Skip to main content Skip to search


Constructing a Cash Flow Statement

A cash flow statement is used together with the income statement and balance sheet to give you a full financial picture of your business. This is our third section of the accounting series. We give how’s to constructing a cash flow statement with objectives, profit & cash, and calculating operating cash flows within the examples.

Have any questions? Leave us comments below with #tanyaFMBpartner!

FMB Partner menyediakan jasa penghitungan, pelaporan pajak lengkap dengan penghitungan risiko perpajakannya. Sebelum terhambat, sebelum terlambat, sila tanya dan hubungi kami di  +6221-39728888 atau

Follow us on FMB Partner social media pages:

Facebook Page

FMB Partner IG Page

FMB&Partner Law Firm IG Page

Read more

Constructing an Income Statement

The income statement is another name for the small business owner’s profit and loss statement. This is our second section of the accounting series. We will give how’s to constructing an income statement with objectives as explain the format of the income statement, record transactions, and prepare a simple income statement.

Have any questions? Leave us comments below with #tanyaFMBpartner!

FMB Partner menyediakan jasa penghitungan, pelaporan pajak lengkap dengan penghitungan risiko perpajakannya. Sebelum terhambat, sebelum terlambat, sila tanya dan hubungi kami di  +6221-39728888 atau

Follow us on FMB Partner social media pages:

Facebook Page

FMB Partner IG Page

FMB&Partner Law Firm IG Page

Read more

Recording Transactions

We have shown you the three key to the financial statements and how’s to balance the balance sheets. Now, it’s time to show you how to record transactions! In this post, we will show the example of the following transactions to be recorded. Have any questions? Leave us comments below with #tanyaFMBpartner!

FMB Partner menyediakan jasa penghitungan, pelaporan pajak lengkap dengan penghitungan risiko perpajakannya. Sebelum terhambat, sebelum terlambat, sila tanya dan hubungi kami di  +6221-39728888 atau

Follow us on FMB Partner social media pages:

Facebook Page

FMB Partner IG Page

FMB&Partner Law Firm IG Page

Read more

Balancing the Balance Sheets

In the previous post, we have shown you the three key to the financial statements. The first key is the balance sheet and in this post, we will explain the format of the balance sheet. Here’s how you balancing the balance sheet that you should know. Have any questions? Leave us comments below with #tanyaFMBpartner!

FMB Partner menyediakan jasa penghitungan, pelaporan pajak lengkap dengan penghitungan risiko perpajakannya. Sebelum terhambat, sebelum terlambat, sila tanya dan hubungi kami di  +6221-39728888 atau

Follow us on FMB Partner social media pages:

Facebook Page

FMB Partner IG Page

FMB&Partner Law Firm IG Page

Read more

The Three Key Financial Statements

Here are the three key financial statements that you should know! Swipe left to read the whole finance tips! Have any questions? Leave us comments below with #tanyaFMBpartner!

FMB Partner menyediakan jasa penghitungan, pelaporan pajak lengkap dengan penghitungan risiko perpajakannya. Sebelum terhambat, sebelum terlambat, sila tanya dan hubungi kami di  +6221-39728888 atau

Follow us on FMB Partner social media pages:

Facebook Page

FMB Partner IG Page

FMB&Partner Law Firm IG Page

Read more

5 tips for brilliant bookkeeping

If it’s your goal to grow a thriving business, it’s vital to have a safe pair of hands handling the accounts. Inaccurate bookkeeping can harm your business and can even result in severe penalties – but having strong financial statements can save you in many different ways.

One interesting thing about being an entrepreneur is that you like to look ahead. You tend always to look for the new opportunity, for the next challenge, for tomorrow’s customers. Mostly, it’s a great characteristic to have. However, it does mean that few entrepreneurs relish breaking their stride to deal with a pile of paperwork.

In footballing parlance, entrepreneurs would be the attacking players; the strikers and wingers. But it’s no good being able to score goals if you also keep conceding them, which is why every good attacking team also needs a strong defence and a great goalie. And in the business world, your goalkeeper is your bookkeeper.

The bookkeeper’s job is to keep rigorous accounts of all financial transactions – everything the business sells, buys, owes and is owed. This is vital, and not just because you need accurate annual financial statements. Good bookkeeping can also help with the more exciting, forward-planning side of things – because knowing the past makes it easier to predict the future.

