IVY C.

30/11/2025

Day 1 - November 28, 2025
Kick-off your Online Journey as Virtual Bookkeeper, CPA and CFO
Learnings:
- Turn Numbers into Knowledge
- Study how to grow your bookkeeping service
- Research the business of your target Market
- Learn your target market

30/11/2025

Attended 3 Days Free Webinar - Done
November 28-30, 2025
Host: Madam Coach Lani De Vera-Abella

“Coach, thank you for sharing your knowledge and experiences over the past three days. Your coaching style, encouragement, and expertise made a lasting impact. I truly appreciate you.”

November 29, 2025
Day 2 - Australian Accounting
Learnings
- Studying different kinds of business and the key challenges for businnesses in Australia
- Focus on the Top 3 Countries especially on how the business is performing
- Learn the XERO cloud accounting which they used in recording their transactions.
- Learn the ATO, ASIC, APRA, Taxes etc.

November 30, 2025
Day 3 - USA Accounting
Learnings
- Learn US GAAP, FAS, Internal Revenue Service, Federal Tax forms etc.
- Volume & proximity
- Effectiveness, Certainty, Neutrality
- Build confidence, legacy to lead the people
- Dream Bigger

09/11/2025

“Commit to the Lord whatever you do, and He will establish your plans.”

Every dream, goal, and plan we have starts with a desire in our heart but lasting success doesn’t come from our effort alone. God invites us to commit our plans to Him — to hand over the blueprint of our lives and trust Him as the true builder.

As we surrender our aspirations to divine oversight, we open ourselves to a journey filled with purpose and direction. Embracing this partnership allows us to navigate challenges with grace, knowing that each step taken in faith leads us closer to our intended destination.

So today, before you plan, decide, or act, pause, pray, and place your plans in God’s hands and ask Him to align your heart with His will. Proceed with confidence, understanding that God's guidance ensures success in His flawless manner.

Lord, I give You my plans today. Guide my steps, shape my desires, and let Your grace bring success that honours You. Amen.

hashtag hashtag

03/11/2025

What is a Business transaction?

A business transaction is an accounting term that relates to the events that occur with third parties (i.e., customers, vendors, etc.), having monetary value and having tangible economic value to the company's economy as well as impacting the financial position of the company.

A business transaction is any economic event that:

- Involves an exchange of value between two or more parties, and
- Can be measured in monetary terms.

Examples:
- Purchasing office supplies for cash
- Selling goods on credit
- Paying rent
- Receiving payment from customers

Steps in Analyzing a Business Transaction

When analyzing a transaction, accountants usually go through six main steps:

1. Identify the accounts involved
Determine which accounts are affected (e.g., Cash, Accounts Receivable, Equipment).

2. Classify the accounts
Decide whether each account is an Asset, Liability, Owner’s Equity, Revenue, or Expense.

3. Determine the effect on each account
Will the account increase or decrease?

4. Apply the rule of debit and credit
- Assets increase with debits, decrease with credits
- Liabilities and Equity increase with credits, decrease with debits

5. Verify that the accounting equation remains balanced:

Assets=Liabilities+Owner’s Equity

6. Record the transaction in the journal

📊 Examples of Business Transaction Analysis
Example 1:
Transaction: The business owner invests $10,000 cash to start the business.
- Accounts affected: Cash (Asset), Owner’s Capital (Equity)
- Effect: Cash increases; Owner’s Equity increases

Entry:
Debit Cash $10,000
Credit Owner’s Capital $10,000

✅ Equation: Assets (+10,000) = Liabilities (0) + Equity (+10,000)

Example 2:
Transaction: Paid $300 for monthly utilities.
- Accounts affected: Utilities Expense (Expense → reduces Equity), Cash (Asset)
- Effect: Cash decreases; Equity decreases

Entry:
Debit Utilities Expense $300
Credit Cash $300

✅ Equation: Assets (-300) = Liabilities (0) + Equity (-300)

Example 3:
Transaction: Purchase office equipment for $2,000 cash.
- Accounts affected: Equipment (Asset), Cash (Asset)
- Effect: Equipment increases; Cash decreases

Entry:
Debit Equipment $2,000
Credit Cash $2,000

✅ Equation: Total assets unchanged (increase and decrease cancel out)
The Life Of An Entrepreneur

03/11/2025

Business is a separate entity from its owners is a fundamental accounting and legal principle known as the Business Entity Concept (or Entity Concept).

Legally, the owner and the business are the same person — they are not separate legal entities.
But for accounting purposes, we treat them as separate to keep financial records clear and accurate.

Here’s why this principle exists and why it’s important:

1. Clear distinction between personal and business affairs
- The business has its own identity, separate from the owner(s).
- This means the business’s finances, debts, and transactions are treated independently from the owner’s personal finances.
- For example, money the owner invests into the business is recorded as capital, not as income of the owner.

2. Accurate financial reporting
- Because the business is treated separately, its financial statements (income statement, balance sheet, etc.) show the true financial performance and position of the business alone.
- This makes it easier to measure profitability, manage operations, and make informed decisions.

3. Legal protection (especially for companies)
- In the case of limited liability companies or corporations, the business is a legal person in the eyes of the law.
- This means the owners’ personal assets are protected — they are only liable for the amount they invested.
- The business can own property, sue, or be sued in its own name.

4. Taxation and accountability
- Because the business is separate, it can be taxed independently.
- This also improves accountability, since owners and managers can be held responsible for how they handle the business’s resources.

31/10/2025

Business is a separate entity from its owners is a fundamental accounting and legal principle known as the Business Entity Concept (or Entity Concept).

Legally, the owner and the business are the same person — they are not separate legal entities.
But for accounting purposes, we treat them as separate to keep financial records clear and accurate.

Here’s why this principle exists and why it’s important:

1. Clear distinction between personal and business affairs
- The business has its own identity, separate from the owner(s).
- This means the business’s finances, debts, and transactions are treated independently from the owner’s personal finances.
- For example, money the owner invests into the business is recorded as capital, not as income of the owner.

2. Accurate financial reporting
- Because the business is treated separately, its financial statements (income statement, balance sheet, etc.) show the true financial performance and position of the business alone.
- This makes it easier to measure profitability, manage operations, and make informed decisions.

3. Legal protection (especially for companies)
- In the case of limited liability companies or corporations, the business is a legal person in the eyes of the law.
- This means the owners’ personal assets are protected — they are only liable for the amount they invested.
- The business can own property, sue, or be sued in its own name.

4. Taxation and accountability
- Because the business is separate, it can be taxed independently.
- This also improves accountability, since owners and managers can be held responsible for how they handle the business’s resources.

Estate

26/10/2025

" Let this Sunday remind you that rest is part of the climb - pause today so you can rise higher tomorrow."

Rest in God's promise - your strength is being renewed for the journey ahead.

25/10/2025

23/10/2025

“Finance is not merely about making money. It’s about achieving our deep goals and protecting the fruits of our labor.”