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Accounting & Bookkeeping Services

Sound decision-making via solid financial management

All companies registered in Malaysia must keep proper books of accounts as required by law. Good bookkeeping facilitates day-to-day account maintenance and auditing of financial statements for the submission of annual returns. We offer a comprehensive range of accounting and bookkeeping services by licensed professionals for new and existing companies.

Accouting Bookkeeping

SUPER SME PACKAGE

Monthly Accounting Services

sme package
Packages Comparison
PACKAGES LITE

RM99

BASIC

RM299

⭐ULTIMATE

RM499

Accounts Setup

No. of transactions

<25 <50

Financial Statements

Document Repository


COMPLIMENTARY

Cloud accounting software

Financial review

Tax consultation

Special offer on Payroll


Download Our Accounting, Tax, and Payroll Fee Packages

Plans that cater to businesses of all sizes – find your perfect fit here.
ATAP fee packages EN

    Frequently Asked Questions

    What are accounting services and are they mandatory?

    Accounting services cover the range of functions needed to efficiently and transparently record and report a company’s finances to statutory bodies and stakeholders. It includes but not limited to bookkeeping, statutory, internal and external audits, preparing tax returns, tracking assets, cash flow, expenses as well as revenues, assisting with payroll, producing financial records, preparing financial forecasts and budgets and providing consultation as and when needed.


    While not mandatory, most business owners prefer to engage a third-party professional to handle their accounting work so that business owners can focus their attention on activities that directly generate revenue for their business. Keeping a good accounting practice helps business owners to make informed and data-driven decisions and can minimise unnecessary leakages and wastages.

    What is the difference between accounting and bookkeeping?

    Accounting refers to analysing, interpreting, classifying, summarising and reporting of financial data. Bookkeeping refers to comprehensive recording and safekeeping of financial data but it does not interpret or analyse such financial data.

    Is an auditor the same thing as an accountant?

    No, they are different. Here are some key differences:

     

    *accounting refers to the activities of maintaining and reporting of a company’s financial records to provide a true and fair view of the financial statements; auditing refers to examination of such financial records prepared by the accounting process to verify its reliability, integrity and accuracy
    *accounting is done on a regular basis (daily, monthly or quarterly); auditing is usually done annually
    *accounting may be carried out by own employees or outsourced to a third-party accountant; auditing must be carried out by an independent body (e.g. audit firm) with no financial connection to the business that he is engaged to audit

    Do all companies need to be audited?

    All public and private limited companies in Malaysia are subject to a mandatory audit each year.

     

    Sole proprietorships and partnerships are not subject to a mandatory audit, but if they deal with large amount of money, they are encouraged to do annual audit to maintain credibility.

    My company is fairly new. Which plan would be best?

    We would only offer plan that is value for money for you.

     

    *If you are a dormant company or your company does not have many transactions, you can subscribe to our one-off yearly accounting plan.
    *If your company is very active in business and has high volume of transactions (for e.g. more than 50 transactions per month), then we would recommend you to subscribe to our monthly or quarterly accounting plan.

     

    Accounting and bookkeeping services usually start from RM500 and may go up to RM1,500 or RM2,000 per month depending on the nature of business and volume of monthly transactions.

    I have no idea what's going on with my accounts. Can MISHU help?

    Yes, as part of our incorporation package, we offer a complimentary session on accounting consultation. Our accountant can walk you through the process and guide you accordingly.

    What qualifications do your accountants have to offer accounting services?

    Our chartered accountants are members of Malaysian Institute of Accountants (MIA) who are legally qualified and well-trained to offer accounting services.

    When do I need to submit my company's annual tax returns?

    You must submit your company’s annual tax returns no later than eight (8) months past your company’s financial year end. For e.g. if the financial year end falls on 31 December 2022, the filing period will be until 31 August 2023.

    If I engage you, how involved will I have to be in accounting procedures?

    Basically, you just need to assist us on understanding your industry and business model at the beginning stage. After that you only need to compile all the relevant supporting documents, invoices and receipts and pass to us (whether in physical or electronic copy). We will take care of the rest.

    My company is already using an accounting software. Can we keep using it or will we have to change vendors?

    Yes, you can keep using it and if you need us to prepare accounting report using your software, you must grant access for us.

    Can you recommend a good and reliable accounting software for my business?

    Yes, we work with some of the best accounting software in the market that is customised for the Malaysian market and complied with the standards and regulations prescribed by law.

    Accounting and Bookkeeping May
    Got an URGENT question?

