Products and Services:
Accounting and Financial Record-keeping
To achieve overall picture of the result and position of your businesses, integrity, reliability, and timely financial statements, businesses need the following reports:
1. Balance Sheet- illustrates the company’s assets, liabilities and equity positions.
2. Income Statement- often referred to as a Monthly Operating Statement or Prof
it & Loss Statement (P&L).
3. Statement of Cash Flows- reconcile profit (or loss) shown in the Income Statement with the current cash held in the Business bank accounts.
4. Bank Reconciliation Statement- comparisons of balance to the bank's month-end statement and your balance sheet amount. The reconciliation also lists all outstanding checks and deposits in transit.
5. Other Financial Reports necessary in the Operation
Reportorial Reports before Bureau of Internal Revenue
To be compliant with government agencies especially with BIR the following reports are required for submission:
1. Monthly and Annual Expanded Tax
3. Monthly and Quarterly Value Added Tax
4. Quarterly Value Added Tax Relief Summary
5. Quarterly and Annual Income Tax Return
6. Annual Inventory submission
8. Documentary Stamp Taxes Remittance
Other Services
1. Start-up Licensing – we can advise clients in securing the required licenses before beginning full operations.
2. Business consulting – we will provide qualified advice and counsel, as required, to grow your business.
3. Payroll Administration – we will assume the burden and risk of payroll preparation (except disbursement)
4. Provide Accounting & other Business Soft-wares - one way we can accomplish your objective of saving time and money by providing a full compliment of computer software (in cooperation with various Software Developers) such as;
- MYOB
- SAP ERP
- General Ledger System
- Accounts Receivable
- Accounts Payable
- Inventory System
- Enrollment System
- Payroll System
- Timekeeping
- Company Website
- Cargo Forwarder/Brokerage
- Other Customized Programs
5. Provide Internal Auditing Services – we will act as internal audit department or its extension to help clients strengthen their internal control and procedures; to enforce company policies; to avoid or if not lessen loss and damages, shortages and maximize income.
6. ISO Certification and Renewal Assistance.
7. Other business services or “one-time engagement”- such as:
- updating of backlogs
- special review of financial transactions
- set-up, review & modify accounting systems
- review and set up internal control and procedures
- accounting manual preparation
- cash flow projections
- business loan applications/preparation of requirements like FS
- budgeting
- BIR LOA/LN and other government (SSS, HDMF, PHIC) compliance
- other Accounting services
Advantages of outsourcing Accounting / Bookkeeping are:
- Costs-saving (instead of hiring full-time employee, you will be free from mandatory benefits like SSS, PhilHealth, Pag-ibig, OT, vacation/sick leave, 13th month, and others)
- Accurate and Timely Financial Reports
- Internal Control or to avoid possible connivance
- Expertise
- Independence and confidentiality of transactions and records
- Free from possible labor cases
