Remember those Books of Accounts you got when you registered your business? You’ll have to renew them every so often, depending on the kind of books you have. If you need to refresh your memory, you’ll find everything you need to know about bookkeeping, here.
When do I need to renew my books?
|Manual Book of Accounts||When you have 5 pages left in your current books|
|Loose-leaf Book of Accounts||January 15|
|Computerized Book of Accounts||January 30|
What do I need for renewing my books?
Make sure you have all your documents before going to your RDO to renew your books:
- Your BIR Form 1905 – Application for Registration Information
You’ll save a lot of time if you fill this form in before you submit your documents. Don’t forget to make sure all the details you filled in are correct.
- A photocopy of the first page of the books you had registered last time. The BIR only needs one copy but it’s a good idea to bring extra copies just in case.
- Your new Bound Journals and/or Ledgers
- Your current BIR Form 0605 (don’t forget to check the date!)
What happens during the renewal process?
You’ll submit your filled out Form 1905 and other documents at your RDO, where they’ll stamp and register your new journals and/or ledgers.
Do you need help with renewing your books? Ask an accountant from one of our Partner Firms, today.