Are Your Accountants and Your Bookkeepers Certified? Ours are at AccountablePH

In the year 1923, the Philippine government formally acknowledged ac­counting as a profession and there were 43 registered accountants then. Now, there are a total of 191,977 Certified Public Accountants (CPAs) in the Philippines as of the year 2019. The Filipino accountants are globally recognized among SouthEast Asian countries like Singapore for meeting the requirements and standards of the local and global market.

Accounting and bookkeeping are the vital elements of every business, whether it is a startup company or a corporation. Bookkeeping the accounts is important to organize financial records in the business. It can track business performance and profitability. It can help to achieve your short and long-term business goals and establish the growth of your business.

According to the studies, only 50 percent of new businesses survive for five years due to poor financial planning. Oftentimes new businesses tend to look for an accountant and bookkeeper when they are in need to settle their government compliance issues to avoid large penalties. The next common mistake is not utilizing accounting software to keep all transactions in one place and to reduce the chance of errors by computerizing calculations.

If you are a business owner then doing your in-house accounting would require a lot of your time, money and effort instead of managing your business that needs your expertise. You may click here to help you decide whether or not you should consider outsourcing your accounting and bookkeeping practices. Certified accountants and certified bookkeepers will prepare your accounts receivables or collections, manage your cash flow, can help you with your payroll and tax submissions every month without you being hassled and stressed out away from your daily business operations. They will also ensure that you are following government regulations and business compliance since that is the struggle of startup companies.

Here in AccountablePH, we pride ourselves on our team of Certified Public Accountants, Certified Bookkeepers, Xero-Certified Advisers, Xero-Certified Payroll Specialists, Member of the Philippines Institute of Certified Public Accountants and Member of the Institute of Certified Bookkeepers. We do the heavy lifting of organizing your accounting and bookkeeping needs while you focus on growing your business.

What do these affiliations and certifications mean?

Xero is a cloud-based small business accounting software with tools for managing invoicing, bank reconciliation, inventory, purchasing, expenses, bookkeeping and more. Xero is the alternative to QuickBooks. It’s modern, small business accounting software that lives in the cloud.

Xero certification helps you become proficient with the core features of Xero. You have a number of options for completing certification: online courses, webinars, live classroom or the fast-track assessment.

The Philippine Institute of Certified Public Accountants is the national professional accountancy body of the Philippines. Membership of the institute is mandatory for all professional accountants in the jurisdiction.

Institute of Certified Bookkeepers. The Institute of Certified Bookkeepers (“ICB”) is a British not for profit organization with the objective of promoting the bookkeeping profession worldwide and offering trusted bookkeeping qualifications to its students and members.

What does it mean to be a member of ICB? A “Member” of the ICB (MICB) attains certification by proving that they have performed bookkeeping services at a significant level for a period exceeding 2 years and by doing so they have proven their level of bookkeeping knowledge. Members will have achieved the Certificate IV in Bookkeeping

Are you thinking about outsourcing your accounting and bookkeeping that would suit your business needs? Contact us and get your free assessment from our Sales Executive today!