In today’s digital age, businesses have access to a variety of online accounting software options that can help them manage their finances more efficiently. However, not all software is created equal, and not all of them are compliant with BIR Computerized Accounting System (CAS) regulations.
For small and medium-sized enterprises (SMEs) in the Philippines, finding an online accounting software that is both BIR CAS-ready and easy to use can be a challenge. This is where easyFS comes in – the perfect solution for SMEs looking to streamline their accounting process and stay compliant with BIR regulations. We keep track of the latest BIR guidelines for CAS to ensure that our software is always compliant, and we make it easy for you to generate BIR-compliant financial reports on time and avoid any potential penalties.
At easyFS, we understand that accounting can be a daunting task for small businesses. That’s why we’ve designed our cloud accounting software to be user-friendly and intuitive, making it easy for you to manage your finances and stay on top of your accounting obligations.
Benefits in using easyFS
Using cloud-based accounting software like easyFS can provide numerous benefits to small and medium-sized enterprises (SMEs). Here are some of the benefits:
Low cost of deployment:
easyFS is a cloud-based software, which means it’s delivered over the internet as a service, so you don’t need to invest in expensive hardware or infrastructure to deploy it. This can result in significant cost savings for SMEs, particularly those that have limited budgets. Savings include not having to employ and deploy and maintain a whole IT infrastructure among others.
With easyFS, you don’t need to worry about upgrading to the latest version of the software as it is done automatically. This means that you always have access to the latest features and functionality, without having to go through the hassle of manually upgrading your software.
With easyFS, you can streamline your accounting processes and automate routine tasks, which can save your team a lot of time and effort. Different teams in different locations can collaborate seamlessly because they work with the same set of data accessed in real time. This can free up your team to focus on other important areas of your business and improve their overall efficiency.
Anytime, anywhere convenience:
easyFS is accessible from anywhere with an internet connection and at any time, in real time giving you the flexibility and convenience you need to manage your finances on the go. This is essential for modern SMEs that need to stay connected and responsive to their customers and stakeholders.
In addition to these benefits, easyFS also provides a range of features that can help you track your expenses and purchases, manage your sales and inventory, generate financial reports, and more. With easyFS, you can gain valuable insights into your business and make informed decisions that can help you grow and succeed.
At easyFS, we pride ourselves on offering a range of cutting-edge features that help small and medium-sized enterprises (SMEs) in the Philippines manage their finances with ease. Here’s a closer look at each of our seven features:
BIR CAS-ready: Our platform is fully BIR CAS-ready, making it easier for your company to apply for BIR Computerized Accounting System (CAS) registration. This feature ensures that you are compliant with the latest regulations, while also simplifying your accounting processes.
Sales and Inventory Management: With easyFS, you can easily manage your sales and inventory, helping you to stay on top of your stock levels and make informed decisions about your products and services. This feature also allows you to generate reports on your sales performance, helping you to optimize your sales strategies and drive growth.
Tracking business expenses and purchases: With easyFS, you can easily track your business expenses and purchases, helping you to stay on top of your cash flow and make informed financial decisions. Our platform allows you to quickly enter expenses and purchases, categorize them, and generate reports to help you understand where your money is going.
On-the-spot invoicing: easyFS allows you to create professional invoices on the spot, making it easy to bill your customers and get paid quickly. This feature is perfect for SMEs that need to generate invoices quickly and efficiently, without sacrificing quality or accuracy.
Generate financial reports: With easyFS, you can generate powerful financial reports like cash flow statements, balance sheets, and income statements with just a few clicks. This feature gives you valuable insights into your financial performance, helping you to make informed decisions about your business and plan for the future.
Capable of handling multi-branch and multi-company operations: easyFS is designed to handle the unique needs of SMEs with multiple branches or companies. This feature allows you to easily manage your finances across multiple locations or businesses, giving you a complete view of your financial performance.
Cloud-based accounting software: easyFS is a cloud-based accounting software that makes it easy for your teams to collaborate no matter where they are. That’s because your teams have access to the same data that is stored remotely in the cloud.
Our platform is designed to help SMEs stay competitive, efficient, and compliant, while also providing the convenience and flexibility they need to thrive in today’s fast-paced business environment. So why wait? Sign up for easyFS today and start managing your finances like a pro!
easyFS is designed to cater to the accounting and financial management needs of small and medium-sized enterprises (SMEs) in various industries such as retail, hospitality, healthcare, and services. Whether you’re a startup or a well-established business, easyFS can help simplify your accounting processes and provide you with valuable insights to make better financial decisions.
