Demystifying Bookkeeping Vs. Accounting: The Differences

Bookkeeping and accounting services in the Philippines are two essential components of financial management. Bookkeeping primarily involves the systematic recording and organizing of financial transactions, ensuring accuracy and completeness. Accounting,…

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What are the Basics of Journal Entry in Accounting?

Failure to account for anything even if the business is profitable could equate to failure. Accounting is the systematic recording of the financial transactions of businesses from income from sales…

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What are Purchase Orders For and When Should You Use Them?

People often use purchase orders and invoices interchangeably. But here’s the thing, they're entirely different documents that each have their own specific purpose. However, expert accounting services in the Philippines…

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Master Double-Entry Bookkeeping: How-To Guide for Success

Bookkeeping is crucial for all businesses. Accounting services in the Philippines attest that you need to implement a system to track your cash flow, assess your profits and losses, and…

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5 Best Tools to Help You Track Business Expenses in 2023

As a business owner, there are many things you need to take care of. Part of running a business includes regularly keeping track of all your business transactions and expenses.…

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E-invoicing in the PH: All There is to Know

Technology is evolving rapidly. The paper invoicing system is becoming a relic of the past. On July 2022, 7.4 million electronic invoices are already in the BIR’s EIS or newly…

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