If you constantly avail or subscribe to various digital platforms, there’s an important update you should know about. Recently, the Bureau of Internal Revenue (BIR) in the Philippines have introduced a new regulation detailing the obligations of the digital services providers and consumers in applying value added tax (VAT) on digital platforms as enacted by […]

A Computerized Accounting System (CAS) is a technological advancement that automates complex accounting processes, replacing manual data entry with computer-based execution. CAS has revolutionized accounting by simplifying tasks and streamlining operations. Instead of using conventional accounting journals, books, and Excel spreadsheets, CAS creates and maintains reliable, standardized records while offering mobile and fast reporting capabilities. […]

As your company grows, entry-level accounting software like QuickBooks may need help to cope with the complexity of your financial needs. Relying on spreadsheets and multiple applications becomes inefficient, urging businesses to seek a more robust solution like NetSuite. In this article, we’ll compare Oracle NetSuite vs QuickBooks to find out which is best for […]

The Philippine Clearing House Corporation (PCHC) has announced the implementation of new check design standards and specifications to be enforced by May 1, 2024 (CICS OM No. 23-040). Key changes to the new check format include: Date: Each character of the Issue Date now has its own designated box, following the numeric format MM-DD-YYYY. For […]

As we navigate the complexities of businesses in 2024, one solution remains a beacon of efficiency and innovation: Microsoft Business Central. From its readiness for BIR CAS, to its powerful data consolidation capabilities, automatic updates, reduced maintenance overhead, and commitment to continuous innovation – Business Central offers a holistic suite of features designed to propel […]