All income earners, except for purely compensation income earners, are mandated to issue a receipt Continue Reading
Accounting and Bookkeeping Tips
Guideline in Preparing BIR Form 1604E and Alphalist of Payees
In this article, you will learn about the BIR Form 1604E: Annual Information Return of Creditable Continue Reading
Reminder on Year-End Compliance
The new year always bring positive perspective. May it be because the close of the year is coming or Continue Reading
Bookkeeping and Tax Requirement for Freelancer/Self-Employed/Home-based Businesses
(Original posting: February 2014. Updated: March 2024) In the past decade since I wrote the Continue Reading
Reminders on Tax and Registration Deadlines for January 2014
Happy New Year! We wish you an abundant 2014! We hope you enjoyed your long Christmas holiday. We Continue Reading
What are the Books of Account?
(Updated: July 23, 2025) All business establishments and taxpayers are required to keep a record of Continue Reading
Difference Between a Sales Invoice and an Official Receipt
Every business entity is mandated by the Bureau of Internal Revenue (BIR) to issue an official Continue Reading
What is the Use of the Balance Sheet?
It has been said that Accounting is the language of business because it communicates the financial Continue Reading
How to Make a Sales Invoice?
Issuing a properly filled out sales invoice to our customer is important for accounting and tax Continue Reading