When we run a business, we need to keep track of all transactions, incomes and expenditures derive from our business. Accounting and bookkeeping have been around for just about how to have started our activities in trade and commerce. Bookkeeping is all about the process of recording, analyzing and interpreting the transactions of a business. As such, the bookkeeper is playing important role and responsible for setting up Statement of Comprehensive Income and Statement of Financial Position for the Business owners, auditor, company secretarial, tax agent and etc. An experienced bookkeeper able to prepare favorable Financial Statement and providing accurate information that allows the business owners to know exactly how well the business doing.
Package Fee for bookkeeping services
Monthly account for active company – from RM 800
Quarterly account for active company – from RM 1,200
Half yearly account for active company – from RM 1,500
Yearly account for active company – from RM 2,000
Yearly account for dormant company – from RM 500
Consolidation Account Services
When a list of group companies, a group financial statement is a reflection of financial results for all related entities, as well as for the individual company assets. Consolidation is used especially when a parent company owns the majority of voting shares of a subsidiary company or otherwise has contractual control of the subsidiary. The parent company prepares consolidated financial records by adjusting entries and eliminating inter-company transactions. Consolidation accounting is a process of combining assets, equity, liabilities and operating accounts of a parent Company and its subsidiaries into one financial statement.
Setup of Chart of Account – Accounting System
A well maintained accounting system is a necessity for all companies. But, it is costly for a small medium enterprise to maintain a good accounting system. At Wealthmill, we can provide a good accounting system to maintain your business account with a very minimum cost compare to your owned or hired a knowledge account clerk to maintain the accounting record. A well-devised accounting system manages to ensure relevant and reliable information is recorded in financial statements and for better financial management and you could access to your business’s financial information at any time as when you are required.
A good chart of account play an important roles to present the financial statement of your Company. At Wealthmill, we will work closely with your company or management to discuss or design a tailor made chart of account which suitable to your business need.
Unaudited Financial Statement
Audited financial statement might not be compulsory for some small private limited companies according to the guideline issued by CCM. An unaudited financial statement are still require to be submitted to CCM through the Malaysia Business Reporting System (MBRS). Generally, a financial statement remained unaudited without an independent verification and review process. However, a properly reviewed financial statement is crucial for a business. At Wealthmill, we can assist the company to prepare an unaudited financial statement that for submission to CCM through the MBRS purpose. Please contact us for the detail fee charge.
Call us at 1700-82-6732 or email info@wealthmill.com.my 
to discuss more on how we can assist you manage your business account and to be compliance with Company Act 2016 and Income Tax Act 1967.