Statements that build themselves
The Income Statement, Balance Sheet and Trial Balance are worked out from your journal entries. Nothing is retyped, so there is nothing to copy wrong.
- Income Statement
- Balance Sheet
- Trial Balance
Bookkeeping for Philippine small businesses
Know your financial statements add up.
Record journal entries in pesos and Ledgerwise builds your Income Statement, Balance Sheet and Trial Balance, runs the checks a careful bookkeeper would, and shows where your reported figures are off.
For business owners and the bookkeepers who keep their books.
Balance Sheet
As at 30 September 2026 · sample figures
Assets
- Cash and bank
- ₱412,600.00
- Accounts receivable
- ₱186,300.00
- Inventory
- ₱254,900.00
- Equipment
- ₱320,000.00
- Total assets
- ₱1,173,800.00
Liabilities and equity
- Accounts payable
- ₱198,400.00
- Loans payable
- ₱150,000.00
- Owner's equity
- ₱825,400.00
- Liabilities + equity
- ₱1,173,800.00
Checks4 passed, 1 to review
Trial balance balances
Debits ₱2,288,550.00 = credits ₱2,288,550.00
Assets = liabilities + equity
₱1,173,800.00 on both sides
No duplicate entries
No two entries match
No unusual balances
Every account sits on its normal side
Future-dated entries
JE-0163 is dated 3 Nov 2026. Review it.
Four things your books should do, every time you post an entry
Automatic checks
- Trial balance balances
- Assets = liabilities + equity
- No duplicate entries
- No unusual balances
- No future-dated entries
Compare with reported figures
Enter the numbers from the statements you already filed or presented. Ledgerwise lines them up against your books and flags every difference in pesos.
₱
₱1,284,500.00
Built for Philippine pesos
Every amount is in ₱, with thousands separators and centavos, the way you read and report them.
From a blank ledger to checked statements in three steps
Double-entry bookkeeping without the spreadsheet: every peso is recorded twice, and Ledgerwise makes sure the two sides agree.
- 1
Set up your accounts
Build your chart of accounts: the assets, liabilities, equity, income and expenses your business actually uses, each with a code and a name you recognise.
- 2
Record your entries
Post journal entries with debits and credits. Ledgerwise only accepts an entry that balances, so a one-sided entry never reaches your books.
- 3
Review statements and checks
Open the Income Statement, Balance Sheet and Trial Balance, built from your entries. Read the checks, fix what they flag, and compare against the figures you reported.
See the gap, in pesos
Here, the statements Ledgerwise builds show net income of ₱265,750.00. The figures reported elsewhere say ₱280,150.00. The difference, ₱14,400.00, sits in total expenses, so that is where to look.
Income Statement
Quarter ended 30 September 2026 · sample figures
Revenue
- Sales
- ₱1,284,500.00
- Service income
- ₱96,000.00
- Total revenue
- ₱1,380,500.00
Expenses
- Cost of goods sold
- ₱702,300.00
- Salaries
- ₱285,000.00
- Rent
- ₱96,000.00
- Utilities
- ₱31,450.00
- Total expenses
- ₱1,114,750.00
Net income₱265,750.00
Compare with your reported statements
Reported figures typed in against the ledger · sample
Total revenue
Matches
Reported₱1,380,500.00
Ledgerwise₱1,380,500.00
Total expenses
Off by ₱14,400.00
Reported₱1,100,350.00
Ledgerwise₱1,114,750.00
Net income
Off by ₱14,400.00
Reported₱280,150.00
Ledgerwise₱265,750.00
Total assets
Matches
Reported₱1,173,800.00
Ledgerwise₱1,173,800.00
All figures on this page are sample data for an example business.
Open your books and see if they add up
Create an account, set up your chart of accounts and post your first entry.