Here are some of the key things a good bookkeeper should do.

  1. Keep your business and personal finances apart

If you’re a sole trader you are not legally obliged to have a separate business bank account – but you should have one nevertheless. Otherwise your books will soon be a nightmare to maintain, unless you record every penny of personal spending too.

  1. Keep clear and separate records

Bookkeeping typically requires at least three ‘books’ (i.e. financial records): the cash book, sales invoices, and purchase invoices.Your cash book records everything passing in and out of the business’s bank account. This record of cash flow makes it an invaluable planning tool, as you can use it to underpin forecasts.

Your sales invoice file keeps a record of all your sales. Keep unpaid invoices together in a separate section.

Your purchase invoice file should record all purchases chronologically, along with the payment method.

  1. Control your credit

A full sales ledger is a beautiful thing, but if your customers haven’t paid yet, that beauty is only skin-deep. Set strict deadlines for your customers to pay their bills to you, and consider blacklisting repeat offenders if you think they are taking advantage. Chase every late payment, as each is essentially an interest-free loan. Without rigorous credit control, a small business can quickly develop a cash-flow crisis.

  1. Track expenses

Business expenses can be claimed against tax, so tracking them is essential for cutting overheard and maintaining healthy cash flow. Use a business credit card where possible (as this itself provides a basic accounting system) and keep careful records of all other expenses, categorising them by business activity.

Categorisation of expenses can prove especially important if your business happens to be audited. Numbers on tax returns are frequently estimates  so it really helps to be able to provide supporting evidence for these.

  1. Plan ahead

One of the best reasons to keep track of where you’ve been is that it helps you work out where you’re going. Looking at the past year’s books, you can usually spot the times when a bit more forward planning would have saved you money and stress.Identify the major expenses of the year ahead and fix them in your business plan. Anticipate likely business costs (e.g. insurance premiums or IT upgrades) but always give priority to your tax obligations – you won’t be able to delay these. There may be times when your business seems awash with cash, and you may be tempted to take out more than usual – having a full roadmap of future expenses will warn you to be careful.

Bookkeeping may not sound like the most glamorous role in the business, but ultimately every other role depends upon it. Just as every goal saved is worth a goal scored, every pound saved through diligent book-keeping is as good as a pound earned. Best of all, having a safe pair of hands behind you to take care of the books gives you, as business owner, the freedom and confidence to lead from the front. An accountant can take care of your bookkeeping as well as providing a wide range of other valuable services for your business.

If you are looking for one locally, FMB Consultant offer essential bookkeeping services to ensure steady business operations. With a team of professionals and experienced accounting, allow us to manage your regular administration and bookkeeping needs, get you more time to focus on growing your business. For small talk or discussion please contact:

Managing Partner,
Ivan Liyanto
+62 899 6777 879

Client Management,

Follow us on FMB Consultant official social media pages:


Facebook Page

Instagram Page

Article Source: Unbiased UK


Read more

How the role of the accountant is changing

Digital is driving fundamental change across all business sectors, and accounting is no exception. Certainly, compliance and bookkeeping remain the focus, but technological efficiency have prompted a shift away from dealing purely with numbers to providing wider services as part of a portfolio.

Accountants are becoming specialists in many new areas of business, and clients are welcoming this broader support. From taxes and accounting standards to financing tips and new ways of working, the expectation is that accountants will be able to become more of a trusted advisor by providing more wide-ranging strategic advice.

Here is a three-step guide to keep up with these evolving needs and secure a position in the market:

