Use of a Computer-Based Accounting System
BIR Ruling No. 255-89 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 12, 1989
Full text
December 12, 1989 BIR RULING NO. 255-89 235 011-88 255-89 Gentlemen : This refers to your letter dated July 26, 1989 requesting permission to adopt the computer-based accounting system effective August 1, 1989. You have represented that you are in the process of full conversion to a computerized accounting system which will eventually eliminate the use of the manual loose-leaf ledger. 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 or 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. cdta 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.