Course 2510 lessons

Small business bookkeeping basics

A practical starting point for keeping a small business's money organized: separating personal and business funds, recording income and expenses, understanding cash flow versus profit, invoicing, inventory, simple financial statements, and BIR registration essentials.

Why bookkeeping matters even for a tiny business

Bookkeeping is simply the ongoing habit of recording every peso that moves in and out of a business. It doesn't require an accounting degree or fancy software. A sari-sari store owner writing down each delivery and each day's sales in a notebook is doing bookkeeping just as much as a company with a finance team.