20 August 2014 – Web services provider Cid Systems has launched Oojeema Online Accounting System, a smart, simple, and affordable cloud-based service for financial management, inventory tracking, and Philippine tax computation, created for Filipino entrepreneurs, especially Micro-Small-Medium-Enterprises (MSMEs). 

Oojeema Online Accounting System - Smart, Simple, and Affordable Cloud-Based Service

 “In the Philippines, an overwhelming majority of businesses are MSMEs who can’t afford popular business software from global enterprise brands.  With Oojeema, they can now have access to a reliable accounting system that will help them automate various internal business processes.  It can make managing their business easier, whether they are home-grown start ups, handling small stores or stalls in bazaars, or even doing online selling,” said Lumeng Lim, General Manager of Cid Systems.  “Furthermore, Oojeema is also programmed to compute taxes and generate government reports and forms, in compliance with Philippine laws.  This helps ease the hassle of abiding by many of the requirements of the Bureau of Internal Revenue (BIR).” 

Using the double entry accounting system as its core framework, Oojeema's functionalities were carefully built layer by layer, ensuring that accounting principles are adapted while making the experience as delightful as possible. Customers are also invited to share their user experience by sending feedback through the system.

“With Oojeema, Filipino entrepreneurs can spend less hours on forms and reports, so they can go out and spend more time building relationships with customers, as well as innovating on their products and services to make them more creative, competitive, and profitable,” said Lim.  

What can you do with Oojeema?

• Create and send invoices online
• Apply payments to multiple invoices
• Import/Export bulk sales transactions Inventory Tracking
• Add inventory item on the fly for a more efficient invoicing process
• Easily assign specific account codes to inventory items for detailed P & L reporting Reports
• Generate profit and loss statements anytime
• Keep track of inventory by cross-matching 
• Inventory sales and purchases
• Monitor aging of all transactions to have a better handle of your cash flow
• Generate government reports and forms (1601E, 2550M/Q, 2551M, 2307) Purchases
• Record all purchases in the system to keep track of all your expenditures
• Apply payments across different billings from the same vendor
• Import/Export bulk purchase transactions Auto Bank Reconciliation
• Upload your electronic bank statements and Oojeema will automatically reconcile your balance 
Tax Support
• Sales Tax/Value Added Tax (VAT)
• Income Tax
• Withholding Tax

Sign up for Oojeema
Oojeema (www.oojeema.com) is designed to run on the most popular web browsers in the market.  Those interested can easily sign up for a free account that enables them to enlist unlimited users, 5 invoices, 5 purchases, 20 bank reconciliations, and BIR Forms 1601E, 2551M, 2550 M/Q, and 2307.  With the P800/month paid account, subscribers can enlist unlimited users, invoices, purchases, and bank reconciliation, as well as the generation of BIR Forms.  

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