Before the advent of fast and cheap computers, accounting traditionally was processed manually with all transactions recorded in columnar papers and kept in voluminous binders. Once computers became ...

Manual accounting systems are easy to use and cost next to nothing, which makes them ideal for small business owners. Unfortunately, they cannot match the advantages of computerized accounting. The ...

But when a client sends over a computerized accounting file that has been kept up to date and includes cash and credit card purchases, I’m fairly confident that every eligible deduction will be ...

On August 3, 2000, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) 21-2000, which basically prescribes the policies and procedures in the processing and approval of taxpayer ...