(Preparation of Management Report with Income Statement, Balance Sheet and supporting schedules)
Proper records and accounts should be kept so that the income earned and business expenses claimed can be readily determined. The accounting records supported with invoices, receipts, vouchers and other supporting documents must be kept for 7 years.
Accounting outsourcing is an effective method of reducing their administrative costs and more importantly enabling clients to focus on their business.
Type of Arrangement are as follows: