While it is true that only large businesses in the Philippines are required by the Bureau of Internal Revenue (BIR) to register and use an accredited BIR-compliant accounting software or a BIR CAS-ready accounting system, it is high time for small and medium-sized enterprises (SMEs) to consider adapting to this technology as well.
We know today’s businesses are digitally driven more than ever. And to survive, automation of business processes is the way to go. And one process that is definitely worth automating is Accounting. Accounting is the lifeblood of the company because it manages the finances of the company.
Being used to the manual style of accounting, changing from analog to a fully computerized accounting system may seem to be a herculean task considering too, the expense it requires. But there are several solutions that online accounting in the Philippines provides that can be customized to a business’s individual needs.
If you have read about or perhaps have been required by BIR to have use a computerized accounting system or a CAS-compliant system, then there is no room for second thoughts anymore!
Manage your accounting with ease by employing BIR CAS-ready accounting software. Easy-peasy.
Here are five benefits that you will unlock once you have this online accounting software in the Philippines. The ease and comfort it brings to your accounting processes, as well as other aspects of doing business, could be well, all worth it!
1. Manage Accounting Processes With Ease
It is a given fact that accounting is one of the most challenging tasks in business. Even accountants and bookkeepers find it complex at times. With BIR CAS-ready accounting software, you will be able to help manage your daily workload with a designated Computerized Accounting System CAS.
CAS will not only help automate and manage accounting processes with ease but also help in calculating, and reconciling sales and expenses. It can also generate documents and reports required by the Bureau of Internal Revenue (BIR).
There won’t be crunchtime anymore during tax season. With BIR CAS-ready accounting software, things are easier and more manageable.
2. Provide Security Over Accounting Data
Manual is never safe especially when there are natural disasters, acts of nature and the impact of fires, and other catastrophic events. You can lose all your data in a fire or other natural calamities. Data is also susceptible to getting stolen or compromised through a security breach.
By shifting to CAS and investing in BIR-ready accounting software, you can shield your business from grave damage brought about by uncontrollable scenarios and unforeseen events. BIR CAS-ready accounting software can also be operable from the cloud. These systems have the most effective security features, and they also oversee the integration of your accounting data so that it can be accessed and recovered in case of emergencies and accidents.
3. Offer Integrated, Complete, and Updated (Real-Time) Financial Reporting
One of the most hateful aspects of doing accounting is compiling financial reports. With a manual accounting system, financial reporting usually takes so much time with an antiquated way of retrieving financial data, putting each expenditure one by one into a template, and then converting that template into a BIR-compliant report format. Why go through the hassle when a BIR-ready accounting software can do just that?
The system can easily produce neat, complete, and BIR-compliant financial reports that properly reflect your real-time financial situation. So, say goodbye to manual accounting.
4. Allows More Efficiency and Productivity Over Your Accounting System
Having BIR-ready accounting software is a blessing to your company. It will allow you to accomplish accounting processes and get the job done with greater speed, accuracy, efficiency, and productivity than if you relied on your old, manual ways.
Simply put, it will be able to save a lot of time and money in the long run because you’ve achieved greater business efficiency with your Computerized Accounting System CAS.
5. Forges Stronger Collaboration Between Accounting And Other Departments
Shifting to a BIR CAS-Ready Accounting software is beneficial not only for your accounting department but also for other departments in your business as well.
Thanks to innovations like online accounting in the Philippines, BIR CAS-ready accounting software is here to stay. It will be a breeze to give access and share information with the rest of the departments. There will be more collaboration and teams have a better understanding of each others’ responsibilities.
Start now towards BIR CAS Compliance by employing BIR CAS-ready Accounting Software. Check out Human Incubator’s EasyFS and get a taste of what it is to be BIR-compliant. Get the latest version always. Cut Cost. Improve team efficiency. And most especially, manage accounting with ease. Contact EasyFS today if you want some ideas for BIR-ready accounting software, or if you’d like to schedule a demo, please visit: https://human-incubator.com/easyfs/
