Unlocking the Power of Soft Skills in Accounting

Embarking on the journey of accounting is like mastering a symphony of numbers, rules, and regulations. Traditionally, the spotlight has always shone on the technical brilliance and compliance capabilities that accountants wield.  However, in today’s bustling world, where competition is the norm and technology like accounting software is shaking things up, accountants are finding themselves… Continue reading Unlocking the Power of Soft Skills in Accounting

Unlocking Financial Success in the Restaurant Industry

Dreaming of owning a restaurant? Already managing one? It’s no secret that the culinary world is a fierce battlefield. You’re not only worrying about competitors stealing your customers or satisfying your clients’ discriminating tastebuts. Every day, you have to be vigilant because countless factors can sway your financial stability. After all, running a restaurant is… Continue reading Unlocking Financial Success in the Restaurant Industry

BIR Grants exemption to small agricultural producers from Receipt Issuance Requirements

The Bureau of Internal Revenue (BIR) has introduced Revenue Regulations (RR) 12-2023, exempting small-scale farmers from issuing receipts and invoices for the sale of agricultural food products, provided their gross sales don’t exceed P1 million annually. Effective 15 days after its publication, this regulation simplifies record-keeping for agricultural producers. Agricultural producers must now maintain a… Continue reading BIR Grants exemption to small agricultural producers from Receipt Issuance Requirements

Perks of Accounting Service Providers for Your PH Business

Are you a business proprietor striving to allocate your focus to strategic planning and meeting your company’s requirements in order to foster its growth? Perhaps you’re contemplating how accounting services can contribute to and benefit the development of your business. The advantages you stand to gain are contingent upon various factors, including the resources at… Continue reading Perks of Accounting Service Providers for Your PH Business

Unlock How to Compute VAT Payable in the Philippines

Are you a business owner or a skilled professional practicing your craft? If so, it’s essential to understand and fulfill your tax obligations. One of these obligations involves paying taxes in the form of either a percentage tax or a value-added tax (VAT). Whether you fall under the category of a Non-VAT or VAT-registered taxpayer,… Continue reading Unlock How to Compute VAT Payable in the Philippines

Navigating the Financial Seas: Bookkeeping VS Accounting

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

The ABCs of Journal Entry: Keeping Records the Fun Way

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

Unraveling the Mystery: Purchase Orders and When to Use Them

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

Discover the Magic of Cloud Computing for Your Small Biz!

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!

Select a Reliable Accounting Firm For Your Biz

Are you one of the many business owners who are looking for a good accounting firm? This could seem like an intimidating process, especially if you have limited funds set aside for this service, but it does not have to. If you want to know what to consider when you hire an accountant, this article… Continue reading Select a Reliable Accounting Firm For Your Biz

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