Expedite your Point-of-Sale Systems with Oojeema

Expedite your Point-of-Sale Systems with Oojeema

For SMEs
What are point-of-sale systems?Point-of-sale systems (POS) are great tools in recording your retail transactions quickly. At the point of sale, the POS calculates the total amount due and generates the receipt for the customer. Basically, it handles the bulk of the daily operations of the store. At the end of the day, reports can be generated to see how much sales was made and how much inventory was moved.Problems faced by storesEach day, retail stores need to move quickly to make as much sales as possible, and the point-of-sale systems help a great deal in this area. But making a profit does not end there. An accounting of all transactions during the day should also be accounted for. Was there emergency buying done? How much did it cost? How was it paid for?…
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3 Reasons Why Oojeema is the Best Small Business Accounting Software

3 Reasons Why Oojeema is the Best Small Business Accounting Software

For Accountants, For SMEs
Accounting and technology are, without a doubt, inseparable these days. Hence, it’s no longer a question of whether to get accounting software; rather, it’s about which accounting software to get.With the plethora of options in the market today, how do you know what will work best?Business News Daily identifies the following considerations, especially for small businesses:CostUsabilityFeaturesNow let’s see how Oojeema is a perfect fit for each of the items above.CostCompared to the most popular accounting software out there or even to the small business accounting software everyone’s talking about on social media, Oojeema is the most affordable.For only PhP800 a month, excluding VAT, it’s almost 50% less than its competitors. Even if you include VAT to its price, it is still way more affordable than others with the same features.UsabilityBeing…
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Will technology replace accountants?

Will technology replace accountants?

For Accountants
With all the advancements in technology burgeoning these days, particularly the accounting software for the accounting industry, we can’t help but ask, “Will technology replace accountants?” Will there ever come a time when businesses would no longer need a bookkeeper or an accountant’s help and rely solely on technology? We’d like to believe that’s never going to happen. At least not anytime soon. Bernard Marr of Forbes agrees. He says, “Robots are NOT going to replace all human accountants or bookkeepers.” Instead, he encourages bookkeepers and accountants to work with the machines so they can do more in less time. How then can we make technology work for us? Hubdoc suggests managing and evaluating your accounting workflow. For sure, there are processes you do every day or on a regular…
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Oojeema Updates [as of Aug. 30, 2018]

Oojeema Updates [as of Aug. 30, 2018]

Uncategorized
We are committed to making your accounting life as simplified as possible; hence, we perpetually add new features and fix bugs to get to our goals.So for today's update, here's the list of our new features:Sales and Service InvoicesYou now have the option to create either a sales invoice for goods or a service invoice for services. These options are found in the Sales tab by clicking the drop-down Create New Invoice button.OR/CRIn relation to the new types of invoice, you may now manually add OR or CR numbers to the invoice you make upon receiving payments.Audit TrailYou may now review who made the changes. To see the report, go to Reports tab then look for the Audit Trail section at the bottom.Bug FixesCertain bugs have also been fixed.As always,…
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3 Simple Steps that will Get the Right Accounting Services Fees

3 Simple Steps that will Get the Right Accounting Services Fees

For Accountants
“So how much do I have to pay for your services?” This is probably one of the most challenging questions we can encounter in our practice. We may have been taught how to keep the books balanced or file taxes on time, but nobody actually taught us how much to charge for our accounting services. Perhaps, some of us were fortunate enough to be mentored by other practitioners, those who have been in the industry for a long time. However… Their pricing scheme may no longer be applicable to our time. So how do you determine how much you should charge for your accounting services fees? Here are three simple steps to follow. Compare prices Probably one of the first things we do when planning to put up a business…
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Know your taxes: 2551Q

