Starting a business can open up exciting opportunities for bringing ideas to life and growing something that reflects one’s vision. However, new ventures often come with challenges. In particular, managing finances is one of the more difficult aspects for new entrepreneurs. … [Read more...]
Tax Tips for Small Businesses in the Philippines
Unlike large companies and corporations, small companies and micro businesses may not afford to establish a tax and accounting department or hire accounting firms to do the tedious tasks of taxation, accounting and bookkeeping for their business. That is why they sometimes have … [Read more...]
Examples of Adjusting Journal Entries in Accounting
In our previous post titled how to make adjusting journal entries (AJE), we have discussed the common types of adjusting entries, namely, accrued revenues, accrued expenses, unearned revenues, prepaid expenses, depreciation (estimation), change in accounting estimate, and prior … [Read more...]
What is Accounting?
Most of the readers and visitors of this blog are business owners and entrepreneurs. Thus, we decided to publish series of articles that will help them understand the field of accountancy, which includes accounting, bookkeeping and auditing. But since this field is broad, we will … [Read more...]