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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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Important Things All Small Businesses Must Have in Order to Survive

Business Tips
Image credit: Unsplash It cannot be said enough: a great product alone does not make for a successful small business. For any company to succeed, all its ducks must be in a row. Even a little disorganization can result in lost product, unfulfilled invoices, and wasted working hours. Here are several things your business must have in order if you want it to survive. Tax Information  There are many reasons a small business can fail, but by far, the worst is the failure to pay taxes. It may be irritating, it may be annoying, it may even be depressing, but it's vital. You can't run the business legally if you don't give the government is due. Spend on accountants or software to make sure you don't miss a thing. Manufacturing  Creating your…
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Know Your Taxes: BIR Form 2307

Know Your Taxes: BIR Form 2307

For Accountants, For SMEs
What is 2307? According to the Bureau of Internal Revenue, BIR Form 2307, or Certificate of Creditable Tax Withheld at Source, is a certificate issued by the withholding agent to the recipients of income subject to expanded withholding tax. Who should submit BIR Form 2307? Individuals or non-individuals who are subject to EWT. When is 2307 submission? The issuance of Form 2307 is upon payment to the supplier if WTAX is deducted. Otherwise, no 2307 is needed. What is the purpose of 2307? 2307 is proof that creditable tax and/or expanded tax have been withheld. Oojeema’s 2307 Did you know? Oojeema helps you generate 2307 fast.  If you’re using the traditional, the usual process is to look for a free download of BIR Form 2307 Excel format or a free…
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19 CPA Gift Ideas: What Do Accountants Really Want?

19 CPA Gift Ideas: What Do Accountants Really Want?

Business Tips, For Accountants, For SMEs
Have you ever asked an accountant what gift they really want to get? We have. And below are the replies. So if you’re planning to give one a gift, grab your pen and note which CPA gift ideas you should get them. (Note: good luck finding some of them though). CPA Gift Ideas #1: Laptop/iPad/Kindle https://gph.is/2Nek1o9 via Giphy Laptop --J Y Laptop. VL hahaha --D A laptop with very good specs, storage and ram. :) --A D. C iPad Pro --M S D Kindle if mahilig magbasa --A A #2: Pen via GIPHY Sign pen --A A Ballpen --M F #3: Calculator via GIPHY Calculator. Ung pampalengke pero branded. --N M S Calcu, G-tech, pera --M F Timbangan n may calculator ginagamit s market para malaki ang box. --A L…
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Startup Business Advice: How To Avoid BIR Penalty

Startup Business Advice: How To Avoid BIR Penalty

Business Tips
Image from Imgflip We’ll cut the chase. You want to start a business, and you want to avoid being penalized. We get it. But for you to actually dodge it, you have to follow these tips to a T. These tips are from tax experts Mon Abrea, former BIR examiner, and Mark Anthony Pojol, a tax consultant. We also added information from the Bureau of Internal Revenue’s regulations (RR) and other government agencies’ policies. Ways To Avoid BIR Penalty Get an accountant. Image by Free-Photos from Pixabay We’ve mentioned this before in a previous article. You should always seek professional advice. It’s either you hire one full-time or get a retainer. This is particularly applicable if you don’t have financial know-how. But even if you do, you’ll surely be occupied…
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10 Skills You Should Master To Be A Small Business Accountant

10 Skills You Should Master To Be A Small Business Accountant

For Accountants
Image by R A from Pixabay First things first: Why should you choose to be a small business accountant? Here’s the quick answer: Small and medium businesses are the backbone of the economy. The Association of Chartered Certified Accountants (ACCA) estimates about two-thirds of jobs worldwide are created by SMEs. This means helping them succeed translates to helping a huge number of people be and remain employed. That’s a pretty noble job, isn’t it? So to be an effective part of building or protecting small business wealth, here are what you need to master according to The Balance Team. Skills of a Small Business Accountant For startups Financial analysis. What does their business plan say about their finances? Is it feasible? Does it need tweaking? You see you can tell…
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5 Reasons You’re Not Having a Profitable Business

