Management & Accounting Services
Our management and accounting services aim to provide peace of mind and security by ensuring your Labuan entities meet the highest standards of compliance and governance.
We offer a wide range of services, including financial planning, budgeting, bookkeeping, and reporting, as well as serving as directors, secretaries, agents, and officers of Labuan foundations.
Our registered office services provide a prestigious address for your Labuan entities, further enhancing your corporate image. With our experienced professionals at the helm, you can focus on your core business while we expertly manage your corporate structures. Our seasoned professionals ensure your corporate structures are managed proficiently and effectively.
Scalable accounting solutions tailored to your business.
Flexible options
We offer accounting services that can be customized based on your needs, with fees determined by transaction volume. Whether you require monthly, quarterly, or yearly reports, we can accommodate your preferences. Our clients can choose the level of engagement that suits them best, from regular ongoing services to a single year-end report.
Fast processing
You can count on our proactive accountants to keep you informed about crucial deadlines and recommended actions to ensure that you never miss a deadline or incur any late fees. Our team is committed to providing timely reminders and guidance, so you can have peace of mind knowing that everything is taken care of.
Real-time access
We utilize QuickBooks and Xero software, which enables real-time access to your financial data by both you and our team. If you prefer, you can enter transactions on your own to reduce bookkeeping expenses. This collaborative approach ensures that your records are up-to-date and accurate, while also giving you the flexibility to participate in the process as much or as little as you like.
Essential account services
Bookkeeping & statutory compliance.
1. Bookkeeping service
Assist to maintain monthly bookkeeping of your company based on approved payment vouchers, approved claim forms, bank statements, bank in slips, bank credit advice, bank debit advice and other accounting source information provided by the management.
2. Bank Reconciliation
Not only can we take meticulous care in preparing your bank reconciliations, but we can also provide bank signatories if required.
3. Preparation and submission of the monthly accounts
Our expert accounting staff prepare and send trial balance, income statement, balance sheet and bank reconciliation to the local office and the headquarters for approval prior to completing timely and compliant submissions on your behalf.
4. Audit assistance
We will determine if your company is required by law to undergo an audit and will offer guidance accordingly. If an audit is necessary, we have established relationships with local and international audit firms to streamline the process. Our team will collaborate closely with the auditor, providing necessary schedules, documentation, and answers to minimize any disruption to your business operations.
5. Year-end financial statements
We can prepare your annual financial statements in compliance with legal requirements, utilizing either the monthly/quarterly accounts we have prepared or your financial records. These statements serve as the basis for your annual tax return and are presented at the AGM. Our team will ensure that they accurately reflect your company's financial status.
Additional accounting services
Depending on your company size, you may also need some of our ad-hoc & ongoing services:
Management reporting
We will prepare an entity's management accounts and/or group consolidated account using a cloud accounting software, covering the following:
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Design and implementation of an accounting system and reporting structure for newly incorporated companies
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Preparation of periodic management reports, including group reporting packages
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Preparation of consolidated financial statements for statutory or management reporting purposes
Financial planning & analysis
Going beyond reporting for statutory purposes, we can assist with budgeting and forecasting, oversight of internal controls and more.
Review of accounting policies & procedures
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Confirm the technical accuracy of the current accounting policies
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Updates accounting policies to reflect the current accounting developments
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Benchmark the current accounting policies against industry norms