Aside from the funding of the 13th month pay, entrepreneurs also cram on their Financial Statements (FS) at year-end (most after year-end before April 15). You ask help from accountants to produce your FS. Little did you know that the FS don’t just come about. The FS is a summary of your Accounting Books and is a result of a dutiful documentation since the start of the year.
What is Accounting Books then?
Why fill it up?
It serves as basis in the preparation of Financial Statements (FS) which is one of the annual requirements of the SEC and BIR. The FS is also required by banks, investors, grant giving bodies and other stakeholders. More importantly, it serves as basis for management reports for your data-driven decision making.
To get you started, we’ve prepared a simple template that you can download and use for free.
Feel free to contact us if you need help on your Accounting Books and Financial Statements.