Terrence Chong | Beacon Articles

Why is Payment Voucher still relevant today?

Payment Voucher is an integral part of Malaysian business and accounting culture. It is imperative that a payment voucher is created for each payment issued. It is a document to proof payment has been made to a specific party or supplier … Continued

Importance of Delivery Order “DO” during dispatch and receiving goods

Why issuing a DO is important for businesses dealing with goods? A DO (Delivery Order) is a document to show whether goods dispatch out were delivered and accepted by customers. A DO will include various details such as description of goods, … Continued

Knocking Off Invoices the Modern Way – No more hunting for invoices to knock off.

Knock Off Invoices – What is this? The term knock off invoices is a predominantly Malaysian term used by businesses and accountants to account for payment of invoice and/or invoices via Cash/Cheque received by customers. Commonly, businesses in Malaysia will … Continued

Tax Invoice vs Official Receipt – What is the difference?

Tax Invoice & Official Receipt. What is the difference? This a very common questions being asked by businesses. Why should I issue an Official Receipt even though I have already issued a Tax Invoice for my customer for payment. Purpose … Continued

Stock Movement – Keeping an eye on your stock.

Knowing your stock status is the lifeblood of any business selling goods. Whether you are running a traditional retail or ecommerce, having the right amount of stock is essential Thus, knowing how your stock movement allows you to manage your sales … Continued

GST vs SST – How will it affect Malaysian businesses?

Author Archives: Terrence Chong