3 Reasons the Accounting Job is the Top Choice in the Philippines

3 Reasons the Accounting Job is the Top Choice in the Philippines

For Accountants
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…
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3 Reasons Oojeema Is a Better Option than Ledger and Journal

3 Reasons Oojeema Is a Better Option than Ledger and Journal

For Accountants
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…
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3 Excellent Reasons Technology Improves Accounting

3 Excellent Reasons Technology Improves Accounting

For Accountants
There are piles and piles of accounting books and ledgers that you have to go over. You have to check invoices, file receipts, and make computations and the day is almost over.Is there a way to make everything more efficient and your life simpler?It's a good thing there is, and it's called technology. In this day and age of the World Wide Web and advanced computers, there is also technology that can cater to your accounting needs.There are many new technological advances that improve and even revolutionize accounting. From cloud computing to social media, the role of technology is to make bookkeeping processes simpler and your life hassle-free.3 excellent and practical roles of technology in accounting1.  AccuracyYou've been working all afternoon looking at numbers and performing computations. Hour after hour,…
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Crunch it: A glimpse into the world of financial statements

Crunch it: A glimpse into the world of financial statements

For Accountants, For SMEs
Among all the industries, I can say that accounting can easily count as one of the backbones of society. Why? This is because businesses, big and small, and even the government have some kinds of accounting system in place. According to LinkedIn’s special report on Philippine's workforce, individuals who crunch numbers for a living are quite in demand. The report only goes to show that the field of accounting, like medicine, science, and technology, is fundamental in helping society function properly. The accounting practice in the Philippines Did you know that the system of accounting in the Philippines can be traced back to our ancestors when we exchanged goods and services with the Chinese, Indians, and Malays? During this time, “accounting” was a simple matter of hands exchanging cash. Eventually,…
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Do you know the top challenges for accounting firms?

Do you know the top challenges for accounting firms?

For Accountants
Of course, accounting firms, like all other businesses, are confronted with challenges.  However, to solve any problem, you need to be able to define specifically what the problem is before you can find out how to deal with them. To help you with identifying these problems, let us look into the top business challenges for accounting firms. Top challenges for accounting firms The first challenge is attracting and developing new business.   Research reveals that 70% recognize this as the primary challenge for accounting firms. Finding new clients appear to be an increasing concern for firms in the industry as international competition mounts. So as not to be hampered by such obstacles, you should be able to set objectives which will allow your accounting firm to grow organically. Another challenge…
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Technology, Agility, Accountability and the Other Challenges Facing Accountants Today

Technology, Agility, Accountability and the Other Challenges Facing Accountants Today

For Accountants
Role of accountants in the pastAccountants like ourselves are in a different position than where we were about ten years ago. Back then, we worked within the confines of our own world that was full of numbers.We calculated figures, made financial forecasts, checked the incoming revenues versus outgoing expenditures, and overall, we had to be sure that the company’s bottom line was safe.It was our job to tell our bosses and managers that this department was making money, or that the company overall had to cut down on unnecessary costs if it was to enter a healthy fiscal year.And then back we went to our respective cubicles, jotting down figures and numbers, and keeping the company’s most confidential data under tight lock and key, in a manner of speaking.Role of…
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Oojeema: The Headache-free Accounting

Oojeema: The Headache-free Accounting

For Accountants, For SMEs
Bookkeeping is never an easy task. There are several chores you have to accomplish mostly on a daily basis. There’s the billing for goods, recording receipts from customers, verifying invoices, and many others. Whether you are a private practitioner or a part of an accounting firm, the process of recording and tracking financial records for your client is indeed a feat. The problem with manual accounting Keeping track of the company’s finances through the traditional ledgers or the semi-modern spreadsheets has been the practice of many businesses. While this practice can do the job alright, it has several downsides. Below are some examples. Lost documents. No matter how meticulous we are in keeping receipts, invoices, and other necessary documents, there comes an unfortunate time when at least one of these…
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How to Get Bookkeeping Clients Quickly: 3 secrets for accountants

How to Get Bookkeeping Clients Quickly: 3 secrets for accountants

For Accountants
It’s beautiful weather as spring rolls in to lighten everyone’s mood. People try cheerfully going about their day. But something is nagging their minds about what they have to do. It’s something that they can’t postpone any longer. This time of year can, of course, only mean one thing. Tax time! So this means big business for accountants, right? Not necessarily. You may think accountants would have a field day getting clients left and right. But that’s not always the case. There are so many capable accountants and bookkeepers out there that you must know how to get bookkeeping clients in order to get ahead in this game. How to get accounting clients Always Ask Everyone for Referrals Too often people are shy about getting referrals. This should not be the…
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Technology and Accounting: Keep Up or Keep Out

Technology and Accounting: Keep Up or Keep Out

For Accountants
Technology and accounting are two inseparable concepts in bookkeeping. So if you’re into bookkeeping or accounting, then you will need to learn IT and all the technology that goes with your profession. In fact, if you want to progress in your career, you have to think beyond the confines of the traditional ledger and bean counter and be an IT-savvy partner who keeps both your superiors and your colleagues always updated on their numbers. You do this by accessing several databases, doing lightning-speed calculations, and coming up with graphs, maps, and charts that explain your numbers. You do all these using the accounting software tech that has completely revolutionized your industry and changed the rules of your profession. Why you need to keep up with technology You need to come…
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Are you the perfect fit for a small business accountant?

Are you the perfect fit for a small business accountant?

For Accountants
Do you have what SMEs look for in an accountant?  Congratulations, if your answer is yes. But, if you feel that you still need to work up on certain attributes to be a small business accountant, you can begin by examining what financial skills SMEs demand. Most businesses generally need an accountant who is professionally competent, trustworthy, and ethical. Over and above these attributes, you need to possess specific qualifications that suit the nature of SMEs in particular. ACCA Global, a professional accounting body which members span across the globe, identified what small businesses require in accountants.  To make sure you can match their requirements, you can check out the list of attributes provided to meet each of their demands. SMEs expect that accountants assist business owners or managers in…
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