Adoption of a Computer Based Accounting System
BIR Ruling No. 168-90 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 3, 1990
Full text
September 3, 1990 BIR RULING NO. 168-90 232, 235 203 011-88 168-90 Gentlemen : This refers to your letter dated January 6, 1990 requesting from this Office the issuance of a permit to adopt a computer based accounting system. In this connection, you also request advice as to the period of time you are required to maintain your manual books parallel to the reports generated by your computer. aisadc In reply, please be informed that your request regarding the permit to adopt the computed based accounting system is hereby granted. As regards your maintenance of manual books parallel to the reports generated by your computer, it may be stated that the use of said manual books is equivalent to the use of subsidiary books, in which case, they form part of your accounting system and subject to the same rules and regulations as to their keeping, translation, production and inspection as are applicable to the journal and ledger (computer printouts). (Sec. 233, Tax Code) Hence, said manual books shall be preserved for a period beginning from the last entry in each book until the last day prescribed by Section 203 within which the Commissioner is authorized to make an assessment. (Section 235 of the Tax Code as amended) cd Very truly yours, (SGD.) JOSE U. ONG Commissioner
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