Computerised Accounting and Bookkeeping Services for Companies

MCS provides computerised accounting and bookkeeping services for companies which require a complete set of financial statements.

  • Keeping full set of accounts either on monthly or yearly basis as required by its clients
  • Banks and other account reconciliation and audit schedules
  • Ensure accounts preparations are in accordance with applicable approved accounting standards and in compliance with relevant statutory requirements
  • Attend to and liaise with the Company's auditors during the annual financial audit

Our monthly accounting responsibilities will establish and support the following functions:-

  • Master data management
  • Accounts Payable (Purchasing process)
  • Accounts Receivable (Invoicing process)
  • Maintaining the computerized accounting records for bank account, petty cash account, general ledger and journal entries.
  • To ensure that accounts are prepared in accordance with applicable approved accounting standards and in compliance with the necessary statutory requirements.
  • Attend to and liaise with the Company’s auditors for carrying out annual audit.
  • Keeping full set of accounts either on monthly or yearly basis as required by its client.
  • Banks and other account reconciliation.
  • Ensure accounts preparations are in accordance with applicable approved accounting standards and in compliance with relevant statutory requirements.
  • Attend to and liaise with the Company's auditors during the annual financial audit.

STANDARD FINANCIAL REPORTS

PROCESS FLOW

Master Data Management

  • Client agrees the appropriate financial master data with the SP (MSCMS-CS) such as chart of account, cost centre etc.
  • Client authorised the SP (MSCMS-CS) officially for bank processing.
  • Enter the journal into the system.

Accounts Payable

  • Received Purchase Requisition Note signed by the dept. & nominated representatives.
  • Issue Purchase Order and send to the supplier.
  • Receives the invoice and attaches Purchase Requisition Note, Purchase Order & Delivery Order.
  • Enters the invoice in the system.
  • Sends monthly report to the client about payment status.
  • When client approved the payment status report, issue payment voucher & checks/internet banking.

Accounts Receivable

  • Received details from the client.
  • Issue invoice & get approval from the client’s Finance Manager.
  • Sent invoice to the customer.
  • Enter the invoice into the systems.
  • Off-set payment receive from the customer with invoice in the system.
  • Delivers Receivable Ageing Report to the client to inform about the payment status.