Struggling to record your payables and disbursements accurately? In this video, I’ll walk you through the step-by-step process of properly recording transactions in your books of accounts, as required by the BIR in the Philippines.

We’ll cover:

✅ The 6 Books of Accounts you need to know

✅ How to record in the Purchase Book (including Input VAT and Withholding Tax)

✅ How to update the Cash Disbursement Book with proper accounting entries

✅ Posting updates to the General Ledger

✅ Preparing the Summary List of Purchases (SLP) for BIR compliance

✅ Option to use spreadsheets and accounting software to automate your process

This video is perfect for entrepreneurs, freelancers, and small business owners looking to stay compliant with Philippine tax regulations.

🎓 Enroll in my Accounting Starter Digital Course** for a deeper understanding of bookkeeping essentials: https://dennismhilario.com/accounting-starter-digital-course-2/

💡 Watch my previous video on the Procurement-to-Payment Process here: https://youtu.be/o13fzB4WiJA

👉 Don’t forget to like, comment, and subscribe to learn more about simplifying your business processes!

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