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Accounting and Cloud Accounting  

ACCOUNTING

According to Section 248 (1) of the Companies Act 2016, “the director of every company shall prepare financial statements :-

  • within 18 months from the date of its incorporation.
  • subsequently, within 6 months of its financial year end”

“Financial Statement”, in layman terms, management accounts consists of the followings : –

1. General ledger.
2. Profit or loss statement.
3. Financial position statement.
4. Trial Balance.
5. Others ie debtors’ ledger, suppliers’ ledger etc.

As such, the Director has to appoint a book keeper/accountant who are knowledge to complete full set of accounting of the company.

 
 
We, in Usha Management Services provide a comprehensive range of accounting and bookkeeping services in Malaysia for your newly established or existing company. Our accountants can compile your accounts information monthly / quarterly or yearly for Sales and Services Tax submission, annual statutory audit, monthly Human Resources (HR) services and corporate tax submission to Inland Revenue Board.

According to Section 245 (2) of the Companies Act 2016, “the directors and managers of a company shall cause appropriate entries to be made in the accounting and other records within 60 days of the completion of the transactions to which the entries relate”. Therefore, in Usha Management Services, we are maintaining a timely accounting system that allows you to manage your accounts cost-effectively.

We also provide cloud accounting services for sole proprietors, partnerships, limited liability partnerships and also companies. In cloud accounting, our clients able to access the accounting records remotely through the Internet or other network via a cloud application service provider.
 
 
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