Stay in the loop with our constant product enhancements! We’re excited to release regular updates, packed with new features and improved functionality. To stay up-to-date and explore upcoming releases, simply click the button below. This dedicated resource is your window into the current state of our product and a sneak peek at what’s to come.
easyFS is a cloud accounting software designed for small and medium-sized enterprises (SMEs) in the Philippines. It offers features like sales and inventory management, expense tracking, on-the-spot invoicing, financial reporting, multi-branch and multi-company operations, and anytime, anywhere convenience.
What makes easyFS different from other cloud accounting software?
easyFS is BIR Computerized Accounting System (CAS)-ready, which makes it easier for businesses to apply for CAS registration. It also offers features like on-the-spot invoicing and multi-branch and multi-company operations, which other cloud accounting software may not have. Additionally, easyFS is user-friendly and accessible from anywhere with an internet connection.
Is easyFS suitable for SMEs in the Philippines?
Yes, easyFS is specifically designed for SMEs in the Philippines. It offers features that are essential for businesses in the country, such as BIR CAS readiness and compliance, multi-branch and multi-company operations, and support for local currencies and tax requirements.
Can I use easyFS for BIR Computerized Accounting System (CAS) registration?
Yes, easyFS is BIR CAS-ready, which means it meets the requirements set by the Bureau of Internal Revenue for CAS registration. Using easyFS can help businesses simplify the CAS registration process.
Does easyFS come with sales and inventory management features?
Yes, easyFS includes sales and inventory management features. It allows businesses to track their sales and inventory in real-time, helping them make informed decisions about their products and services.
Can easyFS track my business expenses and purchases?
Yes, easyFS allows businesses to track their expenses and purchases. It offers a simple and efficient way to manage business finances, ensuring accurate records and reducing the risk of errors.
Can I create invoices on-the-spot with easyFS?
Yes, easyFS offers on-the-spot invoicing, which allows businesses to create and send invoices to customers instantly. This feature helps businesses save time and improve their cash flow by reducing delays in payment.
Can easyFS generate financial reports like cashflow, balance sheet, and income statement?
Yes, easyFS can generate financial reports such as cashflow, balance sheet, and income statement. These reports provide businesses with a clear view of their financial status, helping them make informed decisions about their future plans.
Does easyFS offer multi-branch and multi-company operations?
Yes, easyFS is capable of handling multi-branch and multi-company operations. This feature allows businesses with multiple branches or companies to manage their finances in one system, making it easier to monitor their overall performance.
Can I access easyFS anytime, anywhere?
Yes, easyFS is a cloud-based software that can be accessed anytime, anywhere with an internet connection. This feature allows businesses to work from any location, increasing their productivity and efficiency.
What are the benefits of using easyFS for my business?
easyFS offers a range of benefits for businesses, including BIR CAS readiness and compliance, sales and inventory management, expense tracking, on-the-spot invoicing, financial reporting, multi-branch and multi-company operations, and anytime, anywhere convenience. Using easyFS can help businesses simplify their accounting and financial management processes, reduce errors, and improve their overall performance.
How easy is it to use easyFS?
easyFS is user-friendly and designed to be easy to use. The software offers a simple and intuitive interface, making it easy for businesses to navigate and complete their accounting tasks.
Is there a free trial available for easyFS?
Yes, easyFS offers a free trial period for new users. This allows businesses to try out the software and determine whether it meets their needs before making a purchase.
What type of customer support is available for easyFS users?
easyFS offers customer support through email and chat. The support team is available to assist users with any questions or issues they may encounter while using the software.
How secure is my data on easyFS?
easyFS takes data security seriously and employs measures to ensure the protection of user data. The software uses industry-standard encryption to safeguard data, and it also offers regular backups to prevent data loss.
Can I integrate easyFS with other software I’m currently using?
Yes, easyFS offers integration with other software through its API. This allows businesses to streamline their workflows
Not yet but easyFS is BIR-ready. We will just process separately for BIR accreditation.
Once accredited to the BIR, what are the forms we can get from the software?
You can get all the the forms such as the general journal, general ledger, sales & purchases journal, inventory journal, receipt & disbursement journal, forms 2306, 2307, 0619-E, and so on.
Can easyFS can cater to the service industry?
It depends on the type of service industry, there is a workaround process to fit your specific requirements.
Can we use our loose leaf in issuing invoices?