  1. New ways of working are a must – We’re living in an always-on world and small companies expect the same level of responsiveness as they are offering their own customers. The demand for regular updates and a whole host of services at their fingertips means accountants need to work harder than ever to deliver a first-rate experience. The accountancy firms that are thriving are ones that work with their clients to deliver personalised services via the client’s chosen method. This could be leveraging everything from social media to video chat to new apps. Understanding how a business wants to communicate will help to evolve the relationship beyond pure number crunching. This is all made possible by both parties having access to client data from anywhere in the world, at any time, so conversations based on real-time numbers can happen at any time.
  2. Heading to the cloud – To improve the way they operate, accountants should look to cloud and mobile. Cloud-based tools are now so intuitive and simple to use that many of the traditional and time consuming bookkeeping methods have been simplified beyond recognition. Clunky spreadsheets have been replaced by cloud tools designed for purpose and this is allowing accountants to focus on other ways to add value to their clients’ businesses. Investing in tools that automate and streamline processes such as workflow, payroll and sales tax calculations – to name just a few – will free up capacity to spend more time on strategic advising. It’s what customers expect, too: 69% of UK SMEs are now using cloud-based applications, according to the British Chamber of Commerce, and they expect to work with advisors which are using the same tools.
  3. Don’t be afraid to define a niche – While it’s true that businesses are expecting a broader range of services, there remains a big opportunity for accountants to grow their business by servicing a specific market segment, whether that’s retail, manufacturing or the sharing economy. By doing this they can learn the specific challenges and opportunities facing a sector and become a lucrative market specialist. This will help accountants to provide the best strategic advice to clients, taking into consideration all aspects of the business from industry and business size to target audience.

The reality is that a growing number of clients are in search of more rounded and robust business advice from their accountants. To get on the front foot and offer broader support to their clients, accountants must embrace technology. By waiting until being digital is required, accountants could well be left behind as a new breed of specialists in everything take on this new type of work.


Source: Business Zone UK
Read more

Artcounting: Branding Yourself

Branding is very important. Everyone and every business has a brand. Including our accountants and consultants. In attention to branding creates a brand that might not be what you would like, but nevertheless you will have a brand. Branding needs deliberate attention.

A brand is an intangible image a company has. It cannot be felt or touched, it cannot be bottled or mass produced, and it cannot be changed without effort. Logos and trademarks are not the brand, but are evidence, depictions or reminders of the brand. You do not need a logo, but if used, it conveys the brand so it must be carefully chosen.

We work hard at supporting, strengthening and projecting our brand. And we do it all the time in all situations.


Here are some recent things our team did and that you can think about doing:

• Try to dress appropriately for the client, but a little more upscale. Wear fine ties to client that appreciates suites/formal wear and if you have a meeting and think about what to wear, with no doubt, always wear a Batik.

• When you go to a client meeting and have a memorandum that is more than two pages, prepare a cover with the client’s logo and have it bound into a booklet.

• Try to reply to every email saying that it has been received, and if a reply is needed, give a time or date. Always leave some lead time and make sure to respond sooner.

• When a response is needed, it is much easier to call with your personal answer rather than typing or dictating an email. If clients have their phone number in their email address, it is just one click away on the cell phone to dial the number. If client doesn’t answer, leave a brief message or ask for a call back.

Work primarily off your cell phone and always reachable with it. Now you should be very careful to call people who might need to call you back on your cell. When you have a direct dial number in the office, if you call from there, that number is not recorded on the receiving phone. Instead, your firm’s general incoming number shows up on their phone. Then, no matter what your message is, you get called back on the calling number, causing delays since it goes through the receptionist. If you are not in, they have to leave a message, when it is likely you could have answered the call on your cell phone.

• Sometimes you are home and need to call someone. Never ever use a home phone even if the land line is more convenient. If you do, that can become the number of choice or convenience for the person who needs to return your call, or to call you at some other time. This can invades your “personal” space and can clog up the home’s voice mail with business messages that should only be heard by you (not by family member).

• Work at showing “availability.” Do this by frequent calls to clients “checking in” or even stopping at their offices or factories if you are in their area to say hello. These 10-minute showing-ups work wonders in indicating availability and that you are thinking of them. You can also do this with referral sources such as attorneys and other accountants.

• Write frequent blogs and columns such as this. They can be serious, or some aren’t—and are designed to signpost your personality and interests. We believe this personalizes you and makes yourself more approachable.

• Buy and mail books to clients that you believe they would be interested in or enjoy reading. You do not have them sent directly to clients, but have the book sent to you and you repackage it to send out. When you can, mail it to the client rather than bring it to them. This indicates you were thinking about them afterwards and took the time to get the book and mail it to them. You can use POS, Tiki, JNE etc. Mostly using the one day delivery service such as Go-Send for mailing books can be more convenient when the address is not too far from where you/your office are.

