VI Accounting books are an extremely important and must-have book for any business unit or establishment. Data in accounting books is the basis for units and businesses to compare and contrast their business situation through each period. So when must the accounting books of the Commune People’s Committee be opened? Through today’s article, let’s learn more about the above issue with PhamConsult!
When must the commune People’s Committee’s accounting books be opened?
The time to open the accounting books of the Commune People’s Committee is prescribed in Clause 5, Article 5 of Circular 70/2019/TT-BTC as follows:
Regulations on accounting books
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5. Open accounting books
a) Principles for opening accounting books
Accounting books must be opened at the beginning of the annual accounting period or immediately after the decision to establish and begin operations of the commune is made. The accounting books are opened at the beginning of the new fiscal year and budget to transfer the balance from the old year’s accounting books and immediately record new economic and financial transactions arising in the new year from January 1 of the fiscal year. , new budget.
Commune budget revenue and expenditure data from the previous year arising during the period of finalization adjustment are recorded in the commune budget revenue and expenditure accounting books during the period of revision to monitor revenue and expenditure accounts and revenue differences. commune budget expenditures during the adjustment period to serve the preparation of state budget settlement reports according to regulations. If economic transactions arise in the current year, then record them in this year’s accounting books.
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Thus, according to regulations, the accounting books of the Commune People’s Committee must be opened at the beginning of the annual accounting period or immediately after the decision to establish and begin operations of the commune is made.
Note: Accounting books are opened at the beginning of the new fiscal year and budget to transfer the balance from the old year’s accounting books and immediately record new economic and financial transactions arising in the new year from January 1 of the year. new fiscal year, budget.
What must the commune People’s Committee’s accounting records be based on?
The accounting book recording of the Commune People’s Committee is prescribed in Clause 6, Article 5 of Circular 70/2019/TT-BTC as follows:
Regulations on accounting books
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6. Record accounting books
a) Accounting book entries must be based on accounting documents; all data recorded in accounting books must be supported by accounting documents; Must ensure that numbers and letters are clear, continuous and systematic, must not be abbreviated, must not be overwritten, and must not be left out of lines.
b) Must follow the recording order and accounting book forms specified in Appendix No. 03 “Accounting book system” attached to this Circular. When recording the end of the page, you must add the data of each page to bring the number of the previous page to the beginning of the next page. Do not write anything above or below.
c) In case of writing accounting books on paper, you must use indelible ink and do not use red ink to record accounting books. If you do not write down the entire page, you must cross out the unwritten portion, do not erase, and do not use chemicals to make corrections.
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Thus, according to regulations, the accounting book entries of the Commune People’s Committee must be based on accounting documents; all data recorded in the accounting books must be supported by accounting documents;
And you must ensure that numbers and letters are clear, continuous and systematic, do not abbreviate, do not overwrite, and do not remove line spacing.
When there is a change in staff who keep and record accounting books, what are the responsibilities of the commune accounting officer?
In case the change of accounting book keeping and recording staff is prescribed in Clause 4, Article 5 of Circular 70/2019/TT-BTC as follows:
Regulations on accounting books
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4. Responsibilities of the person keeping and recording accounting books
a) Accounting books must be strictly managed, clearly assigning individual responsibility for keeping and recording books. The employee in charge of keeping and recording accounting books must be responsible for the contents recorded in the books during the period of keeping and recording the books.
b) When there is a change in book keeping and recording staff, the commune accounting officer must organize the handover of management and accounting book recording responsibilities between the old accounting staff and the new accounting staff. The old accountant must be responsible for all the contents recorded in the books during the period of keeping and recording the accounting books, the new accountant is responsible from the date of handover. The handover record must be signed and confirmed by the commune accountant in charge.
c) Employees who keep and record accounting books must record promptly after economic transactions arise, ensuring clarity and completeness according to the contents of the accounting book form. Information and data recorded in accounting books must be accurate and truthful, based on the corresponding accounting documents used to record the books.
d) Accounting book entries must be made in the chronological order of economic and financial operations. Information and data recorded in the accounting books of the following year must continue the information and data recorded in the accounting books of the immediately preceding year, ensuring continuity from the time the books are opened to the time they are closed.
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The old accountant must be responsible for all the contents recorded in the books during the period of keeping and recording the accounting books, the new accountant is responsible from the date of handover.
The handover record must be signed and confirmed by the commune accountant in charge.
So, through the article on Pham Consult, we have helped you learn about the issue of when the accounting books of the Commune People’s Committee must be opened? What should accounting records be based on? Hope the above information helps your work.
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