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Learn

You do not need to be an accountant to run your books.

Short guides, a plain-words glossary and free templates for owners who never studied accounting. Learn at your own pace, then let Faas do the paperwork.

Read the guidesOpen the glossary

Free to read. No sign-up needed.

A small business owner learning at her laptop
Profit this month
RM 23,539.50
You understood your profit
Where to start

Everything you need, in one place.

Pick what you need today. Each page is written for a business owner, not a student.

Guides

Eight lessons, from what bookkeeping is to how e-Invoicing works.

Browse the guides

Glossary

Every accounting term, defined in plain words with a small example.

Open the glossary

Templates

Free invoice, quote and receipt layouts you can use today.

Get a template

Easy Mode explained

See how Faas turns accounting into money in, money out and Yes or No.

See Easy Mode

Support

Ask a question, find an answer or talk to a person.

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Find an accountant

Looking for a bookkeeper or accountant to work with? Start here.

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Accounting in 5 minutes

Six words that unlock almost everything.

Learn these six ideas and most accounting reports will start to make sense. The numbers below fit together, so you can follow them from one card to the next.

The term

Income

Also called revenue or sales.

Plain wordsWhat customers pay you, or owe you, for what you sold.
You sell 20 catering boxes at RM 50.00 each. Income is RM 1,000.00.
The term

Expenses

The costs of running the business.

Plain wordsWhat you spend to earn that income.
Rent of RM 600.00 and ingredients of RM 250.00 make expenses of RM 850.00.
The term

Profit

Income minus expenses.

Plain wordsWhat is left over after the costs are paid.
RM 1,000.00 minus RM 850.00 leaves profit of RM 150.00.
The term

Assets

Things the business owns or is owed.

Plain wordsWhat you have: money in the bank, and money customers still owe you.
RM 12,000.00 in the bank plus RM 3,000.00 owed by customers is RM 15,000.00 of assets.
The term

Liabilities

What the business owes to others.

Plain wordsWhat you must pay: unpaid supplier bills and loans.
A supplier bill of RM 1,800.00 plus a loan balance of RM 1,200.00 is RM 3,000.00 of liabilities.
The term

Equity

What is left for the owner.

Plain wordsAssets minus liabilities. The owner's share of the business.
RM 15,000.00 of assets minus RM 3,000.00 of liabilities leaves equity of RM 12,000.00.
The one equation

Assets equal liabilities plus equity. Always.

Look back at the six examples. RM 15,000.00 of assets equals RM 3,000.00 of liabilities plus RM 12,000.00 of equity. That is the accounting equation, and every set of books is built on it. When you are ready for the full story, our guide on debit and credit walks through it step by step.

  • Assets are what you have
  • Liabilities and equity say who has a claim on it
  • Both sides always total the same amount

Read debit and credit explained

A notebook with a simple sketch of balanced columns on a cafe table
A reading path

Four lessons, in this order.

You do not have to read everything. This path takes most owners from lost to confident.

1

What is bookkeeping?

Learn what to record and why. Start here if you keep no records at all today.

2

How to read a profit and loss

Learn the one report that tells you whether you made money.

3

Cash flow versus profit

See why a profitable business can still run short of cash.

4

Bank reconciliation explained

Learn to check your books against the bank, so you can trust the numbers.

Jump straight in

What is bookkeeping?

The habit behind every report.

Read the guide

Malaysian rules, explained

Invoicing, SST and e-Invoice in plain words.

Read the guide

Accounting glossary

Look up any term in seconds.

Explore

Start using Faas for free.

See what it feels like when the books look after themselves.

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