Startups aries the new trends and you will notice a new startup emerging and thriving every few days. But, do you know starting a new business is easier than putting it on the right track and bringing it in line with thriving businesses in the industry?
The primary reason for businesses to fail at infacy is their inexperience and neglect to take care of their finances. This is why we think that hiring professional accounting and bookkeeping services is as important as company registration in Malaysia.
Here is how outsourcing accounting and bookkeeping can help your business....
1. Better Control Over Finances
Taking care all your business finances is the most crucial part of a successful business. You need to keep an eye on your capital, account payables, and account receivables in order to make decisions that are beneficial for your business. Many businesses go bankrupt because of their inability to control finances. You may buy a piece of expensive equipment for your business thinking you have the capital to do so but you forget about your account payables which will then increase your debt, impose pressure on cash and you may become bankrupt.
Professional accountants keep a strong track record of all your finances and advise you whether you are able to further invest or not. Moreover, their expertise can also help you make financial decisions that can further assist your business growth
2. Access To Highly Qualified Professionals
Accounting and bookkeeping is an expert’s job. The more qualified and experienced professionals you hire, the more insightful financial reports you get. And to get access to the best accountants and bookkeepers, you must consult an accounting firm like Ha & CO. Accounting firms, which hires highly qualified and experienced professionals that are experts in their fields. Furthermore, while working with chartered accountants , they also gain experience in working with different businesses, which helps them in understanding your business model better and make suggestions that can improve your productivity.
3. Access To Latest Accounting Software
Nowadays, accounting and bookkeeping services depend on accounting and bookkeeping software. The right software not only makes accounting and bookkeeping jobs easier but also eliminates room for human errors/manipulation.
Accounting software provides you with real-time and accurate financial reports that portray the real picture of your business. Moreover, accounting software also minimises any chances of tempering your financial accounts.
Consulting with a licensed accounting firm that is registered in Malaysian Institute of Accountants will give you access to the latest accounting software.
4. Convenience
Accounting services are essential for your business if you go on to hire an in-house accountant it is a lot of work and would consume time as well. You will have to advertise and then shortlist suitable candidates. Next, you will conduct interviews of suitable candidates and then hire a suitable candidate. The process is lengthy and would take a lot of time and money.
On the other hand, if you outsource the accounting and bookkeeping services, you will be saved from all this lengthy and time-consuming hiring process. The accounting firm will instantly provide you with experienced and qualified accountants who will take expert care of all your finances.
5. Cost Saving
Lastly, outsourcing bookkeeping and accounting services are also cost effective. If you hire an in-house accountant, you will have to pay salaries, bonuses, and other amenities, and allocate a space in your office for the accountant. Moreover, the time and money spent on the quest for the perfect accountant for your firm is additional.
On the other hand, if you outsource the bookkeeping and accounting services, you will only have to pay an agreed contract price and nothing more. A highly qualified and well-experienced accountant will be at your service the very next day of the agreement. Isn’t it cost-effective??
How We Can Help You?
Ha & Co Chartered Accountants is a reputable accountancy firm in Malaysia. We have a team of highly qualified and experienced accountants who can not only help you with accounting and bookkeeping but also help you with company registration in Malaysia. Hiring our services will also give you access to the latest accountancy software that is essential for accurate and timely accounting in today’s competitive market.
So, what are you waiting for?Contact us to get high-standard bookkeeping and accountancy services in Malaysia.
