If you’re a professional in the Philippines, you know that paying taxes is an important part of practicing your chosen career. Without the correct paperwork, you may face repercussions like penalties. But let’s face it, dealing with tax paperwork can sometimes feel like decoding a secret language. Fortunately, it’s not as daunting as it seems,… Continue reading Professional Tax Receipt (PTR) Made Easy: Simplify Your Tax Obligations
Are you ready to dive into the exciting world of financial management? We’re about to unravel the mystery behind bookkeeping and accounting, two essential components that keep the financial gears turning, especially for businesses. Buckle up and get ready for a joyride through numbers, records, and all things money-related! Bookkeeping: A Hero of Financial Organization… Continue reading Navigating the Financial Seas: Bookkeeping VS Accounting
Accounting can sometimes seem like a daunting task for businesses, but fear not! It’s actually a fun and crucial process that helps you keep track of your financial transactions. By recording and organizing your income and expenses, you can have accurate and reliable data to make informed decisions. So, let’s dive into the basics of… Continue reading The ABCs of Journal Entry: Keeping Records the Fun Way
Picture this: you stroll into a store, your heart set on buying that shiny new gadget for your business. But wait, before you whip out your wallet, there’s an important step to take. You need to send a purchase order to the vendor, ensuring they know exactly what you’re after. Now, here’s the twist: a… Continue reading Unraveling the Mystery: Purchase Orders and When to Use Them
Hey there, small business owner! We know you have a lot on your plate, juggling multiple aspects of running your business from catering to clients to keeping track of your bookkeeping and accounting records. But there’s one secret weapon that can make your life easier and your business more efficient: cloud computing! Now, we know… Continue reading Discover the Magic of Cloud Computing for Your Small Biz!
Are you ready to embark on an exciting adventure in the world of bookkeeping? It is one of the keys to success because it helps you track your cash flow, uncover hidden profits and losses, and make brilliant business decisions. Among the multitude of bookkeeping systems, the easy and effective Double-Entry Bookkeeping System is one… Continue reading Unfurl the Magic of Double-Entry Bookkeeping With Our Guide!
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 for their noche buenas. But other than the possession of the Christmas spirit, Filipino employees are also busy summing up their long-awaited thirteenth month pay. Private employees are entitled to receive… Continue reading Learn to Compute for Your 13th Month Pay
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 critical for managing your company. This financial statement allows you to properly monitor your profits and losses, or, how much you are making or losing. The accuracy of the… Continue reading Learn to Read and Analyze Your Profit and Loss Statements
The restaurant industry is a great business venture for foodies to get started on. However, while it is a great way to pursue one’s passion and creativity, and enter the business world, it is not all fun and games. One may say that out of the many business models geared towards selling products and companies,… Continue reading Restaurant Inventory Management Best Practices to Follow
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 ancient tablets that were discovered around 500 BC in Babylonia prove there was a need for people to communicate and have proper accounting even in the ancient civilizations. Today,… Continue reading Compelling Reasons Accounting is the Language of Business
