AS we swiftly approach the year-end, with just over a month remaining, accountants are deeply engaged in readying their books of accounts and essential documentation for financial and tax reporting. As a manager overseeing these intricate accounting tasks during this period, allow me to share some guidelines, reminders and critical deadlines. These are designed to ensure the timely completion of our year-end accounting and tax checklist, mitigating the risk of potential penalties with the Bureau of Internal Revenue (BIR).

Promote early planning and preparation. Motivate employees to proactively plan and prepare for year-end activities. Stress the significance of reviewing financial records and organizing documentation. Ensure that employees have access to essential resources, such as accounting software or tax-related reference materials, to streamline the preparation process.