The Top 5 Myths About BIR CAS-Ready Cloud Accounting Software: Debunked
By Johnny Kawa Introduction In recent years, cloud accounting software has gained…
All companies in the Philippines, small, medium, and large alike, must stay on top of their operations. It is understandable for a company just using paper-based and manual accounting. It may prove to be useful and passable at the outset for the company’s initial needs.
But as it grows, there is so much more to do, especially because the volume of data increases in direct proportion to the increase in transactions, operations, manpower, and all the attendant elements of a growth story.
At some point in business operations, the need for a computerized accounting system (CAS) only becomes more significant. And in the Philippines, it has to be BIR-Accredited.
Most often, a BIR CAS-ready cloud accounting system is disregarded by businesses. As a result, it has become one of the less prioritized business essentials in the Philippines, especially for SMEs or Small and Medium Enterprises. This could be brought about by several reasons that may include mainly the lack of information, manpower to do it, and the expenses or budget needed.
Sadly, most SMEs are in their comfort zones and limited to manual accounting and bookkeeping. But the thing is, when companies grow, expanding means having to comply with government regulations, and having BIR-ready accounting software is a must-have nowadays.
What is a Computerized Accounting System, or CAS?
A Computerized Accounting System is an accounting software system that is high-functioning, intuitive, and automated. It optimizes several financial processes and stores all related information in an integrated, more cohesive system. There are CAS software systems available in the market, but the Bureau of Internal Revenue (BIR) has specific requirements for businesses seeking to use CAS. So, there is no other choice but to comply. Technically, only large companies worth exceeding P100 million must have their own BIR CAS-ready accounting software.
However, small and medium-sized enterprises (SMEs) can also have the discretion to adopt BIR-ready accounting software in preparation for the future. But the process of having one is extensive and meticulously done. So, SMEs and other companies have to be ready for it.
While the process does take a significant amount of work, SMEs stand to gain a great deal in getting their hands on this powerful BIR-Ready accounting software.
Stay on top of your finances. But, first, you need to know what is in store in getting a BIR CAS-ready cloud accounting software.
Are you a Large Taxpayer looking for BIR CAS-ready Accounting Software to stay compliant with BIR regulations? Are you an SME future-proofing your growth by adopting a BIR CAS-ready accounting system? Then consider EasyFS.
At EasyFS, you can stay on top of your finances and manage your finances seamlessly. try EasyFS. Book a free demo today. https://human-incubator.com/easy-fis/
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).