Catch-Up Bookkeeping Pricing Plans

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For busy Malaysian SME owners, catch-up bookkeeping can feel like an overwhelming task.

If you’ve fallen behind on your financial records for the past year or several years, don’t worry!

Our professional remote bookkeeping services are designed to help you clean up your backlog, ensure your financial records are accurate and compliant, and enable you to focus on growing your business.

Plan 1: Basic Yearly Catch-Up

Suitable For:

  • Businesses with relatively simple operations and fairly organized records.
  • Those needing to catch-up for only one full fiscal year (12 months).
  • Businesses with basic financial reporting requirements.

Scope of Services:

  • Catch-up bookkeeping for one full fiscal year (12 months).
  • Reconciliation of up to 3 bank/credit card accounts.
  • Categorization of transactions using a standard chart of accounts.
  • Preparation of basic year-end financial reports (Profit & Loss, Balance Sheet).

Fixed Project Fee Range:

RM 3,000 – RM 6,000

(depending on preliminary assessment – see below).

Additional Fees (If Needed):

  • Additional bank/credit card account: RM 300 per account.
  • Complex inventory clean-up: RM 500 – RM 1,000 (depending on time and complexity).
  • Additional year of backlog: RM 2,000 – RM 3,500 (depending on the above factors).

Plan 2: Standard Yearly Catch-Up

Suitable For:

  • Businesses with moderately complex operations and some inconsistencies in their records.
  • Those needing to catch-up for one full fiscal year (12 months).
  • Businesses with higher financial reporting requirements.

Scope of Services:

  • Catch-up bookkeeping for one full fiscal year (12 months).
  • Reconciliation of up to 5 bank/credit card accounts.
  • Categorization of transactions using a detailed chart of accounts.
  • Preparation of year-end financial reports (Profit & Loss, Balance Sheet, Cash Flow Statement) and additional analysis reports.
  • Review and clean-up of the existing accounting system setup, and adjustment where necessary.

Fixed Project Fee Range:

RM 6,000 – RM 12,000

(depending on preliminary assessment – see below)

Additional Fees (If Needed):

  • Additional bank/credit card account: RM 400 per account.
  • Complex inventory reconciliation: RM 800 – RM 2,000 (depending on time and complexity).
  • Additional year of backlog: RM 3,000 – RM 5,000 (depending on the above factors).

Plan 3: Comprehensive Yearly Catch-Up

Suitable For:

  • Businesses with complex operations, messy records, or those needing to catch-up for multiple fiscal years.
  • Businesses with higher accounting system and process requirements.

Scope of Services:

  • Catch-up bookkeeping for one or multiple full fiscal years.
  • Reconciliation of 5+ bank/credit card accounts.
  • Comprehensive review, correction, and categorization of all existing transactions.
  • Preparation of detailed financial reports for the catch-up period.
  • Full accounting system clean-up, optimization, and setup as required.
  • Set up bookkeeping procedures.

Fixed Project Fee Range:

RM 12,000+

Quoted after a detailed assessment – can reach 20,000+ depending on the scale, complexity and number of years)

Additional Fees (If Needed):

  • Fees for each additional year.
  • Fees for complex reconciliation, or inventory clean-up.
  • Fees for multiple business entities within the yearly record.
  • Fees for complex or multiple entities.
Free Cosultation

Important Notes:

  • Preliminary Assessment: We will conduct a preliminary assessment of your records to determine the most suitable plan for your business.
  • Flexibility: These plans are flexible and can be adjusted based on your specific needs.
  • Transparency: Our pricing is transparent, with no hidden fees.
  • Additional Services: Additional services, such as complex inventory reconciliation, tax consultancy, or handling multiple entities, will be charged separately.
  • Payment Schedule: Payments will be structured based on project milestones.
  • Multi-Year Catch-Up: For businesses requiring a multi-year catch-up, fees will be adjusted based on assessment and complexity.

How to Choose the Right Plan for You:

  1. Initial Consultation: Please contact us to schedule a free consultation, where we can discuss your specific needs and challenges.
  2. Sample Review: You may provide samples of your financial records, so we can assess the workload and complexity.
  3. Customized Solution: Based on the above, we will provide a customized quote and proposal that best fits your situation.