How to Make Accounting Journal Entries
After identifying and measuring your business transactions, you will now move to the recording process of accounting. The first phase of recording is making the journal entries (journalizing) that...
View ArticleEntrepreneur vs. Employee: What’s the Difference between the Two?
Entrepreneur vs. employee – which is better for you? In our previous article, we have discussed the difference between a businessman and an entrepreneur. We have also learned that entrepreneurs are...
View ArticleHow to Create a Personal Financial Budget
Managing your own money should be like riding a bike in that once you have learned it, you will not forget it. The point of having a personal financial budget is to always have a plan with your money...
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How to Prepare an Income Statement
If you own a business or providing professional services, you need to know if you are making profit or incurring loss. You need to take a look if your business is generating more revenues than your...
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Top Taxpayers in the Philippines
Taxes are the lifeblood of our country. Without tax collections, our nation won’t be able to construct bridges, streets, schools, hospitals, and other infrastructures for the public consumption....
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Is Google AdSense Income Taxable?
Perhaps, Google AdSense is the most popular and the simplest way to earn money on websites and blogs. It is also free and could instantly be implemented on any site of all sizes once your AdSense...
View ArticleWhat is the Difference between Income, Revenue, and Gain?
What is the difference between income, revenue, and gain? These accounting terms are usually presented and seen in the income statement. They may have similarities, but they are actually different from...
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How to Compute Your Business Profit
What is a business profit? Business profit refers to the excess of the business’ total income less all expenses within the accounting period, which may be presented monthly, quarterly or annually....
View ArticleDifferent Kinds of Taxes in the Philippines
There are many different kinds of taxes in the Philippines. But we can group them into two basic types, namely, national taxes and local taxes. National taxes are those that we pay to the government...
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How to Earn Extra $500 a Month from Blogging Online
If you’re asking on how to earn or make some extra $500 a month from blogging online, here is my answer based on my own experience. Firstly, you have to understand that a 500 US dollar extra income...
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