• The type of car you drive also fits in with your brand. We won’t comment further on this, but keep this in mind.

• Perhaps one of the biggest brand establishers or busters is the person answering your phone or greeting a visitor to your office. Super important. For many, this is the first point of contact and first impressions are very important.

• Wrong spelling, especially a client’s name, is fatal. Bad imaging. Never let this occur.

• We take pains to dress well, but what about your briefcase or shined shoes or your beat-up old umbrella? These details are visual reflections of your brand.

We could go on and on with this and then establish a brand of being longwinded. The main point is the importance of working on your brand.


This article is re-written with some modifications and is originally published on Accounting Today by Edward Mendlowitz.
Read more

Solusi untuk Wajib Pajak Profesi Agar Tak Lebih Bayar Pajak

Setelah mendapat protes dari Artis bahwa setelah amnesti pajak berakhir, mereka menjadi harus membayar pajak lebih tinggi dari sebelumnya, Direktorat Jenderal Pajak (Ditjen Pajak) mengimbau kepada seluruh Wajib Pajak (WP) terutama pada pekerja profesi untuk memiliki pembukuan penghasilan. Seperti artis, pengacara, dokter dan profesional lainnya.

Dirjen Pajak Ken Dwijugiasteadi mengatakan, pembukuan penghasilan ditujukan untuk penghitungan pajak per tahunnya yang lebih jelas dan lebih murah dibandingkan dengan tidak memiliki pembukuan penghasilan.

Menurut Ken, membuat pembukuan tentunya bukan sesuatu yang sulit bagi profesi artis karena hanya mencatat berapa yang mereka hasilkan dan berapa yang merka keluarkan sebagai biaya. Jika WP memiliki pembukuan, maka jumlah pajak penghasilan terutang bisa lebih rendah karena tarif pajak langsung dikalikan dengan penghasilan neto WP tanpa memperhitungkan tarif norma.

Sebagai informasi, sesuai Pasal 1 Peraturan Direktorat Jenderal (Perdirjen) Pajak Nomor 17 Tahun 2015 tentang Norma Penghitungan Penghasilan Neto (pasal 17 UU PPh), kewajiban penyelenggaran pembukuan ditujukan kepada WP orang pribadi yang melakukan usaha dengan peredaran brutonya mencapai Rp4,8 miliar atau lebih dalam satu tahun.

Di mana, aturan tersebut yakni tarif normal x (penghasilan yang telah dikurangi biaya) – PTKP x tarif pasal 17 UU Pajak Penghasilan (PPh). Sebagai contoh, artis dengan penghasilan Rp 500 juta dikurangi biaya Rp 100 juta dikalikan tarif normal yang sebesar 62,5% lalu dikurangi PTKP per tahun Rp 54 juta, setelah itu dikalikan tarif PPh 25% sehingga pajak yang dibayarkan sebesar Rp 49 juta.

Atau perhitungannya seperti ini 62,5% x (Rp 500 juta – Rp 100 juta) – PTKP x 25% = Rp 49 juta.
Sementara, bagi WP yang peredaran bruto dari usahanya kurang dari Rp4,8 miliar, WP terkait wajib menyelenggarakan pencatatan, kecuali WP yang bersangkutan memilih menyelenggarakan pembukuan. Bagi WP yang menyelenggarakan pencatatan dan menerima atau memperoleh penghasilan yang tidak dikenai Pajak Penghasilan (PPh) bersifat final, dan penghitungan penghasilan netonya menggunakan Norma Penghitungan Penghasilan Neto. yang dirumuskan pada Perdirjen Pajak Nomor 15/2015.

Yakni, (tarif normal x penghasilan) – PTKP x tarif PPh. Sebagai contoh, artis dengan penghasilan Rp 500 juta per tahun dikalikan tarif normal sebesar 62,5% lalu dikalikan 25%, atau (62,5% x Rp 500 miliar) – PTKP x 25% dan hasilnya adalah Rp 64 juta.

