Bookkeeping We record your business' financial transactions on a monthly basis. This involves ensuring accurate accounting for the following: cash or check disbursement book, cash receipts book, sales book or VAT subsidiary ledger for sales, purchase book or VAT subsidiary ledger for purchases, general journal and general ledger.
Payroll Preparation We compute for the compensation payments of your company to your employees, including withholding tax, SSS, PhilHealth, and HDMF (Pag-ibig) contributions.
We also post the SSS monthly contributions to the online database as required by the Philippine Social Security System.
Bank Reconciliation We prepare your monthly bank reconciliation statement. We make a comparison between two sets of records (balance per book and balance per bank) to make sure these are in agreement. We trace your business transaction receipts and expenses to their corresponding entries in the bank statements, and identify deposits and withdrawals that may not have been recorded into the books of accounts.
Set-up of Internal Accounting Control System We advise and guide you through accounting systems that must be practiced by your company. This includes: Petty Cash System, Billing and Collection System, Voucher Payable System, Check Disbursement System, and Inventory System, which all involves the preparation of accountable forms and stock cards.
Preparation of BIR Forms The BIR always has set a tax schedule throughout the whole year. We prepare the necessary tax forms needed, specifically: ● 0605 (BIR Payment Form) ● 1601-C (BIR Monthly Remittance Return of Income Taxes Withheld on Compensation) ● 1601-E (BIR Monthly Remittance Return of Creditable Income Taxes Withheld (Expanded)) ● 1601-F (BIR Monthly Remittance Return of Final Income Taxes Withheld) ● 1604-CF (BIR Annual Information Return of Income Taxes Withheld on Compensation and Final Withholding Taxes) ● 1604-E (BIR Annual Information Return of Creditable Income Taxes Withheld (Expanded)) ● 2307 (BIR Certificate of Creditable Tax Withheld at Source) ● 2316 (BIR Certificate of Compensation Payment/Tax Withheld For Compensation Payment With or Without Tax Withheld) ● 2550M (BIR Monthly Value-Added Tax Declaration) ● 2551M (BIR Monthly Percentage Tax Return) ● 2550Q (BIR Quarterly Value-Added Tax Return)
Preparation of Annual and Quarterly Income Tax Returns We prepare the necessary tax forms for various businesses, specifically: ● 1701 (BIR Annual Income Tax Return for Self-Employed, Professionals, Estates, and Trusts) ● Annex A (Mandatory Attachment to BIR Form 1701) ● 1702 (BIR Annual Income Tax Return For Corporation, Partnership and Other Non-Individual Taxpayer) ● Annex B (Mandatory Attachment to BIR Form 1702) ● 1701Q (BIR Quarterly Income Tax Return for Self-employed Individuals, Estates, and Trusts) ● 1702Q (BIR Quarterly Income Tax Return for Corporations and Partnerships) ● 1701-AIF (BIR Account Information Form for Self-employed Individuals, Estates and Trusts) ● 1702-AIF (BIR Account Information Form for Corporations and Partnerships)
Preparation of Financial Reports We organize your company’s ledgers and review your listed assets, liabilities, revenue and expenses. We then prepare reports that will accurately portray the current state of your business.
Set-up of Computerized Accounting System We also offer assistance in setting up a computerized system to help with your financial recording, particularly using spreadsheets in MS Excel. It is important to have a soft copy of your documents. It also makes collecting data easier.