accounting, Business and Finance

Bookkeeping Checklist

HOW TO KEEP TRACK OF YOUR BUSINESS ACCOUNTS   Open a Business Bank Account   Record all sales and money received in the business   Record expenses and purchases made   Record any credit sales   Record any petty cash expenses   Check inventory and stock status   Pay any outstanding creditor bills   Organise… Continue reading Bookkeeping Checklist

Business and Finance

Life as an External Auditor

I spent almost four years of my life as an external auditor working with a big Firm.  After graduating, I had taught in a University for 1 semester before I finally decided to work as an external auditor and experience the CPA profession at its fullest. Key responsibilities included reviewing spreadsheets, examining financial controls, gauging… Continue reading Life as an External Auditor

Business and Finance

BIR Registration for Professionals and Sole Proprietorship

I am currently in the process of finishing registering my profession and my husband’s new business with the Bureau of Internal Revenue(BIR). Registering with the BIR is one major step in starting an undertaking. For myself, I choose to register as a professional for my freelance bookkeeping, while for my husband, he is registering as… Continue reading BIR Registration for Professionals and Sole Proprietorship