Keeping accounting records constitutes a unitary system of documented recording, monitoring and controlling, in a chronological and systematic manner, as quantity and value, based on well-established principles, the economic phenomena and processes, with the purpose of providing an overall image of the carried out activity.

It represents all the operations consisting of recording and keeping account of the material and financial funds of an enterprise or institution on the basis of norms and rules. Accounting records are kept only on the basis of accounting documents, representing written documents, which contain certain data, expressed in pecuniary and natural manner, on the economic operations which generate changes in property, at the place and date of their occurrence.

According to Law 82/1991 updated (Accounting Law ), the following entities are required to organize and manage accounting record:

  • Companies
  • Freelancers and individual enterprises
  • Autonomous administrations
  • Public institutions
  • Cooperatives
  • Associations and Foundations
  • Individuals performing income producing activities



  • Registering and drawing up accounting documents
  • Drawing up Accounting Records, Sales/Purchase Register, Daily management report, Daily Production Report
  • Managing and recording documents which hold a special regime
  • Managing storage records (stocks and inventory)
  • Standardization of inputs – costs and sales
  • Managing the Asset Register
  • Recording daily receipts / payments (cash flow)
  • Inventory of stocks / assets


  • Drawing up the monthly balance
  • Drafting and registering financial and return statements
  • Managing the Accounting Journal, Inventory Register, Register of corporate tax calculation
  • Managing the General Ledger
  • Managing monthly reports regarding the financial status of the company
  • Drafting and filling the quarterly report
  • Drawing the Annual Review and certifying it by an expert accountant