The Top 5 Myths About BIR CAS-Ready Cloud Accounting Software: Debunked
By Johnny Kawa Introduction In recent years, cloud accounting software has gained…
Learning the basics of accounting and developing an understanding of business accounting will make you grow better as an organization.
Whether numbers are part of your DNA or your most dreaded nemesis, chances are, you can not afford to just gloss over and overlook the financial health of your business.
Thus, the need to learn the fundamentals of accounting and the accounting system in general.
This is an undertaking that not all will be happy about because accounting seems to be a daunting task.
But knowing the ins and outs of accounting will save you a lot of time and a great deal of money in the long run.
Even if you are not doing the traditional way of preparing ledgers and balance sheets and even if you have a business accounting software at your disposal, the basics of the accounting system is still universal and business accounting still applies.
Investopedia says “It is the process of recording financial transactions pertaining to a business.
The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.
The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company’s operations, financial position, and cash flows.”
Before going deep into terms and functions of accounting, here are some noteworthy things to keep in mind:
Now here is the meaty part, an understanding of the basic accounting concepts.
These terms mentioned represent accounting concepts that are involved day in and day out.
Once you get the hang of it, you are more than ready to tackle what accounting really involves.
The great thing about accounting is that there is a business accounting software that can do the job accurately, efficiently, wisely, realistically, systematically and best of all, effectively!
Why push manual recording when there is a business accounting software that can do wonders to your business?
Improve productivity and pursue strategizing for the company’s growth.
Do debits and credits with ease.
Automate and Innovate .
Start a 30-day free trial now and see the difference! https://human-incubator.com/easyfs/
EasyFIS is a Software-as-a-service (SAAS) sales, inventory and Accounting system designed for Micro, Small and Medium (MSME) Enterprises.
If you want to manage your business in real-time and in a WFH Work from Home Setup, EasyFIS can provide a turn-key solution to your most common business problems to effectively monitor your sales, checking your LIVE inventory stock quantity and most importantly the status of your business’ financial health.
On top of that EasyFIS is CAS (Computerized Accounting System) compliant ready for government taxation in the Philippines.
EasyHR is a Software-as-a-service (SAAS) web application that helps to manage your Payroll and Human Resource Tasks easily and effectively.
Whether you are handling less than ten (10) employees or up to more than ten thousand (10,000) employees, EasyHR can do the job for you and saves you a lot of time in computing your Payroll and managing your Employee 201 Records anytime and anywhere.
But not only that, EasyHR further has an Employee Portal that allows your employees to access it online and check their own Payslips, Overtime, Leaves and Time Records. It saves a lot of time and money in printing these Payslips and paper wastage.
EasyPOS is a standalone Sales and Inventory system designed for businesses with Physical Stores and does not necessarily need an Internet or cloud solution.
The software is very easy to use yet already fully loaded with the necessary daily functions in running a store.
It already has a complete Sales and Inventory system with Item components.
Barcode and Touchscreen Interface that can be used for both groceries and restaurant setup respectively. Plus it is already BIR Accredited to legally issue Sales Invoice (SI) and Official Receipts (OR).