The Top 5 Myths About BIR CAS-Ready Cloud Accounting Software: Debunked
By Johnny Kawa Introduction In recent years, cloud accounting software has gained…
The numbers in the financial statement may be intricate and confusing, but whether you like it or not, financial statements are the lifeblood of a company. It shows pertinent information sizing up a company’s worth, income and expense, cash flow, expense tracing as well as profitability.
Additionally, it helps shareholders including investors and financial analysts to evaluate, measure and see their return of investment (ROI) and make informed and smart decisions as well as wise investment choices. By comparing past and present performance, the company is able to predict its performance and measure its growth.
Understanding income and expense is easy to comprehend. These two are part of the financial statement. However, there are four sections of a company’s financial statement. These are: the balance sheet, the income statement, the cash flow statement and the explanatory notes with some additional analysis of a company’s shareholders’ equity and retained earnings.
Aside from these, one should also be able to review non-financial information that could affect the company as a whole, like the state of the economy, other competitors that are trying to make their mark and just recently, which brings closer to home, the on-going pandemic.
The balance sheet has three elements: assets, liabilities and owner’s equity. For every transaction shown in the balance sheet, the central accounting equation is: Assets = Liabilities + Owners Equity.
No doubt, a financial statement showing income and expense, cash flow, expense tracing is important. However, it varies from different points of view. It is vital to know how important financial statements are according to the point of view of the following:
Indeed, financial statements are important. Yet, how can a company come up with a dependable and seamless financial statement without sacrificing time, resources and quality? Well, look here! There is a free accounting software for small business that is cloud based, capable of producing the financial statements required without having to hire many accountants to do the job.
If you are a start-up company searching for the perfect free accounting software for small business, then this one is for you! Save up some money on fees and resources. EasyFIS free accounting for small business provides a highly accurate and real time view of your financial statements and take note, it is FREE!
EasyFIS free accounting for small business is a cloud-based software that provides higher accuracy and real-time availability of financial reports. Coordination with teams is much faster with prompt customer service. The free plan surely is cost-effective as it has lower costs on deployment and maintenance. Here are the key features of EasyFIS free accounting:
Consider EasyFIS free accounting for small business. Do not let those financial statements overwhelm you.
Take this free plan from EasyFIS. Call us now at +63-32-256-2904 or +639088601619 or leave us a message here.
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).