Introduction Running a small or medium-sized business (SME) means inventory is a big deal. Having too much stock can trap your cash in unsold products, while running out means missed sales and unhappy customers. In this post, we’ll break down practical ways to keep inventory balanced so ...
Introduction As a business owner, understanding cash flow and profit is crucial to ensuring the success of your business. These two concepts might seem similar, but in reality, they have significant differences and can greatly impact your business. In this article, we’ll explore the ...
Introduction Liquidity is a big deal in finance, but it’s something that a lot of small business owners don’t always fully get. Simply put, liquidity is all about how easily your business can turn stuff like inventory or equipment into cash to cover day-to-day expenses without throwing...
Introduction Tax penalties can be a significant burden for small and medium enterprises (SMEs) in Malaysia. Missed deadlines, inaccurate records, and human errors can lead to costly fines and legal repercussions. Fortunately, there is a solution: e-Invoicing. With e-invoicing, businesses c...
Introduction Managing finances is often one of the biggest challenges for small and medium enterprises (SMEs) in Malaysia. With daily operational demands, many business owners overlook a crucial aspect of financial management—monthly reviews of their financial statements. These statement...
Introduction Understanding financial statements is crucial for any Small and Medium-sized Enterprise (SME) looking to make smarter business decisions. In this article, we’ll demystify financial statements, including how to read and analyse them. Whether you’re an SME owner or a manager...
Introduction Managing finances for small and medium enterprises (SMEs) requires precision and a deep understanding, especially when preparing financial statements. Mistakes in financial statements can not only misrepresent a business’s performance but also lead to poor decisions that...
1. Introduction As an SME boss, running an SME can feel like you’re always playing catch-up, especially when it comes to managing finances. So, it’s essential to have a clear understanding of your business’s financial health. Many business owners get caught up in daily operations...
Introduction to Proft and Loss Statement A Profit and Loss Statement (P&L) is one of the most essential tools for evaluating the financial performance of your business. This document shows the company’s operating results over a specific period, highlighting both the revenue earne...
