The Top 5 Myths About BIR CAS-Ready Cloud Accounting Software: Debunked
By Johnny Kawa Introduction In recent years, cloud accounting software has gained…
For a business to succeed, accounting is essential.
It is also the most integral to ensuring seamless operations of every business.
It supports management in maintaining a continuous lookout of the company’s finances and being on top of it all.
Through the years, we have been doing accounting methods but with the computer age, much has changed.
We are now in the era of intelligent software doing the job, specifically a cloud-based bookkeeping software, undeniably, a very powerful tool in accounting.
With the rise of computerization and technological advancement comes the computerized accounting systems (CAS) being implemented in companies.
There are many different ways to define computerized accounting systems but in a nutshell, it is a smart and high-functioning bookkeeping software that achieves a number of automated accounting processes.
It can be hosted in various methods through the following: a network server, an assigned single computer or cloud-based.
Managing a business is a daunting task but with the help of CAS, financial management, report-making, bookkeeping and all the other complicated accounting processes are done more effectively and accurately.
CAS has modules included and caters to all these accounting operations:
The company will be able to benefit from all of these with timeliness, accuracy and efficiency while performing the following functions:
The Bureau of Internal Revenue (BIR) has required big companies to have a computerized accounting system.
This is one of the main reasons why many are looking into it.
CAS is not just for large scale businesses but also, beneficial for small to medium sized enterprises (SMEs).
To make sure that your accounting tasks are in sync with BIR’s rules on CAS, here’s what you need to consider:
The initial step for the company to consider is to know about the existing accounting systems and make sure to sync up with the different components of CAS specifications.
As per CAS regulations, the four components that need to be in sync are:
Knowing the first step and preparing the four components will make it a lot less daunting and the road to ease and accuracy is now at hand.
Now, on to the second step.
Look for a perfect bookkeeping software that is CAS compliant and is cloud-based, efficient and works well within your budget.
One software that is proven and widely used is EasyFIS.
Here are some Key Features and Benefits of EasyFIS.
Now the third step is to become CAS compliant.
Register your chosen software at the BIR.
With EasyFIS. being BIR accredited and CAS compliant, it will be much faster to streamline tax audits.
Knowing compliance requirements and following them is such a hassle, with EasyFIS, you are assured of BIR accreditation.
Accelerate your company’s growth with EasyFIS.
It is designed perfectly for sales, inventory and accounting systems designed for micro, small and medium enterprises (MSME).
Sign-up now to get a FREE Trial Account of EasyFIS. Click here to Sign-up.
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).