ACCOUNTING SERVICES IN MALAYSIA
Maintaining accurate and timely financial records plays an important role in the success of a company. It enables the management to run the operation both efficiently and effectively.
Our accounting firm is composed of experienced accountants who are trained in the latest accounting standards and tax legislation, and rulings issued by the government. We strive to deliver top-quality services to ensure that our valued clients are working in compliance with the rules and regulations set by the government.
What Are the Benefits of Acquiring Professional Accounting Services?
Acquiring and integrating professional accounting services into business operations offers numerous advantages to businesses of all sizes. Here are some of the key benefits:
Enhanced Accuracy
Professional accounting services ensure high levels of accuracy in financial records, minimising errors and discrepancies.
Compliance Assurance
Professional accountants ensure businesses adhere to local and international accounting standards and tax laws, reducing the risk of penalties.
Cost & Time Efficiency
Outsourcing accounting tasks can be more cost-effective as businesses can focus on core activities, improving overall productivity.
Financial Insight
Accounting services provide valuable financial analysis and insights, aiding in strategic planning and decision-making.
Scalability
Offers the flexibility to scale accounting efforts up or down based on business needs, supporting growth without additional hires.
Risk Management
Expert advisory services help identify and manage financial risks, safeguarding the business’s health.
What Are the Types of Accounting Services in Malaysia?
Various accounting services cater to the diverse needs of businesses, ranging from small enterprises to large corporations. The main types of accounting services available in Malaysia include:
Bookkeeping Services
Crucial for accurate financial records, it involves tracking daily transactions to ensure clear financial management and compliance.
Consolidation Accounts
Merges financial statements from multiple entities into one report for a unified view, simplifying decision-making for stakeholders.
Setup of Accounting System
Involves customising software to manage finances efficiently, providing insights and supporting strategic planning.
Accounting Advisory
Offers expert advice on financial strategies and compliance, aiding in risk management and financial decision-making.
Outsource Accountant
Allows flexible access to expert accounting services, improving focus on core operations and potentially reducing costs.
Take control of your business growth with accurate, reliable accounting and bookkeeping that keep your finances clear, compliant and ready for success.
Contact UsWhy Outsource Your Accounting?
Outsourcing your accounting is more than a cost-saving move. It is a strategic decision that helps your business run efficiently and scale with confidence. By working with a trusted accounting firm in Malaysia, you gain expert financial support without the challenges of managing an in-house team.
Key Benefits of Outsourcing Accounting:
- Access to Expertise – Gain support from qualified accounting professionals without the cost or effort of recruitment, training or retention.
- Reliable Continuity – Maintain smooth financial operations with consistent service, even during staff changes or absences.
- Greater Efficiency – Free your internal team to focus on key business activities that drive productivity and growth.
Client Testimonials
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Frequently Asked Questions
What is the difference between bookkeeping and accounting?
Bookkeeping is the procedural task of systematically recording daily financial transactions (sales, purchases, receipts and payments). Accounting, on the other hand, is the process of summarising, interpreting and analysing those recorded financial transactions to prepare financial statements and provide strategic advice.
How often should I update my financial records?
For effective financial management and to meet the 60-day statutory compliance period mandated by Malaysian law, financial records should be updated frequently, ideally on a weekly or daily basis. Most businesses find that a minimum of monthly processing is required to produce timely management accounts.
How much does accounting or bookkeeping cost in Malaysia?
Accounting and bookkeeping fees vary depending on factors such as transaction volume, business complexity, advisory needs and company size. Our service packages start from RM200 per month, with pricing based on the scope of work and transaction volume.
Does your accounting service handle tax returns?
Our accounting team prepares preliminary tax computations as part of our bookkeeping services. For corporate tax, we provide a proposal tax computation for your review. Once accounts are finalized and audited by our independent audit department, our dedicated tax division prepares the final tax computation and handles submission to LHDN (Inland Revenue Board).
For personal tax matters, our accounting personnel prepare draft computations, which are then reviewed and finalized by our tax specialists before submission.
This structured approach ensures accuracy, compliance, and proper segregation of duties in line with professional standards.
Why Choose KS Chia & Associates for your Accounting in Malaysia?
With over two decades of service in the industry, KS Chia & Associates is your trusted partner for providing comprehensive accounting services in Malaysia. Our dedicated team ensures accuracy, compliance, and insightful financial management tailored to your business needs.
Our bookkeeping services include:
- Monthly, quarterly or yearly bookkeeping service (includes completion and submission of SST return)
- Accounting system set-up
- Preparation of profit projections and cash flow forecasts
- General accounting advisory
Other than the above-mentioned services, we also propose tax computation on a timely basis for our clients to ensure that their current tax estimate is in line with the income tax payable forecast. Contact us today at +603 6258 3692 to discover how we can support your business’s growth and financial health with our professional accounting services.