Services
What We do
Services
What do We Do
Accounting and Bookkeeping
Businessolutions PH provides a complete and accurate record-keeping of your business records and transactions. The choice is yours on which accounting software to use; our team is well-versed with both cloud-based (Xero, Quickbooks) or manual (SAP, MS Great Plains) and we guarantee an efficient and effective record-keeping process for your business.
We also provide relevant financial reports that will help you make informed business decisions. Depending on the nature of your business, we can also provide up-to-date internal and management reports and analytics.
With our expertise, let us handle your accounting so that you will have more time to focus on your daily business operations.
Our comprehensive accounting services include:
Bookkeeping
- Recording of monthly transactions in the registered books of accounts.
- Preparation of monthly trial balance, balance sheet, income statement, cash flows and account schedules/reconciliations
Cash Management
- Invoice and payment processing
- Preparation of monthly bank reconciliation
Statutory Audit Assistance
- Communicating with external auditors and answering audit queries
- Preparation of trial balances and year-end adjustments
Statutory Financial Statements
- Preparation of unaudited financial statements
- Submission of audited financial statements to BIR and SEC
Tax Compliance
Businessolutions PH provides assistance in complying with tax requirements and deadlines. We can help you prepare and file the following tax returns, based on your accounting records:
- Monthly withholding taxes and annual information returns (compensation, final and expanded)
- Monthly percentage tax return
- Monthly and quarterly value-added tax
- Schedule of sales, purchases, and importations (VAT Relief)
- Quarterly and annual income tax
- Annual information returns
- Documentary stamp tax
Project-based tax compliance services are also available:
- Payment of annual registration fee with the BIR
- Registration of manual books of accounts, loose-leaf records, or computerized accounting system
- Assistance in enrollment to eFPS
Application for authority to print (ATP) invoices and official receipts
Payroll Services
Businessolutions PH provides complete payroll solution from the computation of employee salaries and bonuses to the generation of all the required forms and reports that need to be submitted to different government agencies, which includes the following:
- Processing of weekly or semi-monthly payroll
- Processing of 13th-month pay and other bonuses
- Calculation of withholding taxes on compensation and remittance thereof to BIR
- Calculation of statutory contributions and remittance thereof to SSS, PHIC, and HDMF
- Processing of other payroll related deductions such as loans, advances, and remittance thereof to SSS, PHIC, HDMF, and other parties
- Preparation of individual employee payslips
- Calculation of final pays of resigned employees
- Year-end annualization
Business Registration
Businessolutions PH provides assistance in business registrations with different regulatory and licensing agencies of the government. This helps our clients to operate on time with all relevant permits and licenses necessary for their operations.
Our services include:
- Preparation of registration forms.
- Assistance in completing the list of requirements.
- Submission of registration forms and requirements to applicable government agencies.
- Delivery of permits and licenses.
Financial and Operational Advisory
Businessolutions PH provides independent professional evaluation on the quality of effectiveness of a company’s control environment. A systematic approach is used to evaluate and recommend improvement on the effectiveness of risk management, control, and governance processes. We offer assistance in enhancing internal audit and risk management functions.
We provide the following services to ensure efficient and effective internal control procedures are in place so that the company’s financial and operational objectives are met:
- Financial Audit
- Operational Audit
- Compliance Audit