Latest DBM policy on processing requests for monetization of leave credits
The Department of Budget and Management (DBM) issued its latest policy on processing of requests for monetization of leave credits.
Category: Featured Articles
Here’s the reason why you need to stop issuing BIR Form 2306
Do you still prepare BIR Form 2306 until now? Do you still issue it to your suppliers and the same is still accepted? If it is, then you and your suppliers might not have read the Circular of the Bureau …
Here’s the reason why you need to stop issuing BIR Form 2306 Read more »
Updated COA-DBM Policies on Accounts Payables that remain outstanding for two years or more
On March 8, 2021, the Commission on Audit (COA) and the Department of Budget and Management (DBM) issued a Joint Circular (JC) prescribing the updated policies of the government with regards to accounts payables (A/Ps) that remain outstanding for two …
6 Paraan Upang Maiwasan ang “Ghost Employees” sa Payroll
Ang “ghost employee” ay hindi totoong empleyado ngunit nasa payroll ito at binabayaran ito ng opisina o isang dating empleyado na wala na sa opisina ngunit binabayaran pa rin ng opisina ang sahod nito.
Revealed: 3 Major Reasons Why the Accounting Office Cannot Process Claims of Employees/Suppliers/Contractors
These are the reasons why the Accounting Office does not or deny your claims.
COAble: List of Common COA Audit Findings, Observations, Suspensions, Disallowances — Cash Advances
Listed hereunder are the common audit findings, observations, suspensions, disallowances issued/imposed by the Commission on Audit (COA) on cash advances. 1. Advances for Payroll were not liquidated at the end of the year, contrary to COA Circular No. 97-002 dated …
CPAs Reveal the Real Reason Why They Pursued Accountancy Before (you’ll be surprised of their answers!)
CPAs revealed the real reason why they pursued accountancy.
4 Proven, Effective Ways to Ensure Your Employees/Accountable Officers Will Liquidate their Cash Advances (CAs)
We’ve provided three friendly and a not so friendly way to ensure your accountable officers will liquidate their cash advances.
When to capitalize interest (borrowing cost) from a loan?
Borrowing costs that are directly attributable to the acquisition, construction, or production of a qualifying asset shall be capitalized as part of the cost of that asset.