What we do
Full-service assurance, tax, and advisory.
From statutory audit to strategic advisory, our engagements are built on rigor, ethics, and a genuine understanding of your business.
Audit & Assurance
- Financial statements audit
- Internal audit
- Review of historical financial statements
- Review of prospective financial statements
Tax Services
- Tax assessment
- Tax compliance health check
- Tax due diligence
- Tax opinions and rulings
- Tax planning and structuring
- Estate and donor’s tax compliance
Accounting Services
- Bookkeeping
- Compilation of financial statements
- Account reconciliations
- Internal accounting
Advisory & Business Consultancy
- Business policy making
- Financial due diligence
- Risk management
- Strategic management
Corporate Services
- Business registration
- Corporate structuring
- Corporate secretarial
- Payroll processing and compliance
Other Services
- Agreed-upon procedures
- Company profiling & loan application assistance
- Estate planning · Retirement planning and funding
- Contract review · Collection services
- Real estate services and other allied services
Who we serve
Industries we serve.
The reporting framework, the controls, and the regulator differ by sector. Our engagements cover twelve.
Beyond Tacloban City
Engagements run from wherever you are.
Clients elsewhere in Eastern Visayas, in Metro Manila and in other regions work with us without travelling to our office.
Documents turned over online
Records, schedules and supporting documents are exchanged through shared online folders, and reports are delivered the same way.
Meetings by video call
Planning, status and closing meetings are held by video call. Visits are scheduled where the work requires them, such as an inventory count.
Electronic filing
Returns and reports are filed through the online systems of the BIR, the SEC and the other agencies that accept them.
Our Partners
Led by credentialed professionals.
Four partners with national distinctions, international practice, and deep roots in the academe.
Placed 2nd in the May 2018 CPA licensure examination. Trained in assurance and taxation at one of the largest professional services firms in the world before returning to Region VIII, and has since audited MSMEs through to large corporations. Assists taxpayers through BIR audits and assessments. Teaches audit, assurance, and taxation, and authored a CPA reviewer book on auditing.
View full profile →
Audit and Professional Practice Director at one of the world’s Top 4 professional services firms, serving in its London, New York, and Philippine offices. Sat three consecutive terms on the Audit and Assurance Standards Council, served as National President of PICPA for FY 22-23, and sits on the council of the ASEAN Federation of Accountants. Led Saint Paul School of Professional Studies as President for more than a decade.
View full profile →
Placed 1st in the May 2018 CPA licensure examination and 10th in the December 2023 Bar. Practice centres on tax compliance and health checks, assistance with tax audits, corporate structuring, and tariff and customs compliance. Began his career as a risk and compliance officer, internal auditor, and data privacy officer. Lectures on taxation and commercial law and reviews for the CPA board examinations.
View full profile →
More than half a decade in the public practice of accountancy, auditing MSMEs and large corporations across retail and trade, educational institutions, non-profits, importation, and services. Began as an audit associate at a Manila firm. Works in full-cycle accounting and financial reporting with variance and ratio analysis. School accountant and part-time lecturer at SPSPS, and treasurer of PICPA–Tacloban Chapter.
View full profile →Insights
What falls due this month.
The next filing and payment deadlines we are tracking. Open the calendar for the full year.
Get in touch
Let’s talk about your business.
Tell us what you need — audit, tax, bookkeeping, or advisory — and our team will get back to you.
2nd Floor, Rubber Tree Building, Brgy. 77, 611 BLISS – Fatima Diversion Road, Tacloban City, Philippines 6500
Suite 302, F. Mendoza Complex, Sto. Niño St., Brgy. 28, Tacloban City 6500
0995 398 9482
info@aaccocpas.com
Message us on Messenger
Services
Accounting Services in Tacloban City
Accurate, timely, decision-ready books — kept by professionals so you can focus on running the business.
What the service covers
- Bookkeeping. Recording of transactions in the books of accounts registered with the BIR, whether manual, loose-leaf or computerized.
- Compilation of financial statements. Preparation of financial statements from your records under PSRS 4410 (Revised). A compilation carries no assurance, and the report says so.
- Account reconciliations. Bank, receivable, payable, inventory, intercompany and tax accounts reconciled to their supporting records, with the reconciling items explained.
- Internal accounting. The accounting function carried out for you on a continuing basis, for businesses without an in-house accountant or with a backlog to clear.
Standards that apply
Financial statements are prepared under the framework the entity is required to use: full PFRS, PFRS for SMEs, or PFRS for Small Entities, depending on its size and public accountability under SEC rules. Compilation engagements follow PSRS 4410 (Revised).
The books themselves are a legal requirement. Section 232 of the Tax Code requires every taxpayer to keep books of accounts from which the taxes due can be readily determined, and Section 235 requires them to be preserved for five years.
Who needs it
- Micro, small and medium enterprises without a full-time accountant.
- Businesses whose books have fallen behind and must be brought up to date before filing or audit.
- Entities preparing for their first statutory audit or a loan application.
- Newly registered businesses setting up their books and chart of accounts.
- Owners who want monthly figures for decisions, not only year-end figures for filing.
How the work runs
- Set-up. We review the existing books, agree a chart of accounts, and fix the list of documents to be turned over each period.
- Monthly cycle. Documents are collected, transactions recorded, accounts reconciled, and the books closed.
- Reporting. You receive a trial balance and financial statements for the period, with schedules of the significant accounts.
- Year-end. The books are closed for the year and the financial statements prepared, ready for the annual income tax return and, where required, the statutory audit.
What you receive
- A trial balance and general ledger for the period.
- A statement of financial position and a statement of income, with comparative figures.
- Reconciliations of cash in bank and of the other accounts agreed at set-up.
- Schedules of receivables, payables and fixed assets.
- A list of open items that need your decision or a missing document.
Books and tax returns
The figures in the books are the figures in the returns. Value-added tax or percentage tax, the withholding taxes and the quarterly and annual income tax returns are all drawn from the same records, so books that are closed on time are what make the filing dates in the AAC Tax Calendar achievable. Where the books and the returns already filed do not agree, we identify the difference and tell you what it means before the next return is due.
Frequently asked questions
What is the difference between bookkeeping and a compilation?
Bookkeeping is the recording of transactions through the year. A compilation is the engagement in which a professional accountant prepares financial statements from those records and issues a compilation report.
What do we send each month?
Sales invoices and official receipts issued, purchase invoices and receipts, bank statements, payroll summaries, and the tax returns filed and paid during the month.
Our books are several months behind. Can they be caught up?
Yes. We start from the last period that was properly closed, rebuild the records from the source documents and bank statements, and bring the books forward month by month.
Do you also prepare the tax returns?
Yes. Returns can be prepared from the same records under our Tax Services.
Can you work with the accounting system we already use?
Yes. We work with the system in place, and where none exists we help you select one and register it with the BIR.
Can the same firm audit the statements it compiled?
The Code of Ethics restricts an auditor from auditing its own work. Where a business needs both services, we assess the engagement before accepting it and tell you which one we can take.