Note: This post was updated on January 6, 2020.
Preparing BIR forms eats up a lot of your time because it requires attention to details. Hence, you have to check and recheck each information that goes into the forms. This is especially true if you are using spreadsheets because, in some cases, it’s easier to handle.
Let’s take the form 2550Q as an example.
The second part of this form houses input and output taxes. There are more or less 20 boxes to fill out, depending on the taxpayer’s transactions.
As you can probably see, going through each of these boxes, even with the help of spreadsheet takes a lot of time.
Plus, the work does not end there. After the amounts are computed, you have to re-enter the SLS and SLP into the BIR VAT RELIEF software or other third-party app for conversion.
What Oojeema Does
Oojeema helps save you time by automatically computing input and output taxes as you go. Every time you record transactions into the system, the forms are updated real-time.
Also, every transaction is converted to BIR-prescribed format. This means that in most, if not all, cases, you don’t have to re-encode it into the BIR software for conversion.
Here’s a short video of how it works:
The same methods apply to other forms such as 2550M, 2551M, 2551Q, and other available BIR forms on Oojeema.
Each of these in 1 minute or less.
Dali ‘di ba?