18 Jun 2020, 14:45 — 3 min read
It all started with a message from Sheena*, a business owner and a member of UnionBank GlobalLinker, seeking accounting advice for her small company.
“How to manage bookkeeping accounts effectively for my business?” She asked. Sheena, a laundry shop owner in Marikina City, is just one of the 998,342 micro, small, and medium enterprises (MSMEs) in the Philippines that generate 63 percent of the country’s total employment.
After answering her accounting-related concerns, she asked more and more questions, showing her hunger to learn and persistence to grow her business. What started as an email exchange became a thread, and eventually turned into a discussion on the platform.
This led UnionBank GlobalLinker Lead Advocate Jaypee Soliman, together with reputable accounting firms P&A Grant Thornton and MGP Accounting, to establish Project Luca, an initiative that provides pro bono accounting consultation for MSMEs.
“Project Luca is our response to all our members and the MSME community’s need for quick, reliable, and accessible information and consultation on topics such as accounting, taxation, bookkeeping, and even technology around accounting,” Soliman shared.
Through Project Luca, seasoned accountants from P&A Grant Thornton and MGP Accounting are available to respond on questions of MSMEs related to business accounting and taxation.
“MSMEs can achieve great things with the right support. They need advisers that deeply understand their business, industry, and broader agenda. P&A Grant Thornton firmly believes in unlocking the potential for growth of the MSME sector,” said Marivic Españo, Chairperson and Chief Executive Officer of P&A Grant Thornton.
With this initiative, MSMEs can gain a deeper understanding from experts who will share valuable insights and recommendations that can help them steer their business in the right direction.
The forum is free to access for all MSMEs in the country. Just join Project Luca group on UnionBank GlobalLinker – signing up is free – and post your concern in the discussion board.
Aside from pro bono consultation, Project Luca will also organize a series of webinars and share a series of articles in accounting and taxation to provide MSMEs the necessary tools while navigating through the new normal.
*She requested not to disclose her real name for confidentiality
Posted byUnionBank Publication
We are a team of professionals providing relevant content to startups, micro, small and medium enterprises.
Recommended articles for you
By Amy Radin
Call center agent turned mompreneur starts business with P1,000, now supplies to major malls & local establishments in R7
Coupled with determination and flair in cooking, Hazel Asignar launched her food business, Ninang’s Kitchen, and started selling bagoong (sautéed shrimp paste) in 2017 with only a capital of P1,000 and has since made money out of it.
17 Jul 2020, 13:30
16 Jul 2020, 13:45