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PROFILE
MN BUSINESS SOLUTIONS CO, formerly Mabaga, Nava & CPAs, is an auditing, tax
compliance and consulting partnership office first established in 2004 by CPA partners managed
by Anthony G. Nava based in Imus, Cavite. It provides a wide range of business services to
companies in a variety of business including non-profit organizations & individual proprietorship.
The firm specializes in tax compliance consultancy, accounting and auditing services. MN
Business Solutions Co. is one of the professional auditing firms in Cavite, and its growth and
success are directly linked to their commitment to excellence and professional services that they
provide to clients.
MISSION. To provide high quality professional services to our clients through a team of
competent, experienced and committed professionals. Excellence and personal involvement are
paramount in our practice as the ultimate reward to our Firm is client satisfaction.
VISION. To be one of the leading auditing and consulting firms in the Southern Luzon
Region in terms of providing professional services, number of employees and number of partners
& representatives.
HISTORY
The firm was first established in 2004 by CPA partners managed by Anthony G. Nava.
The partnership was reorganized into two entities in 2010 to separate the auditing service from
non-assurance practice of the firm. The audit service of is now being handled by the individual
professional practice of Mr. Anthony G. Nava, and the non-assurance practice is done by MN
Business Solutions Company.
Mr. Anthony G. Nava is a certified public accountant and the managing partner of MN
Business Solutions Co. has extensive work experience in external and internal audit, financial
accounting and tax consultancy having worked with SGV & Co., Colgate-Palmolive Phils., Inc.
and ELBURG Shipmanagement Phils., Inc. in the Philippines and with Country Floors, Inc. in New
York, USA.
SERVICES
1) Audit & Business Advisory. Anthony G. Nava, CPA is an assurance and business advisory
firm. Financial statement audit is the cornerstone of their assurance services, where they
provide an opinion on the fairness of the financial statements based on the representations
by management that the financial statement was prepared in accordance with Philippine
Financial Reporting Standards for SMEs.
2) Accounting Services & Tax Advisory. MN Business Solutions Co. is a general professional
partnership that can help businesses to run day-today, non-strategic routine such as
accounting, bookkeeping, monthly & quarterly tax compliance and required reports of
government regulatory agencies such as SSS, Philhealth, and Pag-ibig.
ORGANIZATIONAL CHART
A. CONTEXT DIAGRAM OF EXISTING SYSTEM
B. DATA FLOW DIAGRAM OF EXISTING SYSTEM
Narrative of the Existing System:
PROCESS 1: Hire New Employees
The process of hiring new employees is vital for the payroll process since it is
where all the documents and records of employees are based. The hiring of new
employees is done by the Human Resource Department. The Process 1 accepts the
application form from the applicants.
Employee Time Record is the source document used by managers to keep track
of the labor hours that the employees have performed in the company. In this process, a
document is created to show the amount of time spent per employee on given tasks. A
summary of labor hours is then stored to master data.
In this process, the accountant in the payroll department computes the gross pay
of each employee based on the total labor hours that the employee have completed for
the period, which is indicated in the employee time record.
In this process, the accountant in the payroll department calculates the net pay of
each employee, by deducting all the employee benefits and their corresponding
withholding taxes.
The payroll worksheet is done by the general accountant based on the net pay
calculated prior to process 5. It is where all the net pay of employees have been finally
prepared. The file is then stored to master data.
Payroll Worksheet is a document showing all the amounts that were accounted for
the computation of the net pay of each employee. In this process, the payroll worksheet
is sent to the managing partner for checking, validation and authorization of the total
amounts before the actual distribution of the salaries to the employees. After being
validated, the mandatory contributions is then remitted to respective government
agencies.
The pay slip is then issued by general accountant and then distributed to
respective employees to inform that their salaries have been credited.
The Human Resource Department will receive application form from applicants
and will contact them for interview. After the interview, they will choose who will be hired
and the information of those who were hired will be stored in Employee Master Data.
The Human Resource Department will prepare the summary of hours worked by
the employees and will be forwarded to the Managing Partner for the authorization. The
authorized summary of hours worked will be forwarded to the bank.
After receiving the authorized summary of hours worked, the payroll processor
from the bank will now compute the employees’ salaries. The employees’ information will
be retrieved from Employee (Payroll) Records. This includes their name and bank account
number.
After computing the salaries, the bank will distribute the money to each employees’
account. The bank also issues payslip directly to the employees to confirm that they
already received their salary. They will submit a monthly salary report to the company and
report for withheld contributions. The withheld contributions such as PAG-IBIG, SSS and
Philhealth will be remitted to the corresponding agencies.
After remittance and money transfer, the company will receive a report from the
bank and it will be checked if it is done properly. The checking will be done by the
After auditing corresponding reports, the remitted amounts and net pay of the
employees are being recorded by the General Accountant as paid and it will be posted on
the general ledger.