Managed services

Corporate services

accounting-solutions

The ever-evolving market landscape is placing new demands on companies in delivering their accounting, reporting, and other corporate services commitments

Whether you’re setting up a new business, expanding into new territories, streamlining your finance functions, or executing a corporate transaction, having the ability to manage complexity efficiently is critical in these scenarios.

The volume of data is ever growing, and regulatory requirements and accounting standards are becoming more complex to keep up with the ever-evolving business landscape you operate in. But these challenges should not slow you down.

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Here’s how we can help

We recognise that having an effective and efficient accounting, financial reporting functions, and other corporate services is the backbone of any successful business. Our knowledge and tools will help you meet your obligations. We address critical resourcing needs, identify the right strategies to manage costs, help you enhance your efficiency and build trust in a volatile landscape.

Through our wide range of services, we are committed to giving you the value and insights you are looking for, whether you are a startup, a small or medium-sized business, or a multinational corporation.

Our solutions can be tailored to meet the unique challenges of your industry. When working with our experienced teams, you can expect to have smooth and efficient financial operations and achieve financial transparency.

Our services

Accounting and management reporting

  • Cloud-based accounting database setup – Set up your accounting database tailored to your needs with our accounting system
  • Tailored chart of accounts and workflow systems – Customise to fit seamlessly with your daily business operations
  • Insightful management financial reports – Gain clarity and insights with management financial reports and in-depth analysis 
  • Group account consolidation and tax accounting – Optimise your financial reporting needs with our services in consolidation and tax accounting for both statutory and group reporting
  • Tax and audit support – Benefit from our liaison services with tax agents and auditors, facilitating smooth access to management accounts and financial statements

 

Financial statements preparation

  • Compliant financial statements – Prepare your annual statutory financial statements in accordance with local accounting framework 
  • Interim financial reporting – Prepare interim condensed financial statements for listed companies to meet Bursa Malaysia’s listing requirements

Outsourcing of XBRL tagging for financial statements

  • eXtensible Business Reporting Language (XBRL) tagging services for your financial statements in the Malaysian Business Reporting System (MBRS) platform
Malaysian Financial Reporting Standards (MFRS)

MBRS training for financial statements preparers (two days)

About the training 

Our two-day training aims to cover the following: 

  • Overview of XBRL and MBRS 

  • SSM Taxonomy (SSMxT) and its use 

  • MBRS filing requirements 

  • Exemptions Application (EA) Taxonomy 

  • Creating XBRL documents and filling up the scoping questions 

  • How to fill FS and KFI documents for submission 

  • Validating and rectifying errors

  • Generating and submitting an XBRL file to SSM 

  • Functions and features of MBRS preparation tools 

  • Hands-on training on using the mTool with sample financial statements

We adopt an experiential learning and interactive approach in our training, supported by presentation slides, hands-on training and practical sharing by our experienced facilitators.

A total of 16 CPE/CPD hours will be awarded following the 2-day training. 

Who should attend

Preparers of financial statements and anyone who is involved in lodging annual returns, financial statements and reports are encouraged to attend this training.

To apply for the SBL scheme, you must submit the completed form PSMB/ PGL/1/09, together with the detailed programme agenda and speaker’s profile—we will provide you these by request. Companies that contribute to the Human Resource Development Fund (HRDF) are entitled to obtain a training grant from the Human Resource Development Corporation (HRDC) under the Skim Bantuan Latihan (SBL). The application requires HRDC’s approval.

Payment facilitation

  • Simplified payment management – Ensure timely handling of vendor payments, staff claims and payment obligations to local authorities 
  • Flexible payment solutions – Choose between setting up a PwC Trust Account for payments or using your company’s corporate bank account 
  • Bank reconciliation – Maintain financial accuracy with meticulous bank reconciliations

Interim secondment services

  • Swift resource assistance – Navigate unexpected challenges with our dedicated support tailored for unforeseen and urgent demands for functions such as finance, accounting, etc. 
  • Flexible workforce solutions – Bridge temporary resource gaps with our provision of contingent manpower, delivering expertise right when and where you need it 
  • Streamlined documentation and control – Elevate your organisational efficiency with our support in documenting processes and implementing effective controls

e–Invoicing set up and submission

  • MyInvois portal access setup – We provide complete guide to the set up of your MyTax and MyInvois portal access including the application process of your company’s representative on MyInvois portal 
  • Hands-on e-Invoice training – Master the manual upload of e-Invoice templates with comprehensive training 
  • e-Invoice submission support – Submit your e-Invoices for Inland Revenue Board of Malaysia (IRBM)’s validation via MyInvois portal

Other support services

  • SST management – Simplify your tax obligations with our preparation and submission services for Sales and Service Tax (SST) returns 
  • KYC support – Strengthen your business operations with our assistance in navigating and implementing Know Your Customer (KYC) processes for optimal compliance and customer insights 
  • Other support – Customized operational and administrative support and tailored solutions to fit your business needs
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Contact us

Jagdev Singh

Jagdev Singh

Chief Network Officer & Strategic Portfolio, PwC Malaysia

Tel: +60(12) 208 3798

Mohd Haizam Abdul Aziz

Mohd Haizam Abdul Aziz

Director, Tax, PwC Malaysia

Tel: +60 (3) 2173 5355

Rozaiha Zainuddin

Rozaiha Zainuddin

Senior Manager, Managed Services, PwC Malaysia

Tel: +60 (3) 2173 0879

Mei See Loong

Mei See Loong

Senior Manager, Managed Services, PwC Malaysia

Tel: +60(3) 2173 0845

Zhen Tong Tan

Zhen Tong Tan

Senior Manager, Managed Services, PwC Malaysia

Tel: +60 (3) 2173 3250

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