Know your taxes: 2551Q

For Accountants
What is 2551Q? BIR Form 2551Q is also known as the Quarterly Percentage Tax Return form. Who should file 2551Q? Non-VAT registered individuals or non-individuals “who sell goods, properties or services, whose annual gross sales and/or receipts do not exceed three million pesos (Php3,000,000.00) and are exempt from value-added tax (VAT) under Section 109 (BB) of the National Internal Revenue Code, as amended by Republic Act (RA) No. 10963” and others. When is the deadline of 2551Q? Form 2551Q is due within 25 days after the close of the taxable quarter. How do you prepare 2551Q? Fill out all the necessary fields on the form, making sure all values and data are correct. For fields with options, place an X mark right next to the applicable choice.To make form preparation…
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Know your taxes: 2550Q

Know your taxes: 2550Q

For Accountants
What is 2550Q? BIR Form 2550Q is also known as the Quarterly Value-Added Tax Return form. It’s like the Form 2550M only this is filed quarterly. Who should file 2550Q? If you’re a VAT-registered business or a business required to register as a VAT payer, you should file 2550Q if your business’ actual gross sales or receipts exceed three million (3,000,000) pesos. Also, if your business is in the importing of goods, you need to file 2550Q. When is the deadline of 2550Q? Form 2550Q is due within 25 days after the close of the taxable quarter. How do you prepare 2550Q? Fill out all the necessary fields on the form, making sure all values and data are correct. For fields with options, place an X mark right next to…
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Know your taxes: 0605

Know your taxes: 0605

For Accountants
What is 0605? BIR Form 0605 is also known as the Payment Form “to pay taxes and fees which do not require the use of a tax return.” Some examples of these fees are tax deposit or advance payment, penalties, income tax second installment, self-assessment, deficiency tax, etc. Who should file 0605? Individuals or businesses who need to pay the fees mentioned above. When is the deadline of 0605? There is no specific date set as the deadline for 0605. Instead, you should follow the due date stated in the demand letter/assessment notice or collection letter from the BIR. Also, if you have tax payments or penalties due, follow their deadline.For payment of annual registration fees, however, be it renewals or new business, the deadline is on or before January…
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20 Ways to Get More Clients (Part 4 of 4)

20 Ways to Get More Clients (Part 4 of 4)

For Accountants
Finally, here's the last part of our getting more clients series.Referral programsThere are several referral programs you can create for your practice. In fact, from Referral Candy alone, you can get 47 ideas already for your business. These programs are easy to set up and can work for almost anyone.You may also look for services that offer referral programs and partner up with them. There are companies that offer substantial discounts or commission when you refer even just a few clients.The best part of having a referral program is that you barely have to shell out cash. Paying your referrers with goods or services is more appreciated. For an accountant, perhaps offering an hour worth of service or free financial analysis can do the trick.Social mediaDespite all the fake news…
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20 Ways to Get More Clients (Part 3 of 4)

20 Ways to Get More Clients (Part 3 of 4)

For Accountants
As the title clearly states, this is now the third part of our four-part series about how you can get more clients. If you missed the first two, here’s the first and second five.MeetupsMeeting up with people is one good way to expand your reach. But where do you find people with common interests?Meetup.com may be the answer.Just create your account then start searching for groups you’re interested in. If you can’t find one, you can create a group of your own then wait for others to join.NicheThis method may not be a specific how-to, but choosing your own niche makes it easier for you to find clients.Would you like to work with businesses in the real estate? Law firms? Software industry? It’s your call.The best part of concentrating on…
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20 Ways to Get More Clients (Part 2 of 4)

20 Ways to Get More Clients (Part 2 of 4)

For Accountants
Here’s the second part of our getting more clients series. If you missed Part 1, you may check it out here. Otherwise, here’s the next five: Free advice In a previous post, we shared how adding value to your service attracts more clients. And one of the values you include is offering free advice. Who doesn’t love free stuff? This is especially beneficial if you haven’t established your name yet. Potential clients don’t know yet what you can bring to the table, so giving them free financial advice will get your foot on the door. Some of the places where you can get potential clients are listed in the first part of this blog. Alternately, you can join groups such as Philippine Tax, Accounting and Audit Forum and Tax Help…
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