Accounting Services for Businesses in the Philippines
If you’re looking for a trusted and reliable outsourced accounting service provider in the Philippines, then look no further. We, at FilePino, offer a complete package of accounting services tailored to a wide range of clients—from individuals and small businesses to large corporations.
With a focus on accuracy, compliance, and personalized services, we can ensure that your financial operations are in expert hands.
Why Outsource Accounting Services?
Hiring an in-house accountant means bringing someone into your team full-time to manage your finances. This gives you direct access to a dedicated professional who’s closely involved in your day-to-day operations.
If you choose to outsource, you can either work with a freelance accountant or a full-service accounting firm. A freelancer handles specific tasks, while a firm, like FilePino, provides a team of experts with the tools and knowledge to manage all your accounting needs.
What Accounting Services You Need — and What We Offer
We don’t just record your numbers—we take the accounting off your plate, so you can focus on growing your business and making smarter decisions.
General Ledger Maintenance
We understand that an accurate ledger serves as the backbone of your company’s financial management. With our service, you can ensure that every transaction is recorded precisely and you get reliable data to make informed decisions and avoid costly errors.
Accounts Payable Management
We ensure that you take control of your cashflow with our Accounts Payable service by giving you a clear and real-time view of your financial position. We closely monitor your business expenses, validate all incoming bills, and prepare regular payment schedules.
Accounts Receivable Management
We also ensure that you get paid by your clients on time. We help your business streamline invoicing, track payments, and reduce overdue accounts by helping you review and optimize your billing processes and track outstanding payments and unreconciled deposits.
Bank Reconciliation
With an accurate bank reconciliation, you can have a clear picture of your finances, so we help you identify discrepancies early by ensuring your bank statements align with your internal records.
Monthly and Quarterly Closing
You may find monthly and quarterly financial closures overwhelming, especially when you’re just starting out, so we simplify the process by reviewing your financial data, degenerate accurate reports, and prepare for tax season.
Expense Tracking
Your systematic expense tracking can be the key to your business success, so we help you categorize and organize your expenses to support better budgeting, cashflow management, and cost-saving opportunities.
How Our Expert Accountants Handle Business Accounting
At FilePino, our expert accountants turn your financial data into clear, accurate insights—so you can make confident, informed business decisions. Here’s how they do it with care:
Collating Transaction Documents
We collate source documents, such as receipts and invoices, for various financial transactions, including sales, purchases, expenses, payments, etc. These documents are gathered and prepared for recording in the books of accounts and ledgers.
Organizing and Recording Transactions
We carefully separate and classify financial transactions based on their nature. Then, we record them accurately in the appropriate journals, such as the cash receipt journal, cash disbursement journal, sales journal, and purchases journal.
Posting to Ledger Accounts
We transfer the entries to the respective ledger accounts. This comprehensive data, including transaction dates, descriptions, and monetary values, is used to analyze trends and identify areas of concern, which are crucial for decision-making.
Creating a Trial Balance
We use a trial balance to visually analyze figures and determine whether the totals on both sides are balanced or match. If the total debits equal the total credits, the trial balance is balanced. If not, we identify and rectify any errors.
Adjusting Entries
Once errors are identified during the trial balance, we adjust entries to ensure that the financial statements accurately reflect the company’s financial health. Errors can distort the overall picture presented in the income statement, balance sheet, and cash flow statement.
Generating Financial Statements
We generate financial statements, such as the Income Statement, Balance Sheet, and Cash Flow Statement, which provide a snapshot of the company’s financial health and performance. This step marks the culmination of the accounting cycle.
Closing Entries
We close entries to reset temporary accounts and prepare for the next accounting period. This involves transferring temporary account balances to permanent accounts and resetting the temporary accounts to zero.
Preparing a Post-Closing Balance
We prepare a post-closing balance, which is a listing of all permanent account balances after the closing process. This provides a summary of the permanent accounts and serves as a final check to ensure that all temporary accounts are properly closed.
Precise, Reliable, and Compliant
We offer expert accounting solutions tailored to your business needs—from bookkeeping and preparing financial statements to filing your BIR tax returns.
Why Choose FilePino’s Accounting Services for Your Business?
Outsource your business accounting needs and enjoy peace of mind knowing that your finances are in expert hands.
As a one-stop business consulting firm headquartered in Bonifacio Global City (BGC), Taguig, Metro Manila, FilePino, Inc also offers a complete package of bookkeeping, accounting, and tax compliance services.
Dedicated Accountants
and Bookkeepers
We pride our in-house accountants and bookkeepers as industry leaders and experts having extensive experience and exposure to corporate financial and tax management. At FilePino, one certified public accountant (CPA) is assigned per client or company.
Comprehensive, Efficient,
and Scalable Accounting
We offer comprehensive and efficient bookkeeping, accounting, and tax filing services for businesses of all sizes, from startups with no transactions yet to established corporations. As your business grows, our services can easily be scaled to meet your evolving needs.
Accurate and Timely
Regulatory Compliance
Benefit from the specialized knowledge and precision of our seasoned accounting professionals who stay up-to-date with the latest tax laws and regulations, tools, and trends and ensure timely compliance and avoidance of penalties.
Optional Tech-Driven
Approach and Solutions
By leveraging industry-leading accounting software like Xero, QuickBooks, Zoho, Sage, and other cutting-edge solutions of your choice, we can provide you with real-time financial insights and enable collaboration between our team and your business.
Accounting Services FAQs
What accounting services do you offer?
We, at FilePino, offer a full range of accounting services, which include but are not limited to general accounting, bookkeeping, tax filing, tax consultation, BIR LOA assistance, internal audit and forensic accounting.
What types of clients do you cater to?
We specialize in supporting small to medium-sized businesses, though we also serve individuals and larger organizations, as we ensure that our accounting service packages are scalable to meet unique needs.
How do you ensure quality services?
We have a team of professional, experienced, and expert accounting professionals—accountants, bookkeepers, auditors, and specialists—who ensure that services are delivered at par with standards and client expectations. We also employ strict internal protocols to ensure confidentiality and compliance with data protection regulations.
Do you also assist in tax planning and filing?
Beyond general accounting and bookkeeping services, we also offer comprehensive tax consultation and tax compliance services, which include tax planning and filing, BIR LOA assistance, and other related services.
Do you use accounting software and other tools?
We are fully adept in the use of various accounting software and tools, such as Xero, QuickBooks, Zoho, Sage, and other cutting-edge solutions, although we still employ some manual accounting techniques. If you’re already using a specific tool, we can likely integrate with it or guide you on a better fit.
How much do your accounting services cost?
Our pricing primarily depends on the scope and complexity of your accounting needs. We offer flexible and scalable packages for individuals, startups, and established businesses. You may contact us for free consultation and custom quote.
Will I have a dedicated accountant or team?
At FilePino, one certified public accountant (CPA) is assigned per client or company. Unlike outsourcing to just an accountant, you can take advantage of a dedicated team of specialists to address every aspect of accounting and tax compliance.