5 Reasons You’re Not Having a Profitable Business

Business Tips, For SMEs
Connected Women, headed by Ms. Gina Romero and co-founder Ms. Ruth Yu-Owen, in partnership with Facebook, through Prof. Aries Patawaran, conducted a one-day seminar about starting up a business and marketing it. One of our team members was present at the event; thus, we are sharing the things to avoid so you, too, can have a profitable business in the Philippines. Note that the following items are not listed according to how they were discussed in the seminar. Also, this is a mash-up of the two topics mentioned above. Reasons Why You Don’t Have a Profitable Business You don’t understand the market. Understanding your market, through market research, is crucial for any business. The University of British Columbia says accurate data about your market is critical. The video below explains…
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Startup Business Advice: Here’s A Trick No One Told You About

Startup Business Advice: Here’s A Trick No One Told You About

Business Tips, For SMEs
Image by Tayeb MEZAHDIA from Pixabay Do you find starting up a business overwhelming? Well, here’s a story for you. Back in 2003, when we were just starting, we had all these ideas but unsure how to put them into action. Where to start?   How do I do get clients? What if they don’t like the product? What makes the startup successful? There were way too many questions.  Despite all these confusions, however, one thing was clear: We want to start up a business and we can’t mess it up. So, we asked our entrepreneur friends how they managed to survive, and they gave us various startup business advice. But what’s common among them is: Take advantage of all FREE things. So we did. Pero hindi rin pala ganun kadali…
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How To Increase Profitability  In the Modern World: Experts Reveal 3 Tips

How To Increase Profitability In the Modern World: Experts Reveal 3 Tips

Business Tips, For SMEs
Let’s face it.   In today’s ever-changing environment, the ever-growing consumer demands and expectations and technological advances, competition in business is fierce. Which means to be profitable, your business has to come up with a long list of strategies. But who has time for all these? So we scoured the internet for the fastest tips on how to increase profitability, and almost all them point to one thing: Productivity. The thing is… What productivity workshops have been telling us does not apply any longer. The modern business setting calls for modern productivity techniques. Relying on time management alone no longer works. What should be done instead? We gathered information from different sources, and here are the top tips from the experts. How to be productive in the modern world Have time…
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Tax Amnesty Act

Tax Amnesty Act

For Accountants, For SMEs
 Simply put, the Tax Amnesty Act is a ONE-TIME opportunity to settle tax obligations--estate tax and general tax--at a reasonable rate. Estate tax What is covered? If a decedent died on or before December 31, 2017, and has an unpaid or accrued estate tax(es) as of the aforementioned date, his/her estate is covered. What is exempted? Final and executory delinquent estate tax liabilitiesThose covered by Tax Amnesty on DelinquenciesProperties with pending cases:under the jurisdiction of the Presidential Commission of Good Governmentdue to unexplained or unlawfully acquired wealth under R.A. No. 3019 and R.A. No. 7080due to violations of R.A. No. 9160 (Anti-Money Laundering Act)due to tax evasiondue to other criminal offenses under Chapter II of Title X of the National Internal Revenue Code of 1997, as amendeddue to felonies of…
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Comparison of the Top Small Business Accounting Software

Comparison of the Top Small Business Accounting Software

For Accountants, For SMEs
Looking for the best accounting software for small businesses? We understand how hard it is to have multiple tabs open to compare feature and prices, so we did the hard work for you. We scoured the internet for the best and most recommended accounting systems there are and summarized their key features, limitations, pricing, and others in one (or four) tables. Plus: If you keep reading, we’ll share some tips on how to choose the best software for small businesses. ERPNextJeon SoftJuan TaxKey features*Accounting*HR & Payroll*Manufacturing*CRM*Website for users*Cloud-based*Open source*Complete ERP system*POs*Fixed Asset System*Unlimited users, companies, positions, and department*Unit of conversion*On-premise*tax software*online tax payment*Integrable with other platform (Xero)*with mobile app*cloud-basedLimitations*Not localized*Relatively pricey for a premium edition*Uses legacy platform *No definite licensing scheme *Support and maintenance is inconsistent *Not customizable*Not an accounting…
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