1) What is a Computerized Accounting System (CAS)?
It is the integration of different component systems to produce computerized Books of Accounts and computer generated accounting records and documents. (RMO 29-2002)
2) What are the components of Computerized Accounting System (CAS)?
The components of Computerized Accounting System (CAS) are:
a) General Journal and other subsidiary records
(Note: For General Ledger, though it is a component of Computerized Accounting System (CAS), taxpayer must apply for Permit to Adopt a complete Computerized Accounting System (CAS)
b) Sales Book, Purchases Book, Accounts Receivable Book, Accounts Payable Book, Inventory Book, Payroll Ledgers, Subsidiary Ledgers and other accounting records
c) Any application system which generates subsidiary ledger and is part of official accounting documents such as official receipts (OR), sales and cash invoices, cash vouchers, journal vouchers, billing statements, sales tickets, etc.
d) Any application system which generates reports required by the BIR (e.g. a separate report for void and suspended transactions to explain the deduction from sale, compilation of their integrated/consolidated sales report produced every end of the day); and
e) Point of Sale (POS) Machine/Cash Register Machine (CRM) connected to a network or linked to CAS. (RMO 29-2002)
3) Who are required to apply for a Permit to Adopt Computerized Accounting System (CAS) or Components Thereof?
a) Taxpayers who will use/adopt:
· A complete Computerized Accounting System (CAS)
· Any or some of the components of Computerized Accounting System (CAS)
· e-Invoicing System
b) Taxpayers with valid permits to adopt Computerized Accounting System (CAS) or component/s thereof but made systems enhancement/modification that result to change in system release and/or upgrade in version number. (RMO 29-2002)
FREQUENTLY ASKED QUESTIONS Computerized Accounting System bir (CAS)
source: http://www.bir.gov.ph
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