Book of Accounts: Paano Gamitin ang Journal? (Bookkeeping)

Here's the third episode for the BIR Book of Accounts video series. In this episode, I will discuss various transactions to show you how to write journal entries. DISCLAIMER: This video is intended particularly for freelancers but is also applicable for other NON-VAT Taxpayers like sole proprietors, professionals and the like. As a freelancer, you can personally maintain and record transactions on your Book of Accounts. However, if you exceed Php 3 Million in gross annual revenue, you have to have your books audited by an independent CPA AND your income tax return should be accompanied by a duly accomplished AIF. Cash Receipts Book ⇒    • Book of Accounts: Paano Gamitin ang Cash R...   Cash Disbursement Book ⇒    • Book of Accounts: Paano Gamitin ang Cash D...   Ledger ⇒    • Book of Accounts: Paano Gamitin ang Genera...   For more video updates and tutorials, subscribe to my YouTube Channel today. #TaxGuidebyJane #freelancing #BIRtutorials