08Feb 2019 by Admin No Comments
Is Technology a Threat to Accounting?

Is Technology a Threat to Accounting?

For Accountants
You’ve probably heard that the recent development in technology, particularly the artificial intelligence (AI) in accounting software, is a threat to your job as an accountant. Questions such as “Should I hire an accountant or is accounting software enough?” is not uncommon in forums, Q&A sites, and the like. A simple Google search of the keyword “automation and accounting” would even yield links to articles and videos saying that technology is slowly killing the number crunchers in the industry. We beg to disagree. Technology in accounting--that is the accounting software--is by no means created to eradicate accountants in the field. Instead, we regard it as a tool to take off the menial, repetitive tasks off of your shoulders. (We talked about this before too.) What does that mean? To illustrate,…
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03Jan 2019 by Admin No Comments
How to be a freelance accountant

How to be a freelance accountant

For Accountants
Freelancing has been a buzzword for quite some time now thanks to all the perks that come with it. Hence, it’s undeniable that more and more people, including you, are looking into the possibility of scoring some freelance jobs. But “Where do I start?” seems to be the most common question. So here we’re listing down some of the steps to set the ball rolling. Be certified and competent Whether we like it or not, clients would choose certified public accountants over those who haven’t taken the licensure exam yet--even if you have bookkeeping certification. So before getting all excited about this new venture, make sure you have already passed the CPALE. You also have to create a name in the field. One way to do that is to join…
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26Nov 2018 by Admin No Comments
Cloud vs. Desktop Accounting: Which is Better?

Cloud vs. Desktop Accounting: Which is Better?

Business Tips, For Accountants
Still haven’t decided between cloud-based accounting software and the online one?Here’s a simplified comparison we made just for you that we hope can help make up your mind. SecurityWe know that one of the main concerns you have about accounting software is its security. “Isn’t cloud-based more susceptible to malware, virus, and unauthorized access AKA hacking?” you ask.Bellingham Wallace Accounting says that’s a myth. Both are still secure, with the online accounting gaining a bit of the upper hand here. Cloud-based systems’ data are stored in secure dedicated servers, which are protected by enterprise-level security systems. And because it is “in the cloud,” it is safe from physical threats (e.g. anything that can damage your computer).On the other hand, offline or on-premise accounting systems are protected by your local security…
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05Nov 2018 by Admin No Comments
What is smishing and what can you do about it?

What is smishing and what can you do about it?

For Accountants, For SMEs
As the song goes, Christmas “is the most wonderful time of the year.” Unfortunately, it’s also the time when our security--offline or online--are at a higher risk.While we can’t tell you exactly how you can protect yourself from offline thieves and scammers, we can share what we know about the latest modus the digital crooks have and what you can do about it.Let’s start off with smishing.What is smishing?Cute as it may sound, smishing is a risky tool online thieves have been using for some time. In fact, the Philippine National Police (PNP) has an article dedicated to it warning us of its possible consequences.Smishing is a combination of phishing and SMS.So if you know phishing, smishing is the same thing except that it’s done via text messages. It may…
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17Oct 2018 by Admin No Comments
Here’s Why You Have To Ditch Your Spreadsheet Now

Here’s Why You Have To Ditch Your Spreadsheet Now

For Accountants
Can you think of any business that didn’t rely on spreadsheets as they start up?We’d bet you can’t. You see, spreadsheets have become so integral to every business that it’s the basis of a lot of financially related software we use these days.In accounting, we all agree that spreadsheets are way much easier to use than the traditional accounting methods our ancestors taught us.But it’s been almost four decades since the first spreadsheet, VisiCalc, was introduced to us, and don’t you think it’s time to put it to rest?Here are the five reasons we haveSpreadsheets can be complexThere’s no undermining a spreadsheet’s power when it comes to tracking sales, purchases, inventories, and whatnot. In fact, if we know just the right commands and formulas, we can turn the simple spreadsheet…
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05Oct 2018 by Admin No Comments
Why 15 minutes is all you need to prepare BIR forms with Oojeema

Why 15 minutes is all you need to prepare BIR forms with Oojeema

For Accountants
  Let’s admit: Preparing BIR forms is one of the most daunting tasks in accounting and bookkeeping. It’s boring, painstaking, and eats up a lot of your time you could have spent on something else. This is especially true for those who are still using the traditional method AKA the spreadsheet. Let’s take the form 2550Q as an example. We all know that the second part of this form houses output taxes for different revenues. There’s the VATable sales, sales to government, zero rated sales, and so on. As you can probably see, going through each of these boxes, even with the help of spreadsheet takes a lot of time. Oojeema helps save you time by automatically computing output taxes as you go. Here’s a short video of how easy…
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28Sep 2018 by Admin No Comments
How to simplify BIR reports preparation with Oojeema

How to simplify BIR reports preparation with Oojeema

For Accountants
Do you waste countless hours computing taxes and encoding them on BIR’s portal? It’s not a very nice feeling, is it? Oojeema understands your frustration; thus, it offers you with a system that will simplify most, if not all, of your accounting processes starting with BIR reports preparation. How so? BIR forms in a jiffy First, preparing BIR forms 0605, 2550M, 2550Q, 2551M, 2551Q, 1601E, and 1604E is quick and easy. As you add sales and purchase transactions, these forms are automatically updated without having to log in to another website to manually sync your data. With others, you have to log in on to one website, connect your account from the other website, and sync your data. For every transaction you make on the other website, you have to…
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18Sep 2018 by Admin No Comments
3 Reasons Why Oojeema is the Best Small Business Accounting Software

3 Reasons Why Oojeema is the Best Small Business Accounting Software

For Accountants, For SMEs
Accounting and technology are, without a doubt, inseparable these days. Hence, it’s no longer a question of whether to get accounting software; rather, it’s about which accounting software to get.With the plethora of options in the market today, how do you know what will work best?Business News Daily identifies the following considerations, especially for small businesses:CostUsabilityFeaturesNow let’s see how Oojeema is a perfect fit for each of the items above.CostCompared to the most popular accounting software out there or even to the small business accounting software everyone’s talking about on social media, Oojeema is the most affordable.For only PhP800 a month, excluding VAT, it’s almost 50% less than its competitors. Even if you include VAT to its price, it is still way more affordable than others with the same features.UsabilityBeing…
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11Sep 2018 by Admin No Comments
Will technology replace accountants?

Will technology replace accountants?

For Accountants
With all the advancements in technology burgeoning these days, particularly the accounting software for the accounting industry, we can’t help but ask, “Will technology replace accountants?” Will there ever come a time when businesses would no longer need a bookkeeper or an accountant’s help and rely solely on technology? We’d like to believe that’s never going to happen. At least not anytime soon. Bernard Marr of Forbes agrees. He says, “Robots are NOT going to replace all human accountants or bookkeepers.” Instead, he encourages bookkeepers and accountants to work with the machines so they can do more in less time. How then can we make technology work for us? Hubdoc suggests managing and evaluating your accounting workflow. For sure, there are processes you do every day or on a regular…
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10Aug 2018 by Admin No Comments
3 Simple Steps that will Get the Right Accounting Services Fees

3 Simple Steps that will Get the Right Accounting Services Fees

For Accountants
“So how much do I have to pay for your services?”This is probably one of the most challenging questions we can encounter in our practice. We may have been taught how to keep the books balanced or file taxes on time, but nobody actually taught us how much to charge for our accounting services.Perhaps, some of us were fortunate enough to be mentored by other practitioners, those who have been in the industry for a long time.However…Their pricing scheme may no longer be applicable to our time.So how do you determine how much you should charge for your accounting services fees?Here are three simple steps to follow.Compare pricesProbably one of the first things we do when planning to put up a business is to compare the prices. From this, we…
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