What is the correct BIR books of accounts format?

[riya]

Can someone explain the proper BIR books of accounts format required for compliance? I want to make sure my journal, ledger, and other accounting records follow the official BIR books of accounts format. Are there specific templates that need to be registered? Also, what are the penalties for not following the correct format?

 

[Oscar]

The correct BIR books of accounts format required by the Bureau of Internal Revenue includes General Journal, General Ledger, Cash Receipts Book, and Cash Disbursements Book, recording date, description, reference, debit, and credit amounts.

 

[alexmetro]

Usually you just need the General Journal, General Ledger, and cash books, and they should be registered with BIR first. If the format isn’t registered or updated, they can charge penalties during an audit.