Bookkeeping

The finance ministry in the third quarter of 2019 will launch a pilot programme regarding the electronic declarations of invoices and companies' bookkeeping.

The aim is to create a framework for the mandatory electronic submission of invoices and bookkeeping for all businesses and freelance professionals, as of 1 January, 2020.

As of the last quarter of this year, the Independent Authority for Public Revenue is set to start piloting an online bookkeeping system for companies in a bid to spare Greek enterprises the hefty administrative costs of conventional bookkeeping that compromise their competitiveness, the authority's head Giorgos Pitsilis announced on Thursday.

Bookkeeping, as an indispensable part of general accounting and taxation, has been employed from its very inception, no matter how primitive it was, as a tool to record financial transactions and other information pertaining to a business entity on a day-to-day basis. The core function of any type of bookkeeping in any period of history has been, unmistakably, to ensure that records regarding e