Yes, you can. We will check your format and run a test on it.
Are the inclusion of the easyFS?
It has purchases, sales, inventory, budget management, fixed asset management, and financials. Every module is available in the system.
What are the benefits of using cloud-based accounting software?
Access from anywhere – Cloud-based software allows businesses to access their financial data from any location with an internet connection. Automatic updates – Cloud-based software providers typically update their software automatically, so businesses always have access to the latest features and functionality. Secure – Cloud-based software providers typically use advanced security measures to protect their customers’ financial data.
Do you need to install a software to do Accounting Online?
No, you don’t need to install any software in order to execute accounting online. All you need is a browser and an internet connection in order to handle accounting. You don’t need to download any software
Is it safe to put your financial data in the cloud?
Yes, it is safe to store your financial data in the cloud. Most of the reputed accounting software providers focus on security while creating such software. Our accounting software has data encryption (SSL or TLS) encryption. A lock is found to know that a website is secured.
Is easyFS BIR CAS-ready?
BIR CAS-ready easyFS automatically computes sales and withholding taxes
Can EasFS automatically generate Journal Entries?
easyFS provides automatic journal entries for each financial transaction like Sales, Purchases, Collection, Disbursements etc.
Can Financial Statements be generated automatically?
easyFS provides automatic reporting for financial statements and other schedules or reports
Can easyFS automatically compute taxes?
easyFS automatically calculates business taxes and withholding taxes to relevant transactions
Can easyFS monitor Fixed Assets and compute depreciation?
easyFS creates a Fixed Asset Schedules and automatically computes monthly depreciation
Can other currencies be automatically translated for each transaction?
easyFS allows foreign currency transactions and automatically translates journals to functional currency
Can easyFS reconcile bank statements?
easyFS facilitates Bank Reconciliation including multiple banks
Can easyFS automatically keep inventory records efficiently?
easyFS have inventory management module that aids in recording and tracking inventory movements
Can easyFS track Gains and Spending if the Budget is critical?
easyFS Budget Manager allows tracking of spending and revenues and helps managing your resources and staying within the budget
Can invoices and receiving receipts be printed and sent electronically?
easyFS generates financial documents like invoices and receiving receipts ready for printing or sending electronically
Can easyFS be opened on a phone or tablet?
easyFS can be opened in phone or tablet thus always on-the-go
Can easyFS analyze cash flows?
easyFS Cash Flow Projections gives flexible estimates of the cash inflows, outflows and balance
Can easyFS keep track of post dated checks to avoid penalties?
easyFS Check Warehousing facilitates in tracking of post dated checks and bounced checks also comes with a Check Writer
Can easyFS integrate data from POS machines to the system?
easyFS can integrates with Point of Sales (POS) Machines in recording sale transactions through the system
How to Collect Outstanding customer receivables?
In the easyFS Module open the Sales Module, Click on the Collection Menu, Click the Add button, Choose Customer, Choose referring Sales Invoice, Put Amount you want to Pay, Click Save, Click Lock. You can check in the Accounts Receivables Module to verify if the Outstanding balance of the Customer is already gone or zero. You can also verify if the collection is successfully posted by checking Collection Reports.
Can easyFS generate BIR form 2307?
Go to Financials > BIR CAS Reports > Form 2307
Can easyFS generate BIR form 2306?
Go to Financials > BIR CAS Reports > Form 2306
Can items be added in bulk?
Go to System > Company > More Settings > Utility > Select “Item File Format”. Input all items using the default format in the excel file. Then that file can be uploaded in the system by selecting the “Item Bulk Update”.
Can suppliers be added in bulk?
Go to System > Company > More Settings > Utility > Select “Supplier File Format”. Input all suppliers using the default format in the excel file. Then that file can be uploaded in the system by selecting the “Supplier Buk Update”.
Can customers be added in bulk?
Go to System > Company > More Settings > Utility > Select “Customer File Format”. Input all suppliers using the default format in the excel file. Then that file can be uploaded in the system by selecting the “Customer Bulk Update”.
Can easyFS and easyFS Global adapt to the two methods of Generally Accepted Accounting Principles of Cash or Accrual Method?
Accrual accounting is a method of accounting that records revenues and expenses when they are earned or incurred, regardless of when cash is actually received or paid out. This method is in contrast to cash basis accounting, which records revenue and expenses only when cash is actually received or paid out. Yes, easyFS and easyFS Global can adapt to both Accounting Methods depending on the users preference and implementation of internal company policies and procedures.