Accounting Services
Simplified Accounting Solutions for Growing SMEs
All companies registered in Malaysia are legally required to maintain proper accounting records. Accurate bookkeeping not only supports daily financial management but also ensures smooth auditing and timely submission of annual returns. We provide a full suite of accounting and bookkeeping services, delivered by licensed professionals, to support both new and established businesses.
Our Services
Our Accounting Services Include:
Accounting Books & Records Maintenance
Focus on growing your core business while we handle your accounting needs with ease and accuracy.
In compliance with the Companies Act 2016, all companies must prepare proper financial statements. We offer professional, computerized accounting services tailored to monthly, quarterly, or annual reporting requirements. If your company is experiencing an accounting backlog, we can help bring your records fully up to date.
Management Accounts, Financial Reports & Forecasting
Lacking in-house expertise to prepare management accounts, forecasts, and cash flow reports? Let our qualified team step in to support you.
We specialize in preparing customized management accounts, detailed financial reports, budgets, forecasts, and cash flow statements. Our accountants also provide in-depth analysis of key financial ratios and performance indicators to help you make informed business decisions.
Accounting Advisory Service
We provide expert guidance on accounting policies, procedures, and compliance with relevant laws and regulations.
Whether you’re setting up internal controls, updating accounting standards, or ensuring compliance with the latest financial regulations, our advisors are here to support your business with sound, practical advice.
Unaudited Financial Statements & Directors’ Report
We assist companies exempted from statutory audit by compiling unaudited financial statements and drafting the Directors’ Report, in compliance with the Malaysian Companies Act.
Our services ensure your financial reporting meets regulatory standards while saving time and resources—ideal for smaller companies or those not required to undergo a full audit.
All existing HR policies and procedures should be reviewed regularly, ideally every 1 to 3 years, to ensure they remain current and compliant.
Conduct background checks on job applicants to assess their suitability for the role and alignment with company standards.
The complete process of screening, shortlisting, and interviewing candidates to identify the best fit for a specific role.
Implementing HR best practices in daily operations to drive efficiency, enhance employee experience, and support long-term organizational growth.
Gathering and defining key details about job roles and vacancies to attract and hire the most suitable talent for your organization.
Initiatives aimed at improving employee satisfaction, engagement, and loyalty to reduce turnover and retain top talent.
Strategies and practices used to build and maintain a positive, productive relationship between the company and its employees.
Regular surveys are conducted to gather employee feedback, assess job satisfaction, and gain insights into their workplace experience and needs.
A comprehensive guide outlining the company’s rules, operational procedures, and workplace expectations that all employees are required to follow.
Handle end-to-end payroll processing, including monthly payroll preparation, reconciliation, payslip issuance, and arranging direct salary payments to employees.
Identify turnover rates and employee pain points to make the organization a better place for future employees.
Why Choosing Us
Many startups and SMEs struggle to keep their accounts up to date—often due to limited experience or the high cost of hiring full-time accounting staff. Outsourcing is a practical, cost-effective alternative. We offer professional bookkeeping services using a cloud-based accounting system, allowing us to support clients anywhere, anytime—no on-site visits required. Let us handle your accounts so you can focus on growing your business.
Accounting
Frequently Asked Questions (FAQs)
Accounting services encompass a wide range of financial functions essential for accurate recording, managing, and reporting a company’s financial activities to regulatory authorities and stakeholders. These services include but are not limited to, bookkeeping, statutory and internal/external audits, tax return preparation, asset tracking, cash flow and expense management, revenue monitoring, payroll assistance, financial reporting, budgeting, and forecasting, as well as ongoing financial advisory.
While accounting services are not legally mandatory in all cases, many business owners choose to engage professional service providers to manage their accounting tasks. This allows them to concentrate on core business operations and revenue-generating activities. Adopting proper accounting practices also enables better financial decision-making and helps prevent unnecessary losses and inefficiencies.
No, they serve different roles. Here are the key distinctions:
Accounting involves the ongoing process of recording, maintaining, and reporting a company’s financial information to present a true and fair view of its financial position. Auditing, on the other hand, is the independent examination of these financial records to assess their accuracy, integrity, and compliance.
