How to Keep a Daily Record of your Business Transactions
Keeping a daily record of your business transactions is an important aspect of managing a successful business. Not only does it help you keep track of your income and expenses but it also helps you make informed decisions about the future of your business. If…
Five (5) Tax Compliance Hacks for Start-ups After Business Registration
Starting a new business is a big undertaking, and it’s important to ensure that you have all your ducks in a row when it comes to tax compliance. Failing to properly handle your taxes can lead to significant fines and penalties, and it can even…
Why Businesses Should Outsource their Accounting and Tax
Many small businesses and start-ups struggle when it comes to managing the financial aspect of their business. Most of them end up with inaccurate financial reports, erroneous budget projections, and tax compliance penalties. While managers concentrate more on growing their business, they shouldn’t neglect this…
Retention of Books of Accounts: Five Years or Ten Years?
Keeping the books of accounts (BOA) and other business documents is required for BIR tax audit purposes. Accountants and bookkeepers should ensure that all business transactions are recorded accurately in the books of accounts. Aside from the books of accounts, you also need to…
Why You Should Set-up an Accounting System for your Business
Let’s accept it. Many entrepreneurs hate numbers. Often, they create business because they are passionate about their business ideas. Others see areas where innovation is needed and grab the opportunity to fill up the void. However, having a novel idea or a specialized skill is…
Why Use Quickbooks for Small Business
QuickBooks is a small business accounting software program businesses use to manage income and expenses and keep track of the financial health of their business. The product line of these offers several solutions that are great for anyone, from individual entrepreneurs to mid-sized business. Uses…
An Overview of Accounting Software for Small Businesses
Accounting is the process of recording, summarizing, analysing, consulting, and reporting the financials of a company. It is the process of tracking all financial transactions to see the business expenditures, the sources of revenue, and which tax deductions the business owner will be able to…
Custom-Fit Accounting for Small Enterprises
Starting even a small business requires such an essential thing as accounting and bookkeeping service. From business registration to tax compliance and financial reporting, many tedious tasks are yet to be accomplished. It is better to outsource these services to an accounting firm to save…
Benefits in Benefiting Every Filipino Employee
Businessmen cannot be called a boss, an employer, or a leader without their employees. A win-win solution to treat their every Filipino employee well…
Accounting Tips for Small Businesses
It is essential for you to keep track of your revenues and expenses so that you know how your business is doing. Here are some accounting tips that can….
