R76321B - Transaction Journal

To comply with specific Brazilian legal requirements and business practices, companies must keep detailed records of all transactions. The Brazilian government can audit companies at any time to verify that commercial transactions are being performed within legal requirements.

The General Ledger (Livro Razo) and the Transaction Journal (Diario Geral da Contabilidade) are two of the basic elements that companies are required to maintain and submit for auditing.

You print the Brazilian Transaction Journal to list and total all of the journal entries in the Journal Entry Book by company, day, and accounting period. The system prints an ending balance for each page and carries that balance forward to the next page so that each page of the journal can stand alone.

The Brazilian Transaction Journal report includes an opening statement (Termo de Abertura) for the first page and a closing statement (Termo de Encerramento) for the last page. The opening and closing statements include this company information:

• Purpose of the book.

• Number of the book.

• Number of pages.

• Business to which the book pertains.

• Business name.

• Business address.

• Number assigned to the business by the Junta Comercial.

• Taxpayer identification number.

• Company administrator and accountant authorization of the closing of the accounting period.

The statements also include information about the journal, such as the fiscal book number and the total number of pages.