The Power of Financial Management for SMEs Running a small or medium-sized enterprise (SME) is like embarking on a captivating journey. Imagine you’re setting off on a road trip to explore new horizons. Now, picture navigating that journey without a reliable map or GPS. You’d likely end up lost, disoriented, and facing unexpected challenges. Similarly, in the world of business, …
A Guide to Manage Performance of Workers When dealing with performance of workers, here’s a simple approach: 1. Set Performance Agreement: Clear goals and work delivery as a basis are defined for delivery and improvement in the form of agreement between supervisor and worker in both verbal and non verbal format. If need be, Human Resource Department is included 2. …
A Guide for Financial Accounts Management for SMEs Business owners often feel stressed about several aspects of monthly management accounts: 1. Complexity: Financial statements can be intimidating, especially for those without a financial background. The numbers, jargon, and various reports can be overwhelming. 2. Time Constraints: Running a business already takes up a lot of time, and dealing with financial …
A Guide for Fair Termination Practices for Employees in Malaysia In the world of business, the need to terminate staff members may arise due to various reasons. However, it is crucial for employers in Malaysia to conduct these proceedings in a professional and lawful manner. This article provides a guide to properly terminating staff while adhering to the Employment Act …
SMEs, should you hire or outsource your basic finance function in 2023 When considering the cost of hiring a staff versus outsourcing an executive staff in Malaysia, several factors come into play. Here is a summary of the main aspects to consider: Let’s consider an example of the cost differential for hiring an entry-level accounts executive staff in Malaysia compared …
What is happening with the falling of Ringgit Malaysia? The Malaysian Ringgit currently has fallen below the weakest point during the most challenging period of the Asian Financial Crisis which was in 1997. With more than half of our food supply are imported will further add on the exchange rate impact to the bottom line and also will further put …
How to manage and reduce sick leave Sick leaves fall under the category of unscheduled absences as it is impossible to know when a staff member will fall sick. This is all part of the risks and struggles in running a business or an organization. The challenge will be even more challenging when a team member’s sick leave become excessive …
South East Asia Best SME Accounting & HR Consulting Firm 2023 In-Tune Business Services is an outsourcing accounting firm in Malaysia with over 40 years of practice and collective experience. Established in 2007 in Puchong, Kuala Lumpur, it is a business consultancy dedicated to making finance and HR easy for its SME clients. InTune Outsourcing serves the needs of small …
EPF’s financial results revealed a dropped by approximately 20% year-on-year in 2022 Recent report and data from Employees Provident Fund (EPF) reported a 19.7% decline in its total gross investment income to RM55.33 billion for 2022, down from RM68.89 billion in 2021, as evidenced from lower by weaker performance across all its asset classes. A major part of the total …
SMEs, are you concerned with the increasing employees’ costs in your business? The Malaysian Government, after implementing the increased in minimum wage from RM1,200 to RM1,500 and overtime for worker’s earning less than RM4,000 as opposed to RM2,000 previously, further reduced the minimum working hours to 45 hours from 48 hours with increased maternity leave from 60 days to 98 …