The Belarusian government has radically reduced the number of mandatory primary accounting documents in bookkeeping

March 25, Minsk /BELTA/. The Belarusian government has radically reduced the number of mandatory primary accounting documents. This decision is contained in the Resolution of the Council of Ministers of March 24, 2011 No. 360 "On Approval of the List of Primary Accounting Documents," the press service of the Belarusian government informed BELTA. The document was adopted to implement the powers of the Council of Ministers granted by the Decree of the President of Belarus of March 15, 2011 No. 114 "On Certain Issues of Application of Primary Accounting Documents." The resolution approves eight types of primary accounting documents that will be mandatory for use in accounting. According to the Ministry of Finance, there are currently about 1,600 primary accounting documents approved in the country. "Accordingly, from the date the Resolution No. 360 comes into force, April 1 of this year, only eight will remain mandatory," the press service explained. Other primary accounting documents necessary for documenting economic operations can be developed by business entities independently. It is also possible to use standard forms established by republican government bodies. "This decision will significantly simplify accounting, reduce the costs of maintaining it, which is in line with the principles of International Financial Reporting Standards," the press service emphasized. Thus, the government is consistently implementing measures to remove excessive requirