperienced junior accounting staff is not able to keep the account bookkeeping in order
accounting staff heavily involve in admin & operation works causing delay in closing account
new business has no budget to hire a Finance Manager to prepare financial account
delay in account closing causing
audit backlog and penalty from SSM
WHY START-UP
BUSINESS FAILED??
More than often, start-up business failed within the first 2 years not because of the failing their product or services, but mainly because the business owners have lost track of their CASHFLOW and financial PROFITABILITY.
KNOWING YOUR
FINANCIAL HEALTH…
We believe all business owners, big or small, are required to receive their Financial Accounts on a monthly basis which allows them to assess their company’s financial and cashflow health and make a better business decision.
Without having timely and appropriate financial information, business owners tend to make decisions based on their “gut feel” with high level of risk and uncertainty that may eventually fail their business without knowing the root cause reason.
We Are Here To Support SMEs in Malaysia on Accounting Function!
We encourage start-up and SMEs business to outsource their accounting function so that the business owner can have peace of mind that their financial accounts are well taken care by a professional team 24/7, and they can really focus their time on the core business, such as meeting clients, developing new products, doing research, open new market, or……….. spend more time with their family 🙂
Benefits Of Outsourcing Accounting Function To Accounting Company in Malaysia
At lower cost (compare to hiring your own accounting staff), you engage a team of professional chartered accountant to manage your financial account & record keeping. Literally, you hire a CFO!
No more worry that your accounting staff will go on leave, ask for bonus and salary increment, resign, career path, etc. We are ready to support you 24/7, at a fixed outsourcing fee.
You receive up-to-date monthly (or quarterly) financial account within 10 business days after your month-end closing.
No more audit backlog, we are committed to make sure your account will be closed and audited on time.
Cloud Accounting Software
In today business, we strongly encourage business owners to adopt cloud accounting software that enable everyone in their organization to instantly access the financial and business data on the cloud platform, any time and any place in the world.
What Is Cloud Accounting Software?
Unlike traditional accounting software (e.g. UBS, SQL, MYOB) which is installed at a specific computer in your organization and the data can only be accessed by the accountant, cloud accounting software does not require any installation because it is located on “CLOUD”. To access the Cloud Accounting Software, it is similar like you login to your Facebook Page, you only need to go to the software website, login via the personal-assigned username and password will do. This means you can use any laptop, iPad, mobile phone to access your accounting software anytime, any place. Amazing right? Best still, you can have multiple users in your organization access to the Cloud Accounting Software at the same time.
XERO Accounting is the current market leader of cloud accounting software. Check it out its feature!
Other Accounting Software
In order to meet our client’s unique requirement, we do offer other accounting software to support their accounting functions
Depending on your budget and accounting requirement, our well-trained accounting specialist will assist you in the system implementation stage, as well as providing training and on-going support to you.
If you are starting your new business in Malaysia, we can assist you in implementing your accounting system:
setting up chart of account
setting up inventory items
setting up receivable and payable master accounts
setting up Sales & Service Tax account
setting up depreciation and amortization rule structure
setting up document template (sales invoice, debit/credit note, payment voucher, purchase order)
setting up management account template
setting up account record filing system
Monthly Outsourcing Accounting
Service Package
Accounts
Domains
Your Text
Your Text
Your Text
RM300 per month
Basic
Best for newborn companies or businesses with infrequent deals typically earning RM100,000 p/a
- 20 transactions per month
- 30 receipts per month
Accounting
- bookkeeping
- compilation of management account
- monthly review by chartered accountant
XERO Accounting
- Entry Package (no invoicing) (complementary)
- Professional (full function)
or (RM 150 per month)
Most Popular
RM600 per month
Small
Best for up-and-coming companies with yet small staff typically earning around RM200,000 p/a
- 50 transactions per month
- 80 receipts per month
Accounting
- bookkeeping
- compilation of management account
- monthly review by chartered accountant
- complementary CFO advice
XERO Accounting
- Entry Package (no invoicing) (complementary)
- Professional (full function)
or (RM 150 per month)
RM1000 per month
Medium
Best for businesses on track to expand typically earning around RM500,000 p/a
- 100 transactions per month
- 125 receipts per month
Accounting
- bookkeeping
- compilation of management account
- monthly review by chartered accountant
- complementary CFO advice
- basic financial analysis
XERO Accounting
- Entry Package (no invoicing) (complementary)
- Professional (full function)
or (RM 150 per month)
RM1500 per month
Large
Best for scaling companies earning around RM1,000,000 p/a
- 150 transactions per month
- 200 receipts per month
Accounting
- bookkeeping
- compilation of management account
- monthly review by chartered accountant
- complementary CFO advice
- comprehensive financial analysis
XERO Accounting
- Entry Package (no invoicing) (complementary)
- Professional (full function)
or (RM 150 per month)
I Only Need A Yearly Accounting Service Solution?
No worry, our accountants work with all kinds of companies, so we are able to offer in-depth assistance to businesses with particular needs.
Yearly accounting
service
Optimal for those who don’t rely on accounting in evaluating business efficiency and just seek compliance.
Small
- Up to 50 transactions
- Up to 150 receipts
RM600
per year
Medium
- Up to 100 transactions
- Up to 250 receipts
RM1000
per year
Large
- Up to 150 transactions
- Up to 350 receipts
RM1500
per year
Dormant company
Do not have any transaction for your Company? Just need to have management account for audit purpose? OK, we help you minimize the compliance cost.
All inclusive Package:
- Prepare annual account
- Complete yearly audit
- Submit yearly company tax return
RM1700
per year
Additional Outsource Accounting Service
We are a one-stop solution provider, we help you in any other areas that you are currently facing accounting issue.
Audit Support
When you need someone more professional to liaise with your auditor and resolve audit issue, we are here to help you
Starting from
RM 120
per hour
Consolidated Financial Statements
Having problems to prepare your Group’s consolidated financial statement? No worry, our Chartered Accountant will help you
Starting from
RM 1300
per account
Read Our Article And Guide
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