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 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…

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…

Accounting Tips for Ecommerce Businesses and Online Payments

When it comes to businesses that recently became an e-commerce, online payments are unexplored territory. Don’t worry, start making your accounting tasks for your ecommerce business smooth sailing with these simple tips.   Tip #1: Choose an accounting software As an ecommerce business owner, accounting software is essential in tracking online transactions, making it easier for your bookkeeping tasks. Accounting software will also let your records stay up to date as well as accessible anywhere you go.   Get one…

How to Avoid Unwanted Tax Season Trouble

Tax time is mandatory, and no one is above it. Every year, businesses in the Philippines are required to submit tax returns to the Bureau of Internal Revenue (BIR). Filing taxes enable them to know if they owe additional taxes or eligible for tax returns. For those who don’t pay their taxes, it’s against the law to do so. In the Philippines, tax evasion cases, once proven guilty, can lead to a fine between ranging from ₱30,000 to ₱100,000, different…

SEC PRFS for Small Businesses – Simplified

Already existing in the Philippines as early as 2005, the Philippine Financial Reporting Standards (PFRS) helps businesses in terms of business decision making, data comparisons, and increase in accuracy on financial statements. PFRS was adapted from the International Financial Reporting Standards (IFRS) for the country to have a standard when it comes to financial reporting practices. Ever since the existence of PFRS, businesses registered with the Securities and Exchange Commission (SEC) are required to integrate PFRS and use it as…

How to Streamline Your Bookkeeping for Efficiency

Bookkeeping is both important and time-consuming. For small business owners, entering expenses on books takes so much of their time and focus that should be allocated to other pressing business matters. Unfortunately, bookkeeping is an integral part of a business. It helps in monitoring expenses as well as serves as a record when it’s time to pay taxes. One wrong declaration of costs can already lead to fees and legal trouble. So, what should be done to avoid errors in…

JCSN Accounting Recognized by Xero as Bronze Partner

June 7, 2019 Paranaque City, Metro Manila – JCSN Accounting Services has been recognized by Xero as a certified Bronze Partner. Xero is a public software company that offers a cloud-based accounting software platform for small and medium-sized businesses. Xero is among the top accounting and bookkeeping software by businesses across New Zealand, Australia, the United Kingdom, the United States, Canada, Asia, Africa and the Philippines. The Xero Partner program is a certification and recognition that commends accounting firms for…