Basic Accounting and General Ledger
1 § Business events should be recorded so that they can be presented in order of registration (Because bookkeeping) and in systematic order (General Ledger). This shall be done in such a way that it is possible to check the completeness of the accounting records and overview of the business processes, position and results.
A business event relating to the receipt of a gift does not need to be recorded, provided that
1. the gift's market value is difficult to determine, but may be assumed to be low, and
2. it is consistent with generally accepted accounting principles. Create (2006:874).
The time of recording
2 § Cash In- and payments to be recorded later than the next working day. Other business events should be recorded as soon as possible.
Business events may be recorded later than specified in the first paragraph, if there are specific reasons and it is consistent with generally accepted accounting principles.
An enterprise whose annual net revenues typically do not exceed three million and is not required to prepare annual accounts in accordance 6 Chapter. 1 § may be delayed recording of business events until payment is made. At year end, however, all when unpaid receivables and liabilities recorded.
What is said in the third paragraph also applies to other enterprises, if there is only a small number of invoices or other documents in the operations and assets and liabilities under these do not amount to substantial sums. Create (2006:874).
Financial Transactions
3 § In connection with the current accounting ends, items that are necessary to determine the fiscal revenues and costs and the financial position at the reporting date recorded.
Ancillary accounting
4 § In the records, the accounts of assets, Provisions, liabilities and equity are specified in an ancillary records to the extent necessary to provide adequate control and oversight. Create (2006:874).
Correction of accounting entry
5 § If an accounting entry corrected, it must be stated when notification has been made and who made it. Takes notice through a special rectification mail, it must also be ensured that an examination of the corrected bookkeeping entry without difficulty be learned about the correction.
Supporting documents
6 § For every business transaction there must be a voucher. If the company has received an indication of the business event in the form set out in 7 Chapter. 1 § first paragraph, this figure shall, possibly supplemented with data under 7 and 8 §§, used as verification.
If required by the nature of the received voucher, get the records are based on a specially prepared reference verification.
Several similar business transactions must be documented by a joint verification. Upon the sale of goods and services for cash may also payments in one day of the sale documented by a joint verification, if it would be fraught with difficulty to establish proof of the various business events. The common voucher will then consist of data from a cash register, cash report or other statement indicating the amount of payments received.
7 § The voucher must include details of when it was compiled, when the corporate event occurred, what this refers to, the amount it relates and the counterparty it touches. Where appropriate, the voucher also include disclosure of documents or other information that has been the basis for the business event and where these are available.
The voucher is to include a voucher number or other identification signs and such other information necessary to the relationship between the voucher and the book business event without difficulty be fixed.
8 § Information under 7 § first paragraph may be omitted, if there are difficulties to let the task be included in the voucher and its omission is consistent with generally accepted accounting principles.
9 § If a voucher is corrected, it must be stated when notification has been made and who made it.
Other accounting entries than those related to business events
10 § What is provided in 1-9 §§ applies to other accounting entries than those related to business events.
System documentation and treatment history
11 § The company shall establish such descriptions of the accountancy system's organization and structure needed to give an overview of the system (systemdokumentation). The company must also keep such descriptions of completed processes within the system that makes it possible to easily follow and understand the individual accounting items' treatment (treatment history).
If the company has several separate postings, be it of your system documentation for each accounting indicate where information from other postings can be obtained.
Cash Register /The title comes into force in:2010-01-01/
12 § / Enters into force:2010-01-01/ In law (2007:592) on cash M. M. provides for the use of cash registers in some cases. Create (2007:596).