Accounting in the Retail Industry: The Challenges and Their Solutions

Over the years, the retail industry has grown immensely as it continues to adapt and embrace digital transformation. The increasing popularity of e-commerce, or online shopping these days, makes day-to-day operations even busier than usual, especially when it comes to keeping a closer eye on business financial information. While it’s crucial for any type of…

Traditional vs. Modern Day Accountants: Which One Are You?

Accounting has changed tremendously over the years, especially with the introduction of the internet. However, there are still major differences between modern-day and traditional accountants despite the advancements. Here are some differences between the two, check which one are you: Modern-Day Accountants  Traditional Accountants Can work in the office or at home virtually Works in…

RMC 111-2021: Availability of offline electronic bureau of internal revenue forms (eBIRForms) package version 7.9.2

The Bureau of Internal Revenue (BIR) has issued a memorandum on the included forms which are available offline with the release of package version 7.9.2. The forms that will be included in the new Offline eBIR Package are 2018 versions of the following: 2552 Percentage tax return for transactions involving shares of stock listed and…