BABYLON2K CHRONICLES
Audit Trails and Financial Tales
Welcome to a realm where numbers come to life, and financial tales weave a narrative that goes beyond the balance sheets, unlocking the secrets of Babylon2k’s financial universe.
How To Apply for a Pag Ibig Multi-Purpose Loan Online (MPL)
Applying for a Pag-IBIG Multi-Purpose Loan (MPL) has never been easier! Gone are the days of standing in long queues and navigating through piles of paperwork. Today, all you have to do is complete all the requirements and apply directly on Pag-IBIG’s official website. This streamlined online process allows you
Tax Incentives For Electric Vehicle Owners: Maximizing Savings
Switching to electric vehicles (EVs) is more than just a trend—it’s a power step towards a greener future. Thanks to recent expansions in EV incentives in the Philippines, owning an EV is now more affordable than ever, with tariffs on EVs reduced to 0% until 2028. These tax incentives make
Untangling Tax Rules: The Ins and Outs of Tax Exemption
Taxes can be overwhelming, especially if you’re unsure of how to manage them effectively. The good news is that understanding tax exemptions can make a big difference. By applying the right exemptions, you can lower your tax burden and keep more of your hard-earned money. In this post, we’ll break
What Is Unearned Revenue? Examples and Simple Tips
Unearned revenue refers to payments received by a company for goods or services that have not yet been delivered. Even the biggest brands, like Amazon, often deal with unearned revenue. This practice helps them manage cash flow and predict future revenue effectively. However, unearned revenue can be a bit tricky
Cash Flow Essentials | Understanding Operating Cash Flow
Cash flow is the lifeblood of any business, and understanding operating cash flow is crucial for financial success. Yet, 48% of MSME business owners in the Philippines find cash flow management challenging. Grasping the essentials of operating cash flow can help you make informed decisions and maintain a healthy financial
AI in Accounting: Threat or Opportunity for Accountants?
Artificial intelligence is changing the way many jobs are done, including in the field of accounting. This new technology has the power to change how financial tasks are handled, raising questions about what it means for accountants. As AI gets better at doing complex calculations and spotting patterns, some wonder
Building a Stronger UHYMAC: Our Strategic Plan
Exactly a week ago, August 22, 2024, was a significant day at UHYMAC Group, one of Babylon2k’s most trusted partners, as our departments came together for a full-day strategic planning session. The event was a full-day activity that set the tone for the year ahead. The morning session was packed