Accounting and Tax · Bookkeeping
Bookkeeping and accounting for your Philippine company
Clean, current books sit behind every tax return, audit and business decision. We keep them for you, in the form the Bureau of Internal Revenue expects.
Overview
Books you can rely on, and defend
Every tax return, audit and loan application in the Philippines starts from the same place: your books. The Bureau of Internal Revenue (BIR) expects a company to keep registered books of account and supporting records that match what it declares. Owners need the numbers for themselves too, to see what the business earns, owes and holds in cash. When the books are current, filing deadlines become routine and questions from the tax authority are easy to answer.
Problems usually build up quietly. Bank accounts go unreconciled, supplier invoices are filed late, sales records and tax returns drift apart, and a year later nobody can explain the difference. Foreign owners who are abroad feel this most, since they cannot check receipts in person. We take over the day to day recording, reconcile it against bank and invoice records every month, and send you reports in plain language that a non-accountant can read.
What we handle
Everything that goes into your accounts
We record, reconcile and report, so your books stay current from one month to the next.
Ledgers and journals
Transactions recorded under a chart of accounts that fits your business and the Philippine reporting framework.
Bank reconciliations
Every bank and cash account matched to the ledger each month, with differences investigated and cleared.
Payables and receivables
Supplier bills, customer invoices and collections tracked, with aging reports showing who owes what.
Reports and BIR-ready books
Monthly management reports for owners, with books of account kept in the form the tax authority requires.
How it works
From messy records to a monthly rhythm
We start with what you have and build a routine that your team can follow.
Onboarding
We review existing records, bank accounts, tax registration and software, then set up the chart of accounts.
Monthly recording
Sales, purchases, expenses and payroll entries are posted and matched to the supporting documents you send.
Reconciliation and review
Bank, receivable and payable balances are reconciled, and a senior accountant reviews the month before it is closed.
Reporting
You receive the monthly reports with notes on what moved, and the records stay ready for filing and audit.
Why keep your books with ILA
Built for foreign owners
Reports come in clear English on a fixed rhythm, so you can follow the business from abroad.
Tax-aware from day one
Books are kept with return requirements in mind, so filing never means reworking the records.
One team, one set of numbers
Bookkeeping, tax filing, payroll and audit support sit together, so figures agree across every report.
Frequently asked questions
Bookkeeping questions we hear most
Do I need books if my company has not started trading yet?
Yes. A registered company is generally expected to keep its books and file its returns even in a quiet period, including returns that show nothing due. Costs such as incorporation and rent still need to be recorded. We set up the books at registration so nothing has to be rebuilt later.
Can you work with the accounting software we already use?
In most cases, yes. We review what you have during onboarding. If it suits your operations and produces the records the tax authority expects, we keep it. If it does not, we recommend a change and explain why before anything moves.
What records do I need to send you?
Bank statements, sales and purchase invoices, supplier receipts, payroll records and any contracts that create income or expense. We give you a simple checklist at the start, and we tell you when something is missing or unclear instead of guessing.
Want to know where your books really stand?
Book a free consultation and we will look at your current records and tell you what needs attention.
