Bookkeeping Accounting Services

Bookkeeping Services

All businesses registered in the Philippines must comply with the Philippines Bureau of Internal Revenue bookkeeping regulations. These regulations apply to corporations, branch offices, representative offices, ROHQ, RHQ and partnerships.

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Information extracted from the bookkeeping will be used to evaluate a company’s financial position.

Dayanan can assure your business financial reports are accurate, reliable and clear by providing the following bookkeeping/accounting services done by our registered certified public accountants. We offer the following services:

We carry out a complete and accurate record keeping of your business transactions.  We use accounting software for efficient bookkeeping processing to maintain correct and up-to-date financial records. We ensure that our recording process is in compliance with the latest financial accounting standards.

Our services include the following:

  • Chart of Account Set-up and Management
  • Set-up of Accounting System and General Bookkeeping Set-up
  • Accounts Payable Processing (Voucher System)
  • Accounts Receivable Management
  • Fixed Assets Management
  • Expense Report Processing
  • Bank Reconciliation
  • Payroll Services

Our management accounting services give your Company a deeper understanding of your internal business operations, these reports allow your Company’s board of directors to make profitable financial decisions.

Our CPAs can prepare the following reports:

  • Profit and Loss vs. Budget Comparison
  • Cash Forecast and budgeting
  • Revenue Projections
  • Preparation of other Management Reports as required

Outsource your financial controlling to Dayanan Business Consultants, a more cost – effective solution than hiring an internal finance and Accounting Team.  Services include:


  • Internal Control Set-up
  • Accounting and Financial Policy Set-up
  • Set-up of Receivable and Payable Procedures and Policies
  • Analysis of Financial Reports

An important tool in your management’s decision making is the evaluation by our CPAs of your company Financial Information.

Some of the financial analysis services, your company can outsource are:

  • Profitability Analysis
  • Review of Sales Contracts and other contracts for impact on accounting policies
  • Product Cost Calculations

Dayanan will ensure that your Company complies with Philippine Accounting and Reporting Standards, Bureau of Internal Revenue Regulation and filings with all government agencies.

  • SEC Reporting
  • Period – End Reporting (Quarterly, Annually etc.)
  • BIR Mandatory Reports (Monthly, Quarterly and Annual Reports)

Submission of the following reports

  • Expanded Withholding Taxes (BIR Form 1601-E)
  • Final Withholding tax Returns (1601 – F)
  • Value Added Tax Returns (2550M and 2550Q)
  • Income Tax Returns (1702Q)
  • Compensation Withholding Taxes (1691-C)
  • Certificate of Creditable Withholding Taxes (2307)
  • PEZA Reporting compliance

The Bureau of Internal Revenue (BIR) is now enforcing compliance with Transfer Pricing Regulations. All foreign owned companies in the Philippines must present to the BIR upon request, a Transfer Pricing Analysis Study to justify their income from their parent company, subsidiaries and affiliates.

Dayanan can prepare a complete Transfer Pricing Analysis encompassing:

  • Transfer Pricing System Design
  • Year End Adjustment
  • Risk Management
  • Transfer Pricing Control Framework
  • Benchmarking
  • PRO Industry Solution
  • Outsourcing of Auditors that meets your Company’s requirements
  • Assist in your audit preparation of your financial reports
  • Special Audit Services (fraud audit, internal control compliance etc.)

We are your hands-on partner and advisor, it’s our duty to provide services with the highest standards of professionalism and integrity. Contact us for an evaluation of your bookkeeping and accounting requirements.

Philippines BPO KPO Registration Incorporation

Philippines Business Process Outsourcing Registration Incorporation

Starting a Back Office, KPO, Business Process Outsourcing or Call Center in the Philippines requires that you register your operations with the SEC. Outsourcing is deemed an export business and can be one hundred percent (100%) foreign owned (Fully Foreign Owned Domestic Corporation). To qualify as an export oriented enterprise at least 70% of its products/services must be exported.

Philippines offers tax incentives for companies providing outsourcing services. The benefits of tax breaks are given to outsourcing business once their application for registration with either PEZA (Philippines Economic Zone Authority) or the BOI (Philippines Board of Investments) has been approved.
The Philippines is recognized as being the leading outsourcing destination for:

• Cartoon 3D Animation
• Call Center (Inbound, Outbound, Chat)
• Website Design and IT Development
• SEO Search Engine Optimization
• Legal Process Outsourcing
• KPO (Knowledge Process Outsourcing)
• BPO (Business Process Outsourcing)
• Architecture (Cad Cam)
• Computer Programming
• Data Entry
• Human Resources (HR)
• Financial & Accounting Outsourcing
• Medical Transcription
• Virtual Assistants

Filipinos are well educated and speak excellent English with minimal accent. By setting up an outsourcing company for others or your own back office operation in the Philippines you will benefit from a highly trainable workforce at salaries which will give you considerable savings.

Dayanan Business Consultancy is at your service to recommend the best corporate structure for your operations in the Philippines and assist with the registration of your company with the appropriate government authorities to avail of tax incentives.

Philippines Incorporation

Philippine Branch Office