Bookkeeping
Organized, accurate financial records that keep your business audit-ready and give you a clear picture of where you stand.
What It Is / Who Needs It
Under the National Internal Revenue Code, every taxpayer in the Philippines is required to keep books of accounts recording their business transactions this applies to corporations, partnerships, and sole proprietors alike, regardless of size. These books must be registered with the BIR at your Revenue District Office before use, and serve as the foundation for every tax return you file.
What's Included in B&P's Service
Recording of day-to-day transactions (sales, purchases, expenses)
Bank and account reconciliation
Maintenance of general ledgers and subsidiary records
Preparation of financial reports for management review
Registration of books of accounts with the BIR
Requirements / Documents needed
✓ Official receipts and sales invoices
✓ Purchase receipts and expense records
✓ Bank statements
✓ Previous accounting records (if an existing business)
✓ BIR Certificate of Registration
Process & Typical Timeline
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Document collection
You provide receipts, invoices, and bank statements for the period
Recording & classification
Transactions are recorded into the appropriate ledgers
Reconciliation
Bank and account balances are checked against your records
Reporting
You receive organized financial reports ready for tax filing or management use