Accounting & Bookkeeping Services in the Philippines
AHC Certified Public Accountants provides outsourced services covering the full scope of the financial reporting and accounting process – from recording transactions and maintaining books of accounts to preparing statutory reports, financial statements, and other management reports, so our Clients can focus on the operations of their business.
Thanks to our Certified Public Accountants (CPAs) backed with their pinpoint accuracy, qualified professional experience, and tremendous commitment to the assistance they render towards Clients, AHC continues their role as an accounting & bookkeeping services provider here in the Philippines.
We also help our Clients comply with their corporate and individual tax obligations with the Bureau of Internal Revenue (BIR) by determining their tax liabilities (e.g., withholding taxes, value-added tax, and income tax), preparing related tax returns, and remitting these taxes to the BIR within the prescribed tax deadlines.
I. Collation of Documents
CPAs collect vital documents first from clients, and they ask for the Client’s preference based on their accounting periods in a weekly, bi-monthly, or monthly basis.
Listed below are accounting documents generated by the company for compilation:
- Bank Statements
- Billing Statements
- Payroll Registers
II. Recordings of Transactions
Manual books of account, various vital details, and details overlooked by clients are sorted, analyzed, and then verified for their accuracy. This phase ensures that all the transactions are accounted for.
The following books of account are prepared and submitted to the BIR for compliance purposes:
- Cash Receipts Book
- Cash Disbursement Book
- General Journal
- Purchases Journal
- Sales Journal
- General Ledger
III. Financial Reporting
For transparency purposes, financial reports are created for disclosure with the Client’s partners and the government to prove the legitimacy of all recorded transactions conducted by the company.
The following management reports are prepared and submitted to Clients for further improvements and verification:
- Trial Balance
- Balance Sheet (Statements of Financial Position)
- Profit or Loss Statement (Statements of Comprehensive Income)
- Statements of Changes in Equity
- Statements of Cash Flow
IV. Archiving of Documents
After a CPA accounts all transactions conducted by the business entity, the Client must retain all received documents submitted during the initial phases of accounting and bookkeeping. The Client must secure all source documents (whether in soft or hardcopies) within ten (10) years before availing AHC’s accounting and bookkeeping services.
Source documents are the original hard copies of accounting documents. These records require complete security and must be properly stored. They are considered as evidence by the client if financial transactions are marked as false. Other than that, companies and their source documents are for auditing, review, and verification of transactions conducted.
Acquire A Trusted Accounting Services Provider in the Philippines
We provide transparent and personalized solutions to help you organize your books of account and financial transactions. Our suite of services is designed to help you develop effective internal accounting processes and build a solid valuation of your business.