Bad Debt Expenses happens when a sales receivable becomes un-collectible. This could be due to many reasons such as bankruptcy, run-away client etc. The fact is, the sales payment is

What is a Credit Note? A Credit Note is a memo prepared and issued by one party to the other party, containing the details of the amount credited. It is usually

In the simplest term, a Receipt Voucher (RV) is a proof of a monetary receipt issued by the company. It is also a form of money tracking mechanism. This receipt

Essentially, a Payment Vouchers (PV) is a proof of a monetary payment issued by the company. Like the Receipt Voucher, it is also a form of money tracking mechanism. However,

Bank Account Format differs between banks. This following list shows the banks in Malaysia and its respective bank types/formats. This is for reference only. Source: Maybank website

Imagine this? You run a business and you have a team of accountants preparing your financial records for you. Typically, you would allow some accounting adjustments even after the reporting

A chart of accounts (COA) is a financial organizational tool that provides a complete listing of every account in your financial system. In other words, it is a map of