Amendments To The Law "on Accounting"

Original Language Title: Grozījumi likumā "Par grāmatvedību"

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Read the untranslated law here: https://www.vestnesis.lv/ta/id/229227

The Saeima has adopted and the President issued the following law: amendments to the law "on accounting" make law "on accounting" (the Republic of Latvia Supreme Council and Government Informant, 1992, no. 44; The Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1995, nr. 3, 23; in 1996, no 24; 1999, no. 15; 2000, no. 10; 2003, no. 12; 2004, no. 6; 2006, no. 10; 2009, no. 9; Latvian journal, 2010, 102, 166. No.) the following amendments: 1. Express article 7 by the following: ' article 7. The accounting records made records based on source documents. Source document is a document that certifies the existence of the financial transactions of the company and which contains at least the following document properties and information about financial transactions: 1) the document author's name (trade name), but if the author is a natural person: name and surname;
2) document author's registration number (if the author of the document in accordance with the law to be recorded), but if the author is a natural person: the code (if the person is granted);
3) external justification document, registered office (if the author of the document in accordance with the law to be registered) or address (if the author of the document in accordance with the law is not recorded), but if the author is a natural person, the person's specified address or, if one is specified, the declared place of residence address;
4) document type name;
5) document date;
6) registration number of the document;
7) signature (other than this law, in the cases referred to in article 7.1);
8) individual justification document types — other statutory mandatory document properties;
9) economic transaction participants, indicating each Member's financial business name (business name), registration number (if a member of the financial transactions in accordance with the law to be recorded), registered office (if a member of the financial transactions in accordance with the law to be registered) or address (if a member of the financial transactions in accordance with the law is not recorded), but if the financial transaction is a physical person, stating the name and last name, ID number (if the person is granted), the address of the person or If not specified, the declared place of residence address;
10) economic description of the transactions, the rationale and gauges (quantity, amount), but statutory cases, other information about the business deal.
If the transaction is a commercial external source document, it is preferable in comparison with any internal source document.
For external justification document considered a document drawn up for the other company, as well as a document drawn up for submission in the company to another company. All other source document should be considered the company's internal source documents.
Records accounting records shall be made in a timely manner to ensure that they are complete, accurate and systematically arranged. It is not permissible for entries whose content or gauges are different from the source document.
Entries in the accounting records and supporting documents are edited or updated, taking account of the requirements contained in the regulations governing the accounting and organization.
The accounting records of the sort only computerised admissible only where does not breach the requirements of this law, in addition, provide this register in a computer screen-to-read format and, if necessary, the opportunity to build its derivatives in paper form.
If the source document is in paper form, this document property "signature" design, respecting the legal force of law Document. Electronic source document property "signature" design, subject to the electronic documents Act requirements.
Other justification properties of a document shall be drawn up in accordance with the requirements contained in the regulations that determine the development and presentation of the document. "
2. To supplement the law with article 7.1 as follows: "article 7.1. An internal document of the justification can be considered as internal electronic document that does not contain the property "signature", if it is shown (autorizējus) for the financial transactions and the internal source document the correctness of the information given in the person of the head of the company.
For external justification document can be considered also document that other company shall be issued by the company, the recipient of goods or services, for payment, if it does not contain the property "signature", but in this document referred to the existence of the financial transactions of the Foundation of other external document having legal effect the legal force of documents within the meaning of the law.
For external justification document can be considered also document that other company shall be issued by the company, the recipient of goods or services – for payment that does not contain the property "signature", and it is not possible to execute in the second part, where the conditions referred to in this document that certifies the existence of the financial transactions of the financial transaction and the source document for the accuracy of the information provided in document recipients (company) responsible person of the Enterprise Manager.
For external justification document can be considered also document that does not contain the property "signature" and which the company — payment service shall be issued, at the request of users, payment service provider (payment services and electronic money within the meaning of the Act) that the company — payment service user, the payment order (task) is executed, if described in this document the existence of the financial transaction evidenced an economic transaction and the source document for the accuracy of the information provided in document recipients (company: a payment service user) the person in charge of the company.
For external justification document can be considered also non-certified company-payment service user-account statement that after the payment service user shall be issued, at the request of the payment service provider (payment services and electronic money within the meaning of the law), if this statement referred to the existence of the financial transaction evidenced an economic transaction and the source document for the accuracy of the information provided in document recipients (company: a payment service user) the person in charge of the company. "
3. Article 10: make the first paragraph by the following: "the company's justification documents, accounting records, inventory lists, annual reports and accounting documents of the Organization to systematically organize and maintain company archive.";
replace the second paragraph, the words "and annual reports and their annexes, as well as the main book, 10 years. Then they are transferred to the national archives "by the words" annual reports — until the reorganisation or winding up, as far as other legislation is not otherwise specified ";
replace the third paragraph, the words "records are sorted by an electronic computing machine" with the words "records are sorted electronically";
to make the fourth subparagraph by the following: "If a company is reorganized or its activities are terminated, the future of the company's archive storage arrangements determined by the liquidation Commission (liquidator) or Manager of the establishment, in coordination with the Latvian National Archive.";
to supplement the article with the sixth part as follows: "the company is entitled to in the first subparagraph to convert such documents in electronic form for storage in an electronic environment, respecting the scope of the regulatory framework archive the statutory procedures for public documents are converted into electronic form for storage in an electronic environment, the conversion of the technical requirements, as well as the order in which to store the retrieved documents are destroyed and converted the public documents."
The Parliament adopted the law of 7 April 2011.
President Valdis Zatlers in Riga V 2011 April 27.