Field Notes № 06

The Libro Blog

Thoughts on bookkeeping, business, and building Libro — from the people writing the software you'll use to keep your books.

Latest dispatch

Starting a Business? Here's What the BIR Needs

A practical checklist for registering with the BIR through NewBizReg — ₱30 in fees, 3 working days, and the exact documents per business type.

Ogie Galicia / May 20 2026 / 9 min

Archive · 05 entries

02

May 20 2026 / 19 min

The Only BIR Deadline Cheat Sheet You'll Ever Need

The complete BIR filing calendar for monthly, quarterly, and annual returns — covering individuals, sole proprietors, partnerships, and corporations.
03

May 20 2026 / 13 min

Closing a Business with the BIR Just Got Simpler

BIR RMC 47-2026 cuts business closure down to four documents and 3 working days for micro taxpayers. Here is the new process, line by line.
04

May 20 2026 / 15 min

How to Register as a BMBE (and Skip Income Tax)

Register as a Barangay Micro Business Enterprise under RA 9178: assets up to ₱3M, full income tax exemption, free filing, approved in 15 working days.
05

Mar 24 2026 / 14 min

How to Record Transactions in Your Books of Accounts

Worked examples of how to record transactions in each of the 6 (VAT) or 4 (non-VAT) required books of accounts in the Philippines, with 12% VAT flow.
06

Mar 23 2026 / 11 min

What Books of Accounts Do You Actually Need?

BIR books of accounts under RMC 29-2019: 6 books for VAT, 4 for non-VAT, 5-year retention under R.A. 11976, CPA audit required above ₱3M sales.

End of ledger · 06 of 06