Republic of the Philippines

Accounting Service

The Accounting Service (AS) under the supervision of Ms. Angelina L. Gabat, Officer-in-Charge, is responsible for the preparation of financial reports for submission to fiscal agencies of the government (Commission On Audit, Bureau of Internal Revenue, Department of Budget and Management, Bureau of Treasury etc.) and the Tribunal. The financial reports are composed of the Trial Balance, Statement of Financial Position, Statement of Financial Performance, Statement of Cash Flow, Statement of Changes in Net Assets/Equity, Report of Disbursements, Tax Remittance Advice together with all the supporting documents/schedules. Likewise, AS prepares BIR Annual Information Returns and Alphalists of Payees, Certificates of Compensation Payment/Tax Withheld (BIR Form 2316), Certificate of Creditable Tax Withheld at Source (BIR Form 2307) and Certificate of Final Tax Withheld at Source (BIR Form 2306).

Maintenance of books of accounts of the agency is another responsibility of the Accounting Service. It records transactions in the corresponding Journal Entry Vouchers then summarizes and posts them to the General Ledger as well as to the Subsidiary Ledgers. It likewise performs pre-audit functions such as certification of the correctness, completeness of supporting documents of all transactions involving the utilization of government and fiduciary funds; verification of account codes and expense object classification in the Obligation Slips as well as certification as to availability of funds.

It maintains an accurate count of the Tribunal’s properties, equipment and supplies; processes Supplies Availability Inquiry,and re-canvasses the prices of supplies and equipment reflected in the Abstract of Canvass and Service requests. Likewise, it verifies and reconciles the monthly Summary of inspection and Acceptance Reports of the Procurement and Property Management Service as well as inspects and indicates the account codes on Inspection and Acceptance Reports. Moreover, it computes the annual depreciation of Property Plant and Equipment.

In addition, Accounting Service prepares quarterly Financial Accountability Report No. 4 and Disbursement portion of Annex A and B (Statement of Appropriations, Allotments, Obligations, Disbursement and Balances) for submission to the Department of Budget and Management (DBM).