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A crucial aspect of running a business is managing expenses. Expenses are made on essential items needed to run your operations, yet, it is important to learn proper management of such so that bad estimates do not cut into your company profits. More importantly, proper expense tracking makes your tax
A crucial aspect of running a business is managing expenses. Expenses are made on essential items needed to run your operations, yet, it is important
There are additional factors beneath a company’s surface that contribute to a deeper comprehension of its financial situation. If you own a business, it’s not
Some people who love modern technology would say e-invoicing is a better business practice. It is more environmentally friendly than paper and digital invoicing and
It is beginning to look like Christmas. As the holidays approach, Filipinos are rushing to put up their Christmas decorations, planning the gift-giving, and preparing
Books of accounts are also known as accounting books. These books record all your business transactions from the profits to operating expenses. The financial records
Running a business involves being well-equipped with the right tools to ensure success. One such tool is the profit and loss statement (P&L), which is
Accounting services can guide you in analyzing your company’s records to compute where you stand on the ten financial ratios which guide business decisions.
Accounting existed ever since monetary transactions started. It evolved just like some languages that developed due to the need to cater to societal demands. The
Taking advantage of outsourced accounting services involves finding the perfect time to do so. Check out the best times to seek outsourced accounting partners.
All professions play an important role in ensuring balance is brought to society. Accountants play key roles in the lives of business individuals, and the
As a business owner, you must fill out BIR Form 2316 and provide a copy to your employees. Stay on top of your accounting to ascertain tax compliance.
Amid the current hustle and bustle of life known to man today, preparing and having homemade meals, from scratch, at home have become a rarity.
Here’s what you need to know about accounting for a manufacturing business to optimize operations and maintain clean financial records.
Are you a business owner who’s not a big fan of math? Unfortunately, running a business necessitates number crunching because you need to compute for
Freelancers must hire accounting and bookkeeping services to ascertain fiscal health and help with tax compliance. Check out why you need to hire one ASAP.
Check out the reasons why many entrepreneurs hate accounting. Fortunately, you can count on our accounting and tax services firm in Pasig, Metro Manila.
When running a business in the Philippines, one of the things that can go wrong and escalate rapidly is accounting. After all, not everyone is
One main reason as why people set up businesses is they want to generate profits in the first place. Profits are essential for business growth
The Covid-19 pandemic took a toll on multiple industries in the Philippines, from small enterprises to large corps. Find out how to pivot and learn from them.
Here are the reasons why bookkeeping is so important and why you should start taking accountability for it or hire a professional to do it for you.
Traditionally, the books of accounts are logged into a ledger or book and information is encoded by hand. However, this tedious task is now made
Taxes must be paid to properties sold in the Philippines but you have to pay corresponding dues based on capital or ordinary asset classification.
If you searching for an accountant or finance specialist to help place your business on the path to success, here are three tips that you should keep in mind.
Oh, Christmas! A season and holiday often associated with the sight of caroling children and colorful parols, the smell of noche buena, the sweet sound
Auditing and accounting are 2 fundamental processes to any business, so find out more about their nuances here.
Learn more about the details surrounding the 13th month pay, as well as the computation needed for it to avoid penalties and legal scrutiny from DOLE.
The word “automation” may sound technical, but it is easy to implement. Here is how you can incorporate automation into your business’ accounting process:
The basics of running any business, whether virtual or brick-and-mortar, rest on solid accounting and financial management. Otherwise, you are one step closer to failure
New technological advancements in business and financial management are life-changing. Streamlining your accounting with automation will yield many benefits.
If your business falls under the Top Withholding Agents list, this means you are a top contributor to the BIR. Find out what it means for your company.
Take note of the five compelling reasons why you need an accountant if you want your business to survive and thrive in the coronavirus pandemic.
A good accountant is a pre-requisite for excellent bookkeeping and smart tax preparation. But this pro can do a lot more for your business’s financial health.
When it comes to your business finances, find out if you should upgrade to an Accounting Software or stick with old school Excel spreadsheets.
Using a payroll service is beneficial as paying the wrong wages lead to tax penalties, problems with DOLE, and issues with employee productivity.
Poorly managed resources are a silent business killer that will drain your company dry. So be diligent in tracking your cashflow and curb useless expenses.
As a responsible employer, you must provide each employee the correct wage whether you require them to report for work or not during a public holiday.
Management accounting specializes in the preparation of business operation reports which are used to guide decision making and goal setting.
A bookkeeper will help you do your books accurately, saving your time from costly mistakes that can harm your company’s financial health.
The accounting cycle is an eight-step process that is essential for bookkeeping, assuring your business stays in tip-top financial health.
Apart from marketing, operations, and retail work that needs to be done, it would be best if you also were on top of all your accounting tasks.
Every corporation, partnership, and tax-paying individual (sole-proprietor or professional) is required to have records of their daily transactions. As a business owner, you need to
Let’s be real, accounting and bookkeeping for your own business can be quite a herculean task, especially if you are not a professional. Even Certified
One of the many decisions you have to make when running your own business is how to pay yourself. It is a crucial question worth
One common misconception in the business world is that “Do-It-Yourself” (DIY) is always the cheaper option. However, that is not always the case, especially for
For starters, accounting is the recording of all financial transactions of an individual or a business and translating these transactions into Financial Statements that will
To make your job a lot easier, you need to understand your business’s financial key performance indicators (KPIs). These quantifiable tools help you measure and
When will you earn a profit? You start your small business precisely for the reason of generating profit. As such, it vital to conduct a
Let’s examine the nitty-gritty of each below! The Balance Sheet The balance sheet is a financial statement that shows you the big picture. It includes
It does not matter if you hired a bookkeeper or accountant to handle your financial affairs; it is still best to stay knowledgeable of common
When it comes to this responsibility,accuracy is crucial because bookkeeping mistakes can result in huge financial losses and costly penalties. As a business owner, you
