The National Accounting Council (NAC) has recently issued a crucial opinion regarding standardized accounting carried out using computerized processes, commonly referred to as computerized accounting. This opinion holds significant importance for businesses employing computer systems in their accounting management.

Key points highlighted in the opinion are as follows:

1. Scope of computerized standardized accounting: The NAC’s opinion applies to all computer systems contributing to the production of accounting entries.
2. Obligation to produce an Accounting Entry File (AEF): Computerized standardized accounting systems must generate an AEF containing accounting information for each financial year, complying with the requirements of the General Code of Accounting Standards (GCAS).
3. Adherence to accounting principles: Computerized accounting systems must adhere to certain principles, including the chronological order of entries, the irreversibility of performed operations, and the durability of recorded data.
4. Software compliance criteria: Accounting production software must meet various criteria to be compliant, such as adhering to legal and regulatory provisions, automatically generating required accounting statements, ensuring the completeness of entries, guaranteeing the irreversibility of entries in closed periods, etc.
5. Security and traceability of operations: Software should ensure an audit trail and control, along with secure access and traceability of operations. Secure and durable archiving and backup of accounting data are also crucial.
6. Transparency of information systems: Documentation related to analysis, programming, and execution of processes must be accessible to ensure transparency of the information system.
7. Content of the Accounting Entry File: The AEF must contain diverse information for each financial year, including journal codes and descriptions, account numbers, debited and credited amounts, references to supporting documents, etc.

To sum up, the National Accounting Council’s opinion aims to establish stringent principles and criteria to ensure the reliability and compliance of computerized standardized accounting systems, in accordance with legal provisions and the General Code of Accounting Standards. Feel free to contact us for more information on how we can assist you in meeting these standards and optimizing your computerized accounting practices.