QuickBook Course for DIY Small Business Accounting

Small business owners in the Philippines, or anywhere in the world, always face a lot of responsibilities. They wear many hats in order to keep the business running. However, not everyone can handle the pressure of having responsibilities that are usually handled by a team, especially when you’re not that proficient in accounting and bookkeeping. As a business owner, you have two options: either you delegate a task to a firm that offers bookkeeping services in the Philippines or learn from a…

Practical Accounting Tips for Small Business Owners in the Philippines

Being a small business owner is no easy feat — you handle everything. You wear many hats to keep the operations running, and that includes accounting. Yes, accounting involves a lot of numbers, computations, and formulas. It’s a hassle, especially if you’re not good with numbers. But, it’s important to pay attention to it because it involves assessing your assets, liabilities, cash flow, payroll, sales, and much more. Without it, your finances are a mess.   What Should You Do?…

How to Remove the Hassle from Bookkeeping in 2020

It is an acknowledged fact that most business owners regard bookkeeping as a tedious and time-consuming challenge. Then again, this task ought to be dealt with. But if you can take away the hassle from the process, it will become more manageable. Here is how you can do that.   Clean Up Books of Account Stick to a regular schedule to keep yourself on track. Make sure that your financial records are up to date so that you can determine…

How to Better Manage Enterprise Income This 2020

Managing your business funds may seem overwhelming and challenging. Allow us to make it bearable for you. Staying on top of your business funds management can save you from suffering from sleepless nights, headaches, losses, and debts, among others. The tips shared in this article can help you gain better control of your finances.   Monitor Your Expenses Doing so will help you avoid making unnecessary expenditures. It is important to make sure that your spending is still within the…

Productivity Tips for Busy Small Business Owners

Small business owners are used to spreading themselves too thin. This makes them prone to believe that by doing many things at the same time, they are being productive. What they fail to realize is that their divided focus affects the quality of their output. Allow us to share some productivity tips to help you stay on top of things despite the busyness of your everyday work life.   Stay Healthy. Make sure that you get enough rest. Use the…

TIPS: How Philippine SMEs and Startups Can Earn More Profits in 2020

At JCSN Accounting Services, we take pride in providing efficient and precise assistance to businesses across a wide range of industries. Our commitment to helping them thrive goes beyond extending SME and startup business accounting services that enable them to make better financial decisions. We have prepared some tips that can help businesses earn more in the coming year.   Plan for the Long-Term. Your startup or SME must never be treated as a side job. Keep that in mind,…

Holiday Accounting Tips for Philippine SMEs and Startups

The fourth quarter of the year is usually the busiest time of the year for Philippine SMEs and startups because it’s the holiday season. As a business owner, it’s essential to consider how you’ll keep track of every expense done during this busy quarter. Here are simple accounting tips for businesses in the Philippines to take note of this holiday season.   Tip #1: Track Your Sales and Inventory One of the worst-case scenarios to welcome the holiday season is…

Companies and Their HMOs Must Comply with Accounting Standards

The Philippine Star reported that the Insurance Commission (IC) released a circular requiring Health Maintenance Organizations (HMOs) to issue contracts compliant with Philippine accounting standards. The circular, which was intended for transparency purposes, shall apply to the annual as well as quarterly reporting periods beginning January 1, 2020. Companies should then make sure that by that time next year, HMOs contracts are compliant with the law. One of the principles that must be followed are contained in the Philippine Financial…

How Philippine SMEs Can Automate Accounting & Bookkeeping Practices

Developments in technology have opened more avenues for businesses to improve their processes. Of course, emerging technologies also affect the accounting industry. That’s why Noe Quiñanola, PRC Board of Accountancy chairman, said in an interview that accountants must learn new digital skills through further education. Basically, automation helps in reducing time in tasks as well as improve accuracy; hence, accountants become more efficient and productive. Going back to Philippine SMEs, the time to go digital is now, and here are…

PRC: Accountants Should Embrace Digital and Tech Skills

Today’s era has completely shown that technology can go hand in hand with the workforce. All thanks to the willingness of the people to adapt to artificial intelligence and other emerging technologies, business processes were streamlined. Looking at the accounting industry in the Philippines, it’s clear that technology and software play a significant role in efficiency and productivity. Even the Professional Regulatory Commission (PRC) said that accountants should embrace digital and tech skills. Those are already clear indications of the…