CB LedgerWorks

Types of financial statements

T𝗔𝗫 𝗥𝗘𝗠𝗜𝗡𝗗𝗘𝗥 𝗔𝗟𝗘𝗥𝗧 – APRIL 2026 🗓️

April 27 - Monday
✅ e- FILING and e-PAYMENT or FILING/PAYMENT
- 2550Q (VAT) and 2551Q (Non-VAT) for QE 31 March 2026

“Precision you can count on.”
📞CONTACT US:
0945-610-7196
0930-674-9454

📩 EMAIL US:
[email protected]

Top Filipino YouTube Channels for Accounting (Beginner to Advanced)

1. Filipino Accounting Tutorial (208K subs): Led by a PRBOA-accredited CPA, this channel provides free, in-depth tutorials focusing on basics and intermediate accounting tailored for Filipino learners. https://www.youtube.com/channel/UC9EwVTy54-mxdH1e-aF4ixQ

2. Pinoy Akawntant (18K+ subs): Focuses on practical BIR submissions, filling out books of accounts, BIR forms, and basic bookkeeping for small businesses. https://www.youtube.com/

3. Review School Inc. (REO Philippines): Known for comprehensive CPA review sessions, covering Financial Accounting and Reporting (FAR) and intermediate topics often utilizing local reviewers. https://www.youtube.com/

4. Sir Chua's Accounting Lessons PH: Popular channel offering detailed lectures on accounting topics. https://www.youtube.com/channel/UCENCNqlczDPfs4jJPJczT9A

5. Mr. Accounting: Providing tutorials, live sessions that cover advanced accounting, auditing and taxation topics. Ideal for Accounting students and reviewers. https://www.youtube.com/

Why these channels matter for 2026?

In 2026, these YouTube channels are more than just study aids; they are critical tools for navigating a professional landscape defined by rapid digital transformation and significant regulatory shifts. By watching their videos, you will learn:

Understand AI tools that quickly accomplish traditional tasks

Learn practical skills used in jobs and consulting

Study at your own pace, for free, with real-life examples.

𝗧𝗔𝗫 𝗥𝗘𝗠𝗜𝗡𝗗𝗘𝗥 𝗔𝗟𝗘𝗥𝗧 – APRIL 2026 🗓️

April 1 - Wednesday
✅ e-FILING / e-PAYMENT
- 1702Q (ITR) for QE 31 January 2026.
April 6 - Monday
✅ e-FILING / e-PAYMENT or FILING / PAYMENT
- 2000 (DST) for March 2026

April 15 - Wednesday
✅ FILING
- SEC of annual report for YE 31 December 2025 by corporations whose securities are registered under the SRC/RSA.
✅ FILING and PAYMENT
- 1700 (compensation income earner), 1701 (mixed income earner) and 1701A (business/profession income earner) for YE 31 December 2025.
✅ e- FILING and e-PAYMENT or FILING/PAYMENT
- 1702 (ITR) and other required attachments for YE 31 December 2025.
- 1707-A (CGT) for YE 31 December 2025.

April 27 - Monday
✅ e- FILING and e-PAYMENT or FILING/PAYMENT
- 2550Q (VAT) for QE 31 March 2026.

April 29 - Wednesday
✅ e- FILING and e-PAYMENT or FILING/PAYMENT
- 1702Q (ITR) for QE 28 February 2026.

April 30 - Thursday
✅ FILING
- SEC of AFS for YE 31 December 2025 by corporations whose securities are not registered under the SRC/RSA.
- SEC of AFS for YE 31 December 2025 by securities brokers.
✅ e- FILING and e-PAYMENT or FILING/PAYMENT
- 1601-EQ, 1601-FQ, 1602Q and 1603Q (EWT, FWT and FBT) for QE 31 March 2026.

✅ SUBMISSION
- Attachments to 1702 (ITR), together with 1709 (RPT Form), if applicable, for YE 31 December 2025 (e-filers).
- BOI of BOI Form S-1, AFS and ITR filed with the BIR on 15 April 2026 by BOI-registered enterprises whose YE 31 December 2025.
- Soft copy of books of accounts and other required documents for YE 31 March 2026 registered under CAS.
- Inventory Lists for YE 31 March 2026.

“Precision you can count on.”

📞CONTACT US:
0945-610-7196
0930-674-9454
📩 EMAIL US:
[email protected]

Nothing makes us happier than a satisfied client! 😊

Thank you Roosevelt Institution Faculty and Employees’ Union (RIFEU) for trusting us with your accounting and bookkeeping needs.

We’re committed to delivering accurate, reliable and timely financial services for your organization. 📊

Looking for professional accounting support for your business?

📩 Send us a message and let us keep your finances organized and your business growing! 📈

📞 CONTACT US:
0930-674-9454
0945-610-7196

📩 EMAIL US:
[email protected]

“Numbers you can trust, PRECISION results you can count on” 💯

Need assistance for accounting and to start a business? Well, WE GOT YOU❗️📈

CB LedgerWorks excels in accurate, reliable and compliant Accounting, Consulting, and business registration & processing as follows:

📌 Bookkeeping, and Financial Reporting
📌 Financial Statements Analysis and Consultation
📌 Tax Filing & Compliance ( ITR, AFS and others)
📌 Business registration and Renewal ( DTI / SEC)
📌 DOLE, Philhealth, SSS, Pag-ibig registration
📌 And many more accounting and business solutions!!

💡 Why choose CB LedgerWorks?
✅ Efficient and Stress-free accounting and processing
✅ Specialized in AI-powered accounting systems
✅ Cost-effective rates — no hidden charges
✅ Expert team with professionals ( CPA )
✅ Accounting partners trusted by business owners

📞CONTACT US:
0945-610-7196
0930-674-9454

📩 EMAIL US:
[email protected]

🔍 Understanding Bank Reconciliation – Bakit mahalaga ito and kailangang gawin (With Example)

Sa bawat negosyo, kailangang malinaw ang ating cash flow. Pwede ito magkaroon ng kalituhan kapag ang iyong cash records ay hindi tugma sa iyong bank statements. Dito papasok ang Bank Reconciliation.

💼 Ano ba ang Bank Reconciliation?
Ang bank reconciliation ay ang proseso ng pag-match ng iyong internal financial records (cash book) at ng iyong bank statement. Ang goal nito ay matukoy at ayusin ang mga differences upang ang iyong libro ay magreflect sa actual bank balance.

✅ Bakit mahalaga ang Bank Reconciliation?
Accuracy: Malinis ang iyong records at updated.
Fraud Detection: Makikita agad ang unauthorized o suspicious transactions.
Cash Flow Management: Malalaman mo agad magkano ang available cash.
Error Identification: Spots mistakes in either sa books or bank statement.
Audit Compliance: Mahalaga ito for both internal control at support sa external audit.

⚠️ Common Reasons for Differences
- Outstanding checks (issued pero di pa cleared sa bangko)
- Deposits in transit (recorded na sa books pero hindi sa bangko)
- Bank fees, interest, or charges not recorded
- Direct debits or auto-payments na nawawala sa libro
- Human or system errors on either side

🧾 Steps to Reconcile
Obtain Records: Bank statement at cash ledger for the same period.
Compare Transactions: Match deposits, withdrawals, and checks.
Identify Discrepancies: Note what's missing or unmatched.
Adjust the Cash Book: Add entries like bank fees, interest, etc.
Prepare Reconciliation Statement: Summarize and explain the differences.

💡 Real-World Example:
Let’s say ang iyong cash book ay may P5,000, pero ang bank statement mo ay P4,650 lang. After investigation, nalaman mong merong:

Outstanding check of P500 (issued pero di pa cleared sa bangko)
Deposit in transit of P200 (recorded na sa books pero hindi sa bangko)
Bank charges of P50 (hindi pa recorded sa books)
👉 Adjusted Cash Book Balance:
P5,000 − P50 = P4,950
👉 Outstanding Check (Timing Difference):
P4,950 + P500 = P4,450
👉 Deposit in Transit (Timing Difference):
P4,450 + P200 = P4,650 (already matched)

📊 Takeaway:
Ang Bank Reconciliation ay hindi lamang ito routine task — Ito ay financial hygiene practice na nagsisilbing proteksyon sa iyong business from costly errors and surprises.

Great businesses are built with the help of great accountants. On International Accounting Day, we celebrate and thank our hardworking accountants for keeping us on track toward success.

Happy ! 🎉