    Contact us via [email protected] or call +6011-12037291

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      FAQs

      Frequently Asked Questions

      What is a company secretary?

      A company secretary is an officer of a company (well, not the one you treat as your PA in the office). Under Malaysian law, every company must appoint a company secretary – it is compulsory, not an option. A company secretary has a huge responsibility to ensure the company’s paperwork is in order, filed on time and advise the board to always stay in compliance with statutory and regulatory requirements.

      Why outsource company secretarial services?

      Only really big companies will have an in-house company secretary as their employee. Most SMEs in Malaysia outsource and appoint an external company secretary. This way they can save on salary and associated taxes and employee benefits.

      Can I appoint another company secretary if I am not too happy with my current one?

      Yes, of course. There should not be any minimum lock-in period because the law allows the board to appoint a new company secretary at any time. MISHU was created to provide transparent, efficient and innovative company secretary services. Switch to us if you like what we do here!

      Is company secretary a director of the company also?

      No, these are two different roles in the company. However, if the same person wants to be both, this is allowed under the Malaysian law, provided the company has more than 1 director.

      What documents does a company secretary prepare?

      To put it simply, whenever there is a change in director, auditor, shareholder, company secretary, share capital or the name of the company, you need to notify your company secretary to effect the change. The company secretary will prepare the necessary resolutions and forms and update SSM of such change. The company secretary will also keep register books and prepare minutes and official correspondences.

      Can I get all my professional services done by a company secretary?

      We all know how lucky it is if a company secretary can multi-task and do everything under the sun! Unfortunately, a company secretary can only do so much. Please do not treat your company secretary as your lawyer, accountant, tax advisor or even your PA. These are all different roles and should be performed by your respective professionals.

      Duties & Responsibilities

      as a Company Secretary

      Every company must appoint a company secretary under Malaysian law. But do you know what does a company secretary do? Let us tell you his/her duties and responsibilities:

      1. Updating the company’s statutory information

      The company secretary must ensure that any change in the statutory information below should be duly completed in the relevant prescribed forms and lodged with the SSM within the required period of time:
      • Removal of officers from office
      • Disqualification from holding office
      • Appointments/resignations/deaths
      • Annual return
      • Change of company name
      • Adoption, alteration and revocation of constitution
      • Issue, splitting, transfer of shares
      • Any other changes that require notification with SSM

      2. Reminding you on important dates

      The company secretary should advise the board of directors of the relevant dates for holding the company’s annual general meeting, filing annual return, submitting financial statement.

      3. Handling company’s board, general and extraordinary general meetings

      The company secretary’s role is purely administrative which includes the following:
      • Arranging and liaising with the chairman and/or managing director for agenda papers and items for the agenda
      • Providing general advice on matters relating to company secretarial matters
      • Booking and preparing the meeting room
      • Attending and taking down minutes of the meeting
      • Maintaining minute books
      • Following up on decisions made
      • Playing an advisory role to the chairman and the board of directors
      • Lodging statutory returns as appropriate
      • Certifying copies of minutes
      • Ensuring that correct meeting procedures are followed

      4. Compliance with company constitution

      The company secretary must ensure that the company complies with its constitution and drafting/incorporating amendments in accordance with correct procedures.

      5. Maintaining share registration and safe custody of documents

      The company secretary has a duty to maintain the company’s register of members, deal with transfer of shares and other matters relating to shareholding. He usually also keep in safe custody of the company seal and original share certificates.

      6. Coordinating with shareholders

      The company secretary maintains constant communication and acts as a link between the company and shareholders through circular resolutions, issues documents regarding rights issues and capitalisation issues, monitor changes within the register of members to identify potential takeover bid, make enquiries about the ultimate beneficial ownership of shareholdings, general shareholder relations, etc.

      7. Advising corporate governance

      The company secretary must keep himself abreast with the latest development of the company and securities laws so that he can always advise the board on proper corporate governance matters, assist directors with respect to their duties and responsibilities, compliance with company and securities laws and Bursa Malaysia Listing Requirements (for public listed companies).

      8. Acting as an officer of the company and advisor to the Board

      The company secretary is the primary point of contact between shareholders and directors, and between company and SSM. He also plays a key role in the event of a corporate exercise (merger, acquisition, disposal, winding up) where he has a duty to ensure the effectiveness of all documentation, ensuring due diligence disclosures, enabling proper commercial evaluation prior to completion of a transaction and timely execution of documentation, etc.

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