The Off Price Show Promo for BDO Credit Cardholders

The Off-Price Show brings a whole new retail concept to Manila showcasing premium lifestyle brands at off-price discounts (50% - 80% off!). You don’t need to trek to high-end stores to get your brand favorite as global lifestyle brands converge in one show in this 3-day must-see shopping event.

Promo Mechanics
1. Open to all BDO Credit Cardholders and American Express Cardmembers of good credit standing.
2. Exclusive benefits to BDO Credit Cardholders:
  •  Free entrance (including BDO ATM/Debit Cardholders) 
  • Additional discount in the form of GC that can be used upon point of sale on the same day 
Minimum SpendDiscountRebate via GC
  • Raffle will be open to all customers who made a purchase. Every P500 worth of purchase will entitle the customer to one (1) raffle coupon. For BDO Credit Cardholder, two (2) raffle coupons will be given for every P500 worth of purchase 
  •  Foldable bags will be provided to early bird shoppers using BDO Credit Card 
September 28First 150 customers
September 29First 150 customers
September 30First 200 customers

3. Sale event is from September 28 to 30, 2012 at the World Trade Center Tent, Pasay from 10 am to 10 pm
4. Avail of Zero Percent (0%) interest installment for 3 months for a minimum single-receipt purchase worth P3,000 using BDO Credit Cards.

Participating Brands
Berska • IKEA • H&M • Tommy Hillfiger • Crocs • Havaianas • Pull & Bear • Pacsafe • Outdoor Products • Grid-Itl • Hellolulu • Brooks • Prince • Melissa • Manhattan Portage • Puma • Jack & Jones • Lonsdale • Plus more lifestyle brands

Want to know more about this event? Visit their Facebook page

12 Elements of the Income Statement

A monthly income statement for at least the first year of operations should be part of your business plan. For the succeeding years, the projected income may be less frequent, owing to the fact that monthly estimates far into the future may not be that credible (It's really difficult to project financial performance past the first year of the business). 

Do also take note that when doing record keeping, it pays to know the difference between cash and accrual accounting systems. Under the cash method, transactions are recorded when money changes hands. For instance, a sale recorded when income is received. Expenses and purchases are recorded when they are paid. This is quite simple and suited for small start ups with no inventory. Under the accrual method, transactions are recorded as they are made. For example, a sale is recorded when the customer is billed with an invoice. Purchases are recorded when the supplier sends the bill. Businesses with inventory and large enterprises are the usual followers of the accrual method. For start ups, one can get free online accounting to help with your business accounting needs.

12 Elements of the Income Statement

1. Revenue: This is the income generated by the business from its operations.

2. Cost of goods: All the costs pertaining to the sale of the company's products.

3. Gross profit margin: The difference between revenue and cost of goods. It can be expressed in peso value or as a percentage, or both.

4. Operating expenses: All the spending (overhead and labor) directly related to the business's operations.

5. Total expenses: all overhead and labor expenses required to operate the business.

6. Net profit: The difference between gross profit margin and total expenses.

7. Depreciation: Reflects the decrease in the value of capital assets used to generate income.

8. Net profit before interest: The difference between net profit and depreciation.

9. Interest: All interest derived from debts. Determined by the amount of investments in the company.

10. Net profit before taxes: The difference between net profit before interest and interest.

11. Taxes: All taxes paid within a certain period.

12. Net profit after taxes: The bottom line for the company. It is the net amount after deducting taxes accrued from net profit before taxes.

Franchise Asia 2012

International Franchise Expo

FAP 2012  provides the platform for Filipino brands to conquer international markets by becoming even more globally-competitive. With the introduction of new and exciting sections – foremost of which is the Petro & Energy Pavilion – the Expo promises to be the go-to venue for business and trade with more investment options, bigger impact and wider reach.

How to Withdraw Paypal Fund to Unionbank Eon Account

After a successful EON account application, I tried to withdraw my dollar fund balance from Paypal to my new Eon account.

Step 1: Log in to your paypal account at

Step 2: Go to My Account and click Withdraw tab. Choose withdraw funds to your bank account.

Step 3: Type in the amount you wish to withdraw. Note the minimum withdrawal amounts (U.S. Dollars - $10.00 USD and Philippine Pesos P500.00 PHP) and choose Unionbank from the list of your bank accounts. Remember that less than Php7,000 withdrawals charges Php50 fee. But it's free for Php7,000 or more.

If you haven't linked your Unionbank Eon account, just click the "Add a bank account" option and type in all the information required. You will need your UnionBank account number (12 digits) and the UnionBank bank code (010419995)

Step 4: Review the details (see exchange rate for dollar withdrawal and if any there's any fee charged) and confirm the transfer. The transaction takes 2-4 business days to complete.

How To Open and Get your Unionbank EON card in one day

I have been working online for the past 4 years but it was just recently when I decided to finally open a Unionbank Eon account. Paypal fund transfer to my BDO account is getting too costly since I find myself withdrawing every 3 months. That's already Php400 less per withdrawal to BDO as transfer fee if I both withdraw the dollars and pesos. With Unionbank however, that's free. You just need to pay Php350 annual fee.

Let me share with you a step by step process of opening your own Eon card. Note that this is based on my personal experience last May 2012. 

Step 1: Go to and click the EON tab.

Step 2: Choose Eon Online Application and click Apply Now

Step 3: Read carefully the bank's terms and conditions and click "Agree"

Step 4: You will now be asked to fill up the necessary information for your new account application (includes personal and business details). Take note of your preferred Pick up Branch. Click Submit. 

Step 5: Wait for the sms that contains your reference number. You may already pick up your card at your preferred Unionbank pick up branch provided you have a complete set of requirements.

Step 6: Make sure you have your requirements before the bank visit - reference number, the Php350 annual fee, original and photocopy of 2 primary valid ID's. My chosen branch (BiƱan-Carmona) requested for an additional copy of billing statement so I just handed them a photocopy of my latest credit card monthly statement. 

Step 7: After you pay the Php350 annual fee, you can now get your Unionbank EON card that same day! Just wait til they print your name on your new card - one day processing! That's really fast right? I was just advised that I can use the card after 3 days. 

3 days after, I enrolled for a CyberAccount, logged in after 48 hours then tried transferring my Paypal dollar balance and received it in less than a week. For those of you who have an online business or accept online jobs and transacts using Paypal, I assure you, having a Unionbank Eon account is a business friendly way to cut cost and transact faster.
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