Hal ini selain membantu pelaporan dan perhitungan pajak juga mendorong para profesi untuk melakukan pembukuan. Meski demikian, Ken mengungkapkan, imbauan mengenai pembuatan pembukuan penghasilan ini perlu dikoordinasikan dengan instansi terkait seperti Badan Kebijakan Fiskal (BKF) Kementerian Keuangan.

Budgeting for Business

Jika Anda tidak yakin tentang kemampuan pembukuan Anda bahkan dengan bantuan perangkat lunak akuntansi, Anda mungkin ingin menggunakan jasa akuntan untuk melakukan pembukuan dan pencatatan Anda secara bulanan. FMB Consultant siap dan menyediakan jasa tersebut termasuk mengaudit buku-buku triwulanan dan menyiapkan laporan bisnis akhir tahun dan pajak. Untuk informasi lebih lanjut atau diskusi tentang jasa kami, silahkan hubungi kontak yang tersedia di bawah ini. Demikian artikel “Solusi untuk para Profesi Agar Tak Lebih Bayar Pajak”.

Follow our blog and LinkedIn for more updates!

Managing Partner:

Ivan Liyanto,

Client Management:


Official LinkedIn Page |

Read more

A Simple Guide to Understanding Your Profit and Loss Statement

Most entrepreneurs start organizations because they are passionate about the primary work of the business — which usually isn’t accounting. This means that most entrepreneurs aren’t completely comfortable interpreting the monthly financial reports they receive.

We have met hundreds of entrepreneurs who never look at their profit and loss (P&L) statements because they do not understand them and explanations have been too complicated. While we can’t teach you to be a CPA, we can give you some basics that will help you with this important financial tool.

Profit and Loss

All P&Ls are based on a very simple formula — sales minus costs equals profit. It really is that simple. Everything else is a matter of breaking out sales or cost into more detail and adding subtotals. Sales are typically shown at the top of the P&L. Costs are shown below sales and profit is at the bottom. You may see a number of subtotals as you look down the column, but it is still sales minus costs equal profit.

Unfortunately, we sometimes use different words for sales, costs and profits. This can make accounting seem more difficult than it really is. For example, sales can also be called revenue or income. Costs may be called expenses and profits may be referred to as net income. In fact, the P&L itself can also be called an income statement. All of these AKAs can be confusing, but don’t let it throw you. A rose by any other name …

Your company’s sales may be broken into several different sources. For example, the sales of a restaurant may come from customers who dine in or take out or from catering. Such a business may choose to break sales into those three pieces. Typically, these three components would be added together in a line called total sales.

Similarly, costs are usually broken into various components. For example, you may see material costs, labor costs and overhead broken out separately. There are an infinite number of ways to break out costs, but once you get below the total sales line everything else you see is a cost, broken out in one way or another.

One of the most useful ways to subdivide costs is into those costs that are directly associated with delivering your product or service and those that are not. Consider a company that makes and sells different types of widgets. It will have the cost of the components used to make the widgets, the cost of the workers who assemble the widgets and the costs of the production facility. These costs are referred to as cost of goods sold (COGS) because they can be tied directly to the production of widgets.


In a service business, this is called the cost of service (COS). For example, a lawn maintenance service would include the cost of the employees who do the work, fuel costs and the cost of other supplies such as fertilizer and grass seed.

Sales minus COGS is known as gross profit (or gross margin). This is the money the business earns after it subtracts the cost of delivering its product and/or services. It is also the money needed to cover the other costs associated with running the business and still generate a profit.

Other costs of the business are not associated with the production of widgets. Such costs might be the cost of the people who sell the widgets, the cost of the accountants who produce the P&Ls and even the president’s compensation. These costs are most often referred to as selling, general and administrative costs (SG&A). With this addition, the P&L is now broken down into two parts: sales minus COGS equals gross profit, and gross profit minus SG&A equals profit.

If you have been filing your P&Ls away without reading them, you are not alone. However, understanding your P&L is essential to being able to run your business successfully. And if you are having difficulties in tracking and understanding your business profit and loss, contact us, we are more than happy to help.

FMB Consultant offer essential bookkeeping services to ensure steady business operations. With a team of professionals and experienced accounting, allow us to manage your regular administration and bookkeeping needs, get you more time to focus on growing your business. For small talk or discussion visit or contact our Managing Partner at


Official LinkedIn Page |


Read more