Accounting

Understanding accounting concepts and principles is essential for effectively managing your finances, whether for business or personal use. Accounting is all about tracking money—keeping records of how much money comes in, how much goes out, and where it is used. Basic concepts, like double-entry accounting and accurate record-keeping, lay the foundation for more advanced financial […]

Hey there! Understanding how well a company is doing financially is super important for Filipino accountants. One really helpful tool they use is called vertical analysis of income statements. This tool helps them see how different expenses and income compare to the total revenue of the company. By looking at these percentages, accountants can easily

Understanding the cost of sales is really important for businesses in the Philippines. It might seem complicated, but knowing this number can provide valuable insights into profits and help make smart decisions for future business transactions. Whether you’re running a small neighborhood “sari-sari” store or a big online shop, understanding your sales costs is super

Accounts payable turnover is a vital financial metric that measures how effectively a company manages its short-term liabilities, particularly its ability to pay its suppliers. This ratio indicates how often a business pays off its accounts payable during a specific period, typically a year. Understanding accounts payable turnover in the Philippines is particularly important for