Browsing Tag:accounting services philippines

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…

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…

Accounting Tips that Filipino Small Businesses Should Know

There are no shortcuts when it comes to accounting. The numbers are there and it’s important to take notice of that no matter what size of business you are in or have. It may be tempting to give the least attention to your accounting and bookkeeping tasks, but even the slightest error can seriously damage your business. Both are essential if you want your local business to grow. So, make sure to pay attention to your accounting and bookkeeping needs.…