{"id":16,"date":"2019-08-29T09:11:59","date_gmt":"2019-08-29T09:11:59","guid":{"rendered":"https:\/\/sfwassociates.com\/SFWnAssociatesPLTMalaysia\/?page_id=16"},"modified":"2021-05-28T08:51:03","modified_gmt":"2021-05-28T08:51:03","slug":"accounting-and-consolidation","status":"publish","type":"page","link":"https:\/\/sfwassociates.com\/sfwnassociatesplt\/index.php\/accounting-and-consolidation\/","title":{"rendered":"ACCOUNTING AND CONSOLIDATION"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"16\" class=\"elementor elementor-16\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-717a353 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"717a353\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6a380d6\" data-id=\"6a380d6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-84e4733 elementor-widget elementor-widget-spacer\" data-id=\"84e4733\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-24f14ec elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"24f14ec\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-40a7db1\" data-id=\"40a7db1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2b84249 elementor-widget elementor-widget-heading\" data-id=\"2b84249\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Accounting and Consolidation in Malaysia<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-de1aff6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"de1aff6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-27384ba\" data-id=\"27384ba\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-76f70b1 elementor-widget elementor-widget-heading\" data-id=\"76f70b1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why do you outsource?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2d8d70f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2d8d70f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a89377e\" data-id=\"a89377e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eb2a3cd elementor-widget elementor-widget-text-editor\" data-id=\"eb2a3cd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>\u00a01. It takes time, effort and experience to maintain a well-managed accounting team\/system<\/strong><br \/>Outsourcing accounting team allows you to focus on the key revenue and value generating activities for your company, while ensuring the financials are managed by professionals. Your company will have significantly lesser housekeeping task and training requirements to fulfil.<\/p><p><strong>2. Cost savings of at least 20-30%<\/strong><br \/>Hiring an outsourced accountant is often cheaper and cost effective than in-house finance staff. This is mainly due to there are no overhead costs such as vacation, insurance, retirement and sick days to be considered. This will normally result in at least 20-30% cost savings. This cost savings does not result in loss in talent acquisition, but instead you have a team of ready trained professionals for this.<\/p><p><strong>3. Reduce risk of fraud<\/strong><br \/>Most instances of fraud happen due to lack of oversight by the management team due to concentrated and linear control of the financial approval role with the financial recording role. Having an outsource accounting team allows an additional layer of review for your financial transactions, and any abnormalities will be brought attention to the management team immediately, to reduce the risk of fraud.<\/p><p><strong>4. Independent role with business experience<\/strong><br \/>Given our role as accountant for multiple type of companies, we can provide improvement and business restructuring advice, on top of our accounting services only. The company team get additional insights to the business and internal control.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3071c2e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3071c2e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d3811c1\" data-id=\"d3811c1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-353625a elementor-widget elementor-widget-heading\" data-id=\"353625a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Types of services<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-93197c1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"93197c1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7f0f76b\" data-id=\"7f0f76b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a39d6e9 elementor-widget elementor-widget-text-editor\" data-id=\"a39d6e9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li>Yearly Accounting and Monthly Bookkeeping<\/li><li>Preparation of financial and management account<\/li><li>Documentation of financial transactions<\/li><li>Tax compliance documentation and preparations\u00a0<\/li><li>Liaising with auditor, secretary and tax agents on your behalf<\/li><li>Consolidated Unaudited Financial Statements and reports<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1d5af1f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1d5af1f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-abb6f50\" data-id=\"abb6f50\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9d80e45 elementor-widget elementor-widget-heading\" data-id=\"9d80e45\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Bookkeeping Services<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-af8d833 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"af8d833\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6902aeb\" data-id=\"6902aeb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-800ef48 elementor-widget elementor-widget-text-editor\" data-id=\"800ef48\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Bookkeeping are the essential records of a company, that combines all the transactions into understandable and quantifiable information for financial analysis and reporting purposes. You will need someone with keen interest to understand your company and to drive and oversee this process. Our experience in both audit and commercial heighten our ability to oversee this services. We will assist your company in understanding, analysing and recording of the individual financial transactions of your daily operations. We are responsible for setting up proper financial records to provide accurate and timely snapshot of the business.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1bec3de elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1bec3de\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-73e3cdd\" data-id=\"73e3cdd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-62b1ac1 elementor-widget elementor-widget-heading\" data-id=\"62b1ac1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Consolidation of Accounts<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c240081 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c240081\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f48bf9c\" data-id=\"f48bf9c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-83b6e16 elementor-widget elementor-widget-text-editor\" data-id=\"83b6e16\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"font-size: 18px;\"><span style=\"font-weight: normal;\">We will help your company inteprent and group the financials of multiple companies and present the combined financial results of the parent company using the applicable financial reporting standard. It allows you to leverage on our expertise and knowledge of intercompany elimination of balances and transactions and produce the final combined assets, equity, liabilities and operating accounts of a parent firm and its subsidiaries. We help you cope with this tedious process and simplify in simple this process for your desired outcome.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-23fe3ca elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"23fe3ca\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4b10a5d\" data-id=\"4b10a5d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2db5088 elementor-widget elementor-widget-heading\" data-id=\"2db5088\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Freelance Accountants<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8cc473d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8cc473d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e4625c8\" data-id=\"e4625c8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eb33470 elementor-widget elementor-widget-text-editor\" data-id=\"eb33470\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-size: 18px; font-weight: 400;\">We are certified accountant that has audit and commercial experience that can station at your office or our office (depending on a case by case basis), or even in the forefront to help you deal with business relationships and outside service providers. You get to minimise your cost while getting our full fledge commitment of our accounting and business advices to your company needs. We believe every case is special and we will work towards working a reasonable and suitable budget for these professional services. Our acting accountant can attend meetings also at your request to provide business insights to the current internal control and business financials.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e2428bd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e2428bd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-161150c\" data-id=\"161150c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d3157a4 elementor-widget elementor-widget-heading\" data-id=\"d3157a4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Would you like to know more? We would love to discuss with you. <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f9a74b elementor-widget elementor-widget-button\" data-id=\"9f9a74b\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md elementor-animation-shrink\" href=\"https:\/\/sfwassociates.com\/sfwnassociatesplt\/index.php\/contact-us\/#contact-us\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Click here to fill in your contact and we will be in touch<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-50f5fe6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"50f5fe6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-29c2f46\" data-id=\"29c2f46\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2dbde4a elementor-widget elementor-widget-spacer\" data-id=\"2dbde4a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Secretarial services in Cheras, Puchong and Penang<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_joinchat":[],"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ACCOUNTING AND CONSOLIDATION | SFW &amp; 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