Browsing Tag:accounting services

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?…

What You Need to Know About BIR’s Computerized Accounting System

The Philippine government, through the Bureau of Internal Revenue (BIR), requires those who fall under the large taxpayer classification to operate using a Computerized Accounting System (CAS). This is by virtue of the Revenue Regulations No. 9-2009 issued by the BIR, as an agency tasked to collect more than half of the government’s total revenues.   Who are the Large Taxpayers? The criteria used to determine which business establishment falls under the large taxpayer classification will be detailed below. It…

How Small Businesses Can Effectively Manage their Finances

Did you know that every company has something in common? That’s right, they have tasks concerning money. Whether from a startup or a long-running conglomerate, they manage their own finances or hire an expert to get it done. Looking at financial management, knowing how to properly perform such task can tremendously help a business survive in the industry it’s in. Small business should take note of that. However, not everyone is gifted with the patience, skill, and perseverance in crunching…