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Companies able to take a look into Bookkeeping results at the end for measure their business performance. A proper Bookkeeping not only acted as a key point to measure company business performance through different perspectives, but it can provided company the details information to make certain operational decisions. In the short words, Bookkeeping let company can had the records to look into their business sales, purchases, income & expenses, etc.

Monthly Bookkeeping is suitable for those companies which had daily sales & high transactions volume. (Like mini market, hardware shop, beauty salon, hair cut salon, etc)

Monthly Bookkeeping can prevent:-

1) detect & ensure monthly payment is accuracy paid

2) more efficient in perform job task in short term, reduce the work loads in long term run  

3) find the errors on the spot, not need chased for old, missing documents from clients for last minute

4) make the short term strategical decision for business improvement as easily to discover & see clearly some issue when go through report statement

A dormant account is a inactive account which not longer had the transactions where deposits, withdrawal or transferring for a certain continuous time, excluding the impose 

Form BE is personal income tax filing; FORM B is business statutory income tax filing no matter is sole-proprietorship or partnership.

Form P defined as annual income tax return to be filling to show all the income earned and expenses spending during the partnership year.

(Still need to submit for partnership FORM P although some companies not need paid tax)

Bank reconciliation is a progress to take place in Bookkeeping part to make sure the amount in debit or credit side of bank statement is matching with the double entry located & transaction amount posted in general ledger. 

Bank reconciliation step will helps organization to determine their business cash flow time to time by reconciliated each of the transaction deposited & withdrawal monthly.