The Bureau of Internal Revenue (BIR) requires all Large Taxpayers in the Philippines to use a BIR Accounting System or Computerized Accounting System or CAS for an accurate, secure and reliable tax audits...

First, let us talk about Loose Leaf Bookkeeping. This is one of the Bureau of Internal Revenue’s (BIR) prescribed way of recording books of accounts. One of the commonly used Loose Leaf Bookkeeping application is

New business owners often think of what must he possess in order to succeed? Are capital and people enough to sustain a business? Definitely not! So here is the Top 10 Business Must Have that every business needs to take note of...

Some companies think that an Accounting System that includes Financial Management, Sales and Customer Management, Purchasing and Inventory Control, Business Intelligence, Analytics and Reporting and Manufacturing Module...

One of the most significant factors in choosing an Accounting System is whether you want the system to be on premise or in cloud. First, let us know the meaning of On-premise and Cloud-based. What is On-premise? In an Accounting...

Are you planning to implement an Accounting System in your company? Have you decided the type of Software License that you want to have? One of the things that must be considered in availing...

There are a lot of Accounting Software available in the market today, there’s SAP Business One, Oracle Netsuite, Zoho, QNE Optimum, Quickbooks and the list goes on. Due to the fast-paced advancement in technology and...

Technology advancement and company’s adaptability in computers make way on development of ERP Software that can be used by organization in to their transactions. And it is called Enterprise Resource Planning or ERP...

Enterprise Resource Planning is a unified management of business processes. Such management is using an ERP Software with real-time posting. ERP System is very important to Large Companies because in can generate data for analysis....

ERP Software has a lot of modules to offer but what are the modules that are often very important to a business when acquiring an ERP Software. Here is the list: 1. PROJECT MANAGEMENT MODULE IN ERP SOFTWARE...

ERP SOFTWARE HAS A LOT OF BENEFITS FOR A COMPANY BUT HERE ARE THE TOP 5 BENEFITS OF AN ERP SOFTWARE. 1. PRODUCTIVITY An ERP Software helps in recording transactions or doing

There are many considerations in knowing how much and ERP Software would cost, there’s the size of the business, business requirements and how big is the coverage of the ERP Software to the company. By knowing the these factors the decision...

First, what is BIR Form 2316? It is the Certificate of Compensation Payment or Income Tax Withheld. Employers are required to withhold taxes from employee’s salary based on the latest TRAIN Law which must reflect in the BIR Form 2316...

Certificate of Creditable Tax Withheld At Source or commonly known as BIR Form 2307 displays the income subjected to expanded withholding tax paid by the withholding agent. In the Books of Accounts, it is accounted for as an asset...

Bureau of Internal Revenue (BIR) released a new BIR Form called 0619-E or the Monthly Remittance Form of Creditable Income Taxes Withheld (Expanded). BIR Form 0619-E is a remittance form used for remittance of...

BIR Form 1601-EQ is the Quarterly Remittance Return of Creditable Income Taxes Withheld (Expanded) for every third month of each taxable year. BRIEF BACKGROUND The Bureau of Internal Revenue (BIR) issued Revenue Memo...

Expanded Withholding Tax or EWT is a kind of Withholding Tax imposed on income payments and is creditable against the income tax due of the payee for the taxable quarter/year in which the income was earned.

Heads up! There is a new SSS Contribution Table for 2019! Under the Circular No. 2019-005 addressed to All Employers (ER), Employees (EE), Self-employed, Voluntary and Non-working spouse members there will be....

HAVE YOU CHECKED OUT OUR FREE 60 DAYS QNE ACCOUNTING AND INVENTORY LICENSE? GET IT HERE: HTTPS://BIT.LY/QNEFREELICENSE Just a beginner in BIR Forms and Reports preparation and submission?....

BIR Deadline is almost near! All Taxpayers are required to pass their Annual Tax Returns on or before April 15. Bureau of Internal Revenue has set the standard that every April 15th of the Year, Taxpayers must submit the individual Annual Income Tax Return (ITR) and