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Bookkeeping

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Bookkeeping

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Thorough Bookkeeping Services

Maintaining up-to-date financial records requires a high degree of consistency and attention to detail. Whether it’s done weekly, monthly, or quarterly, there’s a plethora of business transactions that must be accounted for. Our bookkeeping experts make sure you have a good pulse on your financial outlook.

Setup and Migration of Books

Loft uses Xero to set up or migrate your books of accounts (BOA). From creating your chart of accounts to categorizing expenses, we help you establish solid bookkeeping foundations.

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Recording Financial Transactions

Loft offers real-time and error-free recording of transactions through Xero. Below is a list of transaction types we cover.

SSS Salary Loan Payment
  • Financial statements
  • Bank reconciliation statements
  • General ledger schedule
Accounts Receivable
  • Invoice creation for customer billing
  • Posting of collection
  • Issuance of customer receipts
Accounts Payable
  • Process payables to suppliers
  • Prepare check and check vouchers
  • Prepare certificates and creditable tax withheld at source (BIR Form 2307) related to payments
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Why Outsource Your Bookkeeping to Loft?

Startups may not have enough resources to pay for in-house bookkeeping. While existing businesses may be looking for ways to optimize their operations. Whatever your reason is, Loft can provide a bookkeeping solution that works for you.

Peace of Mind

Peace of Mind

We make things easy for our clients, whether it’s maintaining BOAs, preparing creditable tax, or streamlining recording of transactions.

Business as Usual

Business as Usual

Our bookkeeping services free up precious time that you can use to focus on growing your business.

Professional Service

Professional Service

We have an in-house team with decades of experience in bookkeeping, tax compliance, and payroll.

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Frequently Asked Questions (FAQs) on Loft’s Bookkeeping Services

What is bookkeeping?

Bookkeeping is the systematic process of recording all business transactions. It involves the filing of invoices, purchase orders, bank statements, and various other financial documents. Effective bookkeeping helps companies achieve financial transparency and regulatory compliance.

Do you work with a third party bookkeeping or tax compliance team?

No. Loft has its own team of professional bookkeepers and tax experts.

Do you offer other services that are outside the scope of your defined packages?

As long as your needs fit within the general sphere of corporate bookkeeping and tax compliance, we can propose a custom service for you.

Please get in touch with the Loft Team to learn more. You may contact us via via email or via phone call You can also complete our short contact form.

How do you bill your clients?

We have services that are billed as one-time payment (e.g. year-end audit assistance, set up/migration of books). And, there are also services that are billed quarterly (e.g. payroll processing, tax filing)

Please send us an inquiry so we can send you exact details. You may contact us via via email or via phone call You can also complete our short contact form.

Are your service rates inclusive of Value Added Tax (VAT)?

No. All rates are exclusive of VAT, which will be taken into account and shown in your final invoice.

Do you only work with business owners residing in the Philippines?

Our bookkeeping, tax compliance, payroll services, and other services are available to both domestic companies and foreign business owners.

What are Loft’s locations and business hours?

Loft is open from Monday to Friday. We are closed on Saturdays and Sundays. See more detailed information below:

Loft Ortigas

  • Walk-ins are welcome
  • Open from Monday to Saturday (8AM-6PM)
  • 30th Floor, One Corporate Center Meralco Ave cor. Julia Vargas Ave, Ortigas Center, Pasig, Philippines

Locate via Google Maps

Loft BGC

  • By appointment only
  • Open from Monday to Friday (8AM-6PM)
  • Unit 707, 7th Floor, One Park Drive, 11th Drive Corner 9th Avenue, BGC, Taguig, Philippines

Locate via Google Maps

Loft Quezon City

  • By appointment only
  • Open from Monday to Friday (8AM-6PM)
  • 27th Floor, IBM Plaza Building, E. Rodriguez Jr. Avenue, Eastwood, Quezon City, Philippines

Locate via Google Maps

Loft Makati

  • By appointment only
  • Open from Monday to Friday (8AM-6PM)
  • 9th Floor AIA Tower, 8767 Paseo de Roxas, Makati, 1226 Metro Manila, Philippines

Locate via Google Maps

If you have other questions that are not answered in the FAQs above, please feel free to get in touch with us via email or via phone call. You can also complete a short contact form.