Authority to Adopt a Computer-Based Accounting System
BIR Ruling No. 181-90 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 17, 1990
Full text
September 17, 1990 BIR RULING NO. 181-90 235 011-88 181-90 Gentlemen : This refers to your letter dated June 11, 1990 requesting for authority to adopt a computer-based accounting system effective July 1, 1990. You stated that you are now in the process of computerizing the accounting system which will eventually eliminate the use of the traditional books of accounts. cdt In reply, please be informed that your request is hereby granted subject to the following conditions: 1. A readable printout of the information/accounting data should be made available and verifiable; and 2. Diskettes containing records, classification and summary of transactions shall be subject to examination and inspection of internal revenue officers as if they are the traditional books of accounts, in accordance with Section 235 of the Tax Code. aisadc Very truly yours, (SGD.) JOSE U. ONG Commissioner
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.