Accounting is performed regularly—daily, monthly, or quarterly—whereas auditing is typically conducted once a year.
Accounting can be handled internally by staff or outsourced to a third-party provider. In contrast, auditing must be carried out by an independent auditor or audit firm with no financial ties to the company being audited.
In Malaysia, all public and private limited companies are legally required to undergo an annual audit.
However, sole proprietor-ships and partnerships are exempt from mandatory audits. That said, businesses handling large sums of money are encouraged to conduct annual audits voluntarily to enhance financial credibility and transparency.
Our chartered accountants are registered members of the Malaysian Institute of Accountants (MIA), ensuring they are professionally certified, legally qualified, and equipped with the expertise to deliver reliable and compliant accounting services.
Your company is required to file its annual tax returns within eight (8) months after the end of its financial year.
For example, if your financial year ends on 31 December 2022, the submission deadline would be 31 August 2023.
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General
Frequently Asked Questions (FAQs)
A Company Secretary is a qualified professional who ensures that a company operates in compliance with applicable laws and regulations. They serve as the company’s legal representative, manage statutory records, and oversee proper corporate governance and administration.
In Malaysia, a company secretary must be a natural person and a member of a professional body recognised by the Ministry of Domestic Trade and Consumer Affairs. Recognised professional bodies include:
- The Malaysian Association of Company Secretaries (MACS)
- The Malaysian Institute of Chartered Secretaries and Administrators (MAICSA)
- The Institute of Chartered Secretaries and Administrators (ICSA)
In Malaysia, it is a legal requirement for every company to appoint a Company Secretary within 30 days of incorporation. The appointed individual must be qualified and a member of a professional body recognised by the relevant authorities.
Once appointed, the company must notify the Companies Commission of Malaysia (CCM) within 14 days. Similarly, any changes to the Company Secretary must also be reported to the CCM within 14 days. Detailed procedures and filing requirements are available on the CCM's official website.
Outsourcing Company Secretary services in Malaysia offers several key advantages:
- Cost-Effective: Avoid the overhead costs of hiring a full-time in-house secretary, including salaries, benefits, and office space.
- Expertise: Gain access to qualified professionals with in-depth knowledge of Malaysian corporate law and compliance requirements.
- Flexibility: Easily scale services based on your business needs—ideal for startups, SMEs, or growing companies.
- Compliance Assurance: Professional company secretaries help ensure timely compliance with statutory obligations, minimizing the risk of penalties or legal issues.
Yes, you can appoint another company secretary to replace your current company secretary in Malaysia even if you already have one.
The process involves officially notifying the current secretary of their termination and appointing a new, qualified secretary to take over. The new secretary will handle the transfer of statutory records and ensure all outstanding obligations are met for a smooth transition.
Be mindful that the Company Secretary position must not remain vacant for more than 30 days, or your company may face penalties. For a detailed guide, refer to our article on how to change a company secretary in Malaysia.
To incorporate a company in Malaysia, you must meet the following basic requirements:
At least one resident director/shareholder (a Malaysian citizen or permanent resident, or a foreigner with a valid local residential address)
A local registered business address in Malaysia
A minimum paid-up capital of RM1.00 (although certain industries or licenses may require a higher amount)
Additional requirements may apply depending on your business type and activities.
Incorporating a company in Malaysia typically takes 5 to 10 business days, provided all required documents and details are submitted correctly.
Even minor errors or missing information can cause delays, so it's essential to prepare and verify all necessary details before submission.
Yes and no. You can incorporate a company in Malaysia without a business address initially. However, a valid local business address is required later when applying for operating licenses and fulfilling regulatory obligations.
To avoid delays, it’s advisable to proceed with incorporation early—so when you secure your business address, you're ready to move forward without starting from scratch.
A common seal is a physical stamp engraved with a company’s name and details, traditionally used to validate official documents.
However, under the Companies Act 2016 in Malaysia, the use of a common seal is optional. A company may choose to use it, but it is no longer a legal requirement unless specified by the company’s constitution or requested by another party.
In Malaysia, a private limited company (Sdn. Bhd.) must have a minimum of one (1) and can have up to a maximum of fifty (50) shareholders, as stipulated under the Companies Act 2016.