Outsourced vs In-house Accounting

Outsourced vs In-house Accounting

Outsourced Accounting Outsourcing your accounting and bookkeeping is always a great move for a business! It allows organizations to focus on building their business without worrying much on the technical details. It also ensures that good managerial accounting decisions are … Continued
Starting a new business ?

Starting a new business ?

Embarking on a new business venture is no easy task. It is often said that 50% of new businesses fail within the first 5 years. You may be thinking that you’re the special one that survives it. You have a … Continued
Cloud Accounting vs Traditional Accounting Software

Cloud Accounting vs Traditional Accounting Software

So what is the difference between Traditional Accounting Software and Online Accounting Solutions (Cloud Accounting Software) I hear you ask? And what one should you use? Desktop Accounting Software, or Traditional Accounting Software has been around for much longer. Cloud Accounting Solutions have … Continued
Do I really need an Accountant / Book-keeper ?

Do I really need an Accountant / Book-keeper ?

Beacon is unlike traditional offline accounting software. Traditional software is built for accountants to use, Beacon on the other hand is built for business owners or layman to use. Run your business as usual with Beacon, issue Invoices, record purchases … Continued
Book-keeper vs Accountant

Book-keeper vs Accountant

Bookkeepers and Accountants are often mistaken by many business owners as being the same person. While it is true in some cases, freelancers in particular, in most cases an Accountant is certified to perform your year-end tax preparations and/or audits. … Continued
How much does it cost to outsource book-keeping or accounting ?

How much does it cost to outsource book-keeping or accounting ?

Outsourced book-keeping/accounting can cost anywhere between RM 200 to RM 10,000 or more per month. It depends on the services required and how much work is done by book-keeper / accountant. It is also very important to use a Cloud … Continued
Beacon vs Xero vs QuickBooks vs Wave

Beacon vs Xero vs QuickBooks vs Wave

Cloud Accounting softwares are each unique on its own. You may find that QuickBooks and Xero offer similar functions and Wave is very limited (albeit its irritatingly slow loading speed). If you’ve heard of Xero and QuickBooks, you’d be wondering … Continued
How is Beacon Cloud Accounting different ?

How is Beacon Cloud Accounting different ?

What makes us different from other Cloud Accounting Software is that we are based in Malaysia and we understand how businesses in Asia operate. Beacon is also full featured with Payroll, Accounting and Inventory modules integrated under one platform; no … Continued
Why is Payment Voucher still relevant today?

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