Computer-Based Books of Accounts
BIR Ruling No. 287-93 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jul 5, 1993
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July 5, 1993 BIR RULING NO. 287-93 COMPUTER-BASED BOOKS OF ACCOUNTS 235 192-92 287-93 Gelmart Industries Philippines, Inc. Km. 15, South Superhighway Paraaque, Metro Manila Attention: Mr . Francis Acantilado Comptroller This refers to your letter dated March 29, 1993 in effect requesting that you be allowed to use computerized books of accounts using IBM System AS400 in order to simplify and facilitate the bookkeeping process and give all end-users accurate and fast information concerning accounting data. Specifically, the following are the books of accounts to be computerized: cdtech (a) GIP Cash Disbursement Book (CDB) (b) Bank Credit Memo Book (BCM) (c) Bank Debit Memo Book (BDM) (d) Cash Receipt Book-Local (e) Cash Receipt Book-Foreign Export (f) Export Revenue Book/Drafts Receivable (g) Local Sales Book In reply, please be informed that your request is hereby granted subject to the following conditions: (1) A readable print-out of the information/accounting data should be made available/verifiable; and (2) Diskettes containing records, classification and summary of transactions shall be subject to examination and inspection of internal revenue officers as they are as if they are the traditional books of accounts, in accordance with Section 235 of the Tax Code, as amended. LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue
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