[Expert Commentary] Three Risks Hidden in the Operation of the Electronic Bookkeeping Law "Administrative Processing Regulations"

As of January 1, 2024, all companies are required to store electronic transaction data. The transition from paper-based operations to digital has become a significant challenge for many businesses. Some may feel reassured, thinking, "We have established our administrative processing regulations, so we are perfectly compliant with the electronic bookkeeping law." However, behind this convenience lie subtle yet potentially fatal risks.
◆ Pitfalls of Administrative Processing Regulations: Three Risks
- Risk 1: Violations of regulations and formalism due to human error
- Risk 2: Risks of internal fraud and the inability to prevent evidence destruction
- Risk 3: Obligation to explain during tax audits and the absence of objective evidence
To ensure "authenticity," system management with [paperlogic] is optimal!
● Automatic granting of certified timestamps
By simply uploading electronic transaction data to the system, certified timestamps are automatically granted. Authenticity can be ensured without human intervention, and even if data is accidentally deleted, the original data with the timestamp remains in the system, preserving the evidence.
● History management function for corrections and deletions
When corrections or deletions are made, information about when, who, and what was done is automatically recorded, preventing human errors and intentional fraud.

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