Category: For Accountants

Tax season is that time of year your stress level as an accountant is as high as Santa Claus’ and his elves at Christmas time.The sad part is we have been used to the onset of tax season stress that our minds have been programmed to overwork come the first few months of the year. We no longer look for ways to lessen the pressure and the stress that it entails.But with these simple changes, you can actually enjoy the usually stressful tax season.Manage accounts incrementallyBlame our Spanish ancestors for introducing the Mañana habit because this trait is one of the reasons our workload gets piled up come the deadline.Or…We can also get rid of it altogether in our practice. Here’s how.Instead of isang bagsakan when updating your clients’ accounts,…

It is a bit quite late writing this, but it’s still January so it’s still the start the year technically. Plus, we all believe in the saying “Better late than never.” So here we are sharing what you should be part of your new year’s resolutions that can help boost your presence in the community. Whether you have been in the business for long or are just starting to build your empire as an accountant, you should get a thing or two from these tips. Without further ado, here are the things you should embrace so you’re off to a good start this year. New Year's Resolutions Accountants Should Have Create a LinkedIn profile. It’s 2018 you guys, and we all know a Facebook profile is not enough. Taking advantage…

Editor's note: This article was first published in June 2017 but has been revamped to stay up-to-date. You look with dread at your accounting books and forms that you have to fill. Various clients with different information that needs to be entered and computed. Can this day get any worse? You’re in luck! Fortunately, in this day and age of computers and high-speed internet, there is computer software that can efficiently perform accounting functions at a push of a button. There are a number of online accounting software out there that you can check out and see which fits your needs. They make processes more efficient. May it be calculating revenue, computing the payroll, or improving cash flow, software is indeed a great investment for any company that wants to get ahead…

The number of millennials having their own business venture is steadily on the rise. Hence, it is only proper for you, as an accountant, to have them as one your clients. Otherwise, you will be creating a big dent in your business.As previously discussed, these millennial entrepreneurs have a set of criteria should they wish to work with accountants and accounting firms alike. If you want to lure this big fish, you should have the following methods in your accounting practice.DigitalIt is not an overstatement when we say that millennials and technology go hand-in-hand. Thus, if you are to partner with them, you should know the digital world by heart. Having a reliable accounting software is a must. But switching to digital does not only refer to going paperless. You should…

A significant number of millennials make up the workforce and the millennials who start up their own business have been continually on the rise. In fact, Business View published an article calling this generation a “generation of entrepreneurs.”And according to Accountancy Age, a third of these entrepreneur millennials make at least $1.1m in annual revenue. In other words, this generation makes up one of the best accounting clients profit-wise. However, this generation also has high standards when it comes to hiring employees and choosing potential partners. In terms of accounting and bookkeeping colleagues, here are the characteristics they require.Strategic insightReporting, forecasting, and cash flow are the top three frustrations of millennial businesspeople. Hence, they prefer an accountant that can provide strategic insight into the finances of the company. Note though…

There is certainly a job growth occurring in the Philippines. Information Technology (IT) jobs are coming here in waves through companies seeking the expertise of Filipinos. Business Process Outsourcing (BPO) is also continuing its upward trend of providing more and more call-center jobs to young and alike.Nursing, engineering, banking, financial and all other areas are seeing gains and offering opportunities to more of our countrymen. However, there are those who like mathematics and playing with numbers.They have entertained the thought of a career in accounting but unsure of its prospects. With so many job careers to choose from, how lucrative is the accounting job in the Philippines?What we can say is that accounting jobs have never looked so promising in the Philippines. In the last few years, accounting has been…

We all agree that our beloved ledger and journal have gone a long way to make sure our finances are in check. However, we are also aware of the limitations this method has in terms of accounting. For starters, it’s a challenge to search for old records or any record for that matter. Second, there’s no backup. If these records are lost, most probably they’re lost forever. Last, they are not secure. Anyone who has access to them can tamper the data (read: Teleserye eksena).For these reasons, we highly recommend digital and online accounting systems. But, we also know that modern systems seem to be intimidating, especially for those who are not very much familiar with the current technology.This is the exact reason we created Oojeema. Why switch to Oojeema?Oojeema…