There are more than 3,700 large taxpayers in the Philippines, and many do not comply with the Bureau of Internal Revenue (BIR). The BIR issued a regulation, No. 09-2009 that requires all large Taxpayers to acquire a Computerized Accounting System (CAS) that complies with the electronic documents and other records required by the BIR CAS. Refers to the integration of different component systems to produce computerized ledgers and computer-generated accounting records and documents.
The same regulation also applies to the top 500 median provincial taxpayers in each tax district that ranks as a large taxpayer. With the activation of the BIR Special Working Group called the Computerized Systems Assessment Team (CSET) to monitor medium and large taxpayers, more active campaigns and stricter enforcement by tax authorities are expected.
Those subject to this new regulation must obtain the proper authorization from the BIR when adopting a CAS. A well-intentioned taxpayer could not simply purchase a CAS and assume instant compliance. Use of a CAS without BIR approval will incur penalties of P25,000 on the first offense and P50,000 on the second offense pursuant to RMO 1-90, as amended by RMO 56-2000. If a taxpayer generates a bill of sale or official receipt from an unauthorized CAS, a penalty of P1,000 will be imposed for each document issued, but the maximum penalty will not exceed P25,000 per year.
The good news is that CAS not only has the benefit of addressing BIR requirements to avoid penalties and termination of a business due to non-compliance, but also helps manage a business from procurement to sales, inventory tracking and, accounting, of course. .
Fortunately, QNE Software, are here to help with BIR Form 2316 accreditation, including all manual preparation. QNE is a faster and more accurate way to manage and streamline your business operations. Now customers can manage their accounting, finances, and entire business with one robust solution.
Understanding Distribution Management
Distribution management is critical to a company's ability to attract customers and operate profitably. Running it successfully requires effective management of the entire distribution process. The larger a corporation, or the greater the number of supply points a company has, the more it will need to rely on automation to effectively manage the distribution process.
Modern distribution management encompasses more than just moving products from point A to point B. It also involves collecting and sharing relevant information that can be used to identify key opportunities for growth and market competitiveness. Most forward-thinking companies now use their distribution forces to gain market intelligence that is vital to assessing their competitive position.
There are basically two types of distribution: commercial distribution (commonly known as sales distribution) and physical distribution (better known as logistics). Distribution involves various functions such as customer service, shipping, warehousing, inventory control, private trucking fleet operations, packaging, receiving, material handling, along with the plant, warehouse, store location planning and information integration.
The goal is to achieve maximum efficiency in the delivery of raw materials and parts, both partially and completely finished products, to the right place and time under the right conditions. Physical distribution planning should align with the overall channel strategy.
Advantages of a distribution management strategy
In addition to keeping profits high, there are many reasons why a business might want to use a distribution management strategy. First of all, it keeps things organized. Without a proper management system in place, retailers would be forced to keep stock at their own locations, a bad idea, especially if the vendor lacks adequate storage space.
A distribution management system also makes things easier for the consumer. It allows them to visit one place for a variety of different products. If the system didn't exist, consumers would have to visit multiple places just to get what they need.
Implementing a proper distribution management system also alleviates any possible errors in delivery as well as the times that products need to be delivered.
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