How to register books of accounts in bir Tahn / 03.07.202103.07.2021 Books of Accounts: What are these and How to write manually? Procedures. a) Submit duly accomplished BIR Form at the RDO or concerned office under the Large Taxpayer Service having jurisdiction over the place where the head office and branch is located, respectively; and. b) Present the manual/loose-leaf books of accounts for stamping and registration purposes. Jun 10, · When you register your business in the Bureau of Internal Revenue (BIR), one of the basic requirements is to register your books of account. Book of accounts are records that reflect the day-to-day business transactions of all corporations, partnerships or persons registered in BIR and are required to pay taxes. Here are some of the things that should be included in your books of account. These requirements varies depending on the type of reglster that you have:. Often referred to as journals or what you call l edgerstransactions in these books of account are being written by hand, and pre-printed formats of these books can be seen in bookstores and other office supply retail centers. Manual books are considered as the most popular format for books of account due to its cost effective nature. These books can easily be registered with the BIR, thus becoming a big hit for micro and small businesses. Keep note that using this; a. Transactions in these kinds of books are being recorded with the use of computer applications that are designed for faster how to find summer jobs for students accurate recording of accounst. Much like loose-leaf books of account, taxpayers who uses computerized versions should also file an application for PTU Permit to Use. Much like manual books, Loose-leaf accounts are printed ledgers. The only difference is that recorded transactions in loose-leaf books are being entered in a spreadsheet, and are printed out based on an approved format. Once you decide to register your books with the BIR, you need to elaborate your purpose of using loose-leaf books instead of utilizing gooks or CAS formats. The taxpayer should also file an application for Permit to Use. BIR Form Accomplished 2. A sworn statement specifying the following:. E-file and pay your taxes in minutes with Fast File. Get started for FREE here. Skip to content. Formats of Books of Accounts Explained. Related Posts. Apr 20, Law Apr 13, Law Apr 12, Will Robots Replace Accountants? Mar 23, By continuing to use our website, you accept our Privacy Statement. I Agree. Books of Accounts of Taxpayers in the Philippines Dec 29, · Hi welcome to #VIDBIZNEGOSYO here I am to share with you guys #Howtoregisterbooksofaccount at #BIR for this year Books of Accounts of Taxpayers in the Philippines. Section of the Tax Code, as amended. Revenue Regulations No. V-I. Revenue Memorandum Order (RMO) No. , as amended by RMO No. Revenue Memorandum No. Estimated Reading Time: 5 mins. Jan 07, · The BIR will require you to register your book of accounts when you apply for a certificate of registration. Registration must be accomplished on an annual basis, on or before January 31st. BIR Approved Formats of Books of Accounts. These are the acceptable formats for books of accounts: Manual Books of AccountEstimated Reading Time: 3 mins. All purchases must be recorded accurately and submitted to the BIR on designated deadlines. Keep in mind that your book of accounts and registers, records, vouchers, and other supporting documents must be readily available and preserved accordingly in your office at all times. BIR may visit your workplace to check this out Tax Mapping. The books that you will need depend on your business type, size, and financial capacity. Below is a guide to help you out. There are three 3 different types on how to file your books at the BIR. As a requirement of the BIR, make sure to keep a hardcopy of your book of accounts, subsidiary books, and other accounting records up until 5 years and preserved up to 10 years from. Only after the designated timeline are you allowed to keep an electronic copy. Business owners are prohibited to keep two or more set of records or book of accounts. This entails handwriting each account on the journals or ledgers. Avoid errors and erasures by recording your company transactions on Juan Tax before transferring it to the official ledgers. Restrictions Do not paste, tamper, printout, or insert any entry. You may use the same book until you fill out the pages of your journal. However, you must apply for registration before April 15 th of each year, which is deadline of filing of the first quarterly income tax return or the annual income tax return, whichever comes earlier. Submit your books to the RDO where your office is registered. Easier than the first option, loose-leaf book of accounts are simple systems that allow you to computerize your entries, print, and bind together. You must submit the bound copy with a sworn statement attesting to the correctness of your files. Make bookkeeping easier by downloading the ready-made format by Juan Tax. Your bookkeeping process must be approved by the BIR before use. Check this out to learn how to apply for authorization. You must submit this every January 15 th or fifteen days after the end of each taxable year to the RDO where your office is registered. These are full blown computer programs that enable you to input and record each entry in an accounting system. Similar with submitting loose-leafs, you must also attach a sworn affidavit stating the correctness of your records. Make sure that you are using a BIR registered system to make your books valid. Secure a permit to use from the BIR before using the system. Deadline of submission is January 30 th or 30 days from the closing of each taxable year. You must submit your books at the RDO where your office is registered. Note that if your company is earning more than Php 3,, then your books shall be examined by an independent certified public accountant yearly. Failure to accurately record your books may result to a fine of up to Php 50, or imprisonment of not less than one 1 year to ten 10 years. Your book registration should be done in conjunction with processing your Certificate of Registration and approved Authority to Print. E-file and pay your taxes in minutes with Fast File. Get started for FREE here. Skip to content. Related Posts. How to register your business as an Online Seller or a Freelancer Jun 11, Oct 25, By continuing to use our website, you accept our Privacy Statement. I Agree. Step 1: Fill out the following forms and bring the necessary supporting documents. Step 2: Submit filled out forms to the RDO or concerned office under the Large Taxpayer Service that governs over the place where your head office or branch is located. Step 3: Submit your manual book of accounts to the RDO or concerned office under the Large Taxpayer Service where your office or place of business is located.