Why organized accounting is key for companies

Up-to-date and well-managed accounting is essential not only to comply with the DGII, but also to optimize financial management and ensure the company’s sustainability.

Main benefits • Tax compliance: reduces the risk of penalties due to delays or errors in tax filings.

• Informed decision-making: having accurate information enables better planning of investments, expenses, and financial strategies.

• Efficient audits: facilitates internal and external reviews, ensuring the company is always prepared for inspections.

• Trust from clients and investors: transparent management builds credibility and stability in the market.

Best practices

1. Record accounting transactions on a daily or weekly basis.

2. Maintain periodic bank reconciliations.

3. Automate processes with reliable accounting software.

4. Regularly review and update tax obligations.

Keeping accounting records up to date is a strategic investment that protects the company and reinforces sustainable growth.

Fuentes:

• DGII República Dominicana – Normativa contable vigente
• PwC Dominicana – Mejores prácticas contables