In the Philippines, businesses are required to comply with tax regulations set by the Bureau of Internal Revenue (BIR). One essential requirement is using a BIR-accredited Point-of-Sale (POS) system like Presto to process transactions. If you're running a restaurant, hotel, retail store, or any business that involves sales transactions, having a BIR-accredited POS system offers numerous benefits that go beyond compliance.
What is a BIR-Accredited POS System?
A BIR-accredited POS system is a point-of-sale software and hardware solution that has been evaluated and approved by the Bureau of Internal Revenue. This means the system meets the necessary tax reporting requirements, ensuring that businesses properly record sales and remit the correct amount of taxes.
The Benefits of Using a BIR-Accredited POS System
1. Full Compliance with Tax Regulations
The biggest advantage of using a BIR-accredited POS is that it ensures your business is legally compliant. The BIR has strict guidelines on how businesses should record, report, and remit taxes. Using a POS system that is already accredited saves you from penalties and legal issues associated with improper tax reporting.
2. Accurate and Transparent Sales Reporting
A POS system automatically records transactions, reducing human errors in sales reporting. This ensures that:
✔️ Sales data is accurate and reliable
✔️ Transactions are properly documented
✔️ Financial reports reflect the true state of the business
With a BIR-accredited POS, you can avoid discrepancies that may trigger BIR audits or fines.
3. Avoidance of Tax Penalties and Legal Issues
Businesses that fail to use a BIR-accredited POS can face fines, penalties, or even closure. Some potential issues include:
❌ Failure to issue BIR-compliant receipts
❌ Incorrect sales reporting leading to tax evasion charges
❌ Increased risk of getting flagged for an audit
By using a BIR-approved system, your business stays safe from these risks.
4. Automated Receipt Printing (Compliant with BIR Format)
The BIR requires businesses to issue service invoices that meet specific formatting and information requirements. A BIR-accredited POS system:
✔️ Automatically generates BIR-compliant receipts
✔️ Ensures all necessary information is included (e.g., TIN, business name, VAT details)
✔️ Reduces errors in manually issuing receipts
5. Builds Trust with Customers
A BIR-accredited POS system issues official receipts that customers recognize and trust. This boosts your business reputation because:
✅ Customers know their purchases are legitimate and properly recorded
✅ They can use official receipts for warranty claims, reimbursements, or tax deductions
✅ It shows that your business is transparent and compliant with tax laws
6. Easier Audits and Government Inspections
If the BIR audits your business, having a BIR-accredited POS system makes the process much smoother. Since all sales transactions are recorded correctly and receipts are compliant, you won’t have to deal with missing or incorrect data.
7. Future-Proofing Your Business Against Tax Reforms
The Philippine government is continually enhancing tax regulations to improve collection and minimize fraud. Having a BIR-accredited POS system ensures that your business is already aligned with current and future requirements, preventing issues with future policy changes.
How to Get a BIR-Accredited POS System for Your Business
If you're looking for a BIR-accredited POS system, make sure to choose a provider that:
✅ Has an official accreditation certificate from the BIR
✅ Offers system upgrades and compliance updates
✅ Provides customer support for tax-related concerns
✅ Has features that help streamline business operations (inventory, sales tracking, reports, etc.)
At Courtesy Point Technologies, we provide a BIR-accredited POS solution, PRESTO, that ensure your business stays 100% compliant while improving operational efficiency.
🚀 Want to upgrade to a BIR-compliant POS system? Message us today to get a FREE demo!
By using a BIR-accredited POS system, your business doesn’t just stay compliant—it also benefits from smoother operations, accurate reporting, and better financial management. Investing in the right POS system is a smart move for any business!