BDCM-B-Week58-BKG: How to do proper Bookkeeping?

 In personal, business, company and partnership financial, bookkeeping is a necessary action that will provide more information for the later accountant to come out with analysis for either the forensic, planning or present decision making purposes.

This new topic starting by today and will be update weekly on Monday, will focus on best practice of Book Keeping and how you can benefit from it.

For the 1st lesson, whatever you purchase always keep the receipt or invoice. It does not matter whatever you purchase, as long it is for the business purposes, do keep the receipt. 

In Malaysia, LHDN strictly recommends the information keeping up to 7 years and the information must be kept in Malaysia. Hence it is very important to keep all related documents that is related to purchase or sell. 

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