The definition of accounting bookkeeping and tax bookkeeping is, of course, slightly different due to differences in the purpose of preparing the books. Definition of Bookkeeping Accounting is the process of recording financial transactions of a company starting from recording evidence of transactions, journals, ledgers, and finally preparing financial reports according to the Statement of Financial Accounting Standards. Fortunately, bookkeeping can be done easier these days, thanks to the convenience of a Mobile Bookkeeper.
The company’s financial transactions include:
1) Sales transactions.
2) Purchase transactions.
3) Expense or expense transactions.
4) Other income transactions.
5) Other fee transactions.
6) Capital change transactions.
7) Bank debt transactions.
8) Other debt transactions.
9) Other accounts receivable transactions.
Companies can be in the form of individuals or legal entities.
Definition of Tax Bookkeeping
The definition of Tax Bookkeeping is a process of recording which is carried out regularly to collect financial data and information which includes assets, liabilities, capital, income, and expenses, as well as the total cost and delivery of goods or services, which is closed by compiling financial statements in the form of balance sheets and reports. profit or loss for the fiscal year.
Bookkeeping according to the tax must be able to be used to calculate the amount of income tax and value-added tax payable.
Taxpayers who are required to keep books are:
a. Individual taxpayers who carry out business activities or independent jobs.
b. Corporate Taxpayer.
Bookkeeping made by the taxpayer must meet the following requirements:
a. Bookkeeping must be maintained in good faith and reflect actual business conditions or activities.
b. Bookkeeping at least consists of records regarding assets, liabilities, capital, income, and expenses, as well as sales and purchases so that the amount of tax payable can be calculated.
c. The books of a year must be kept chronologically.
d. Bookkeeping must be made in a Tax Year (depends on each country’s rule), which is a period of 1 (one) calendar year from January 1 to December 31, unless there is the approval of the application for a change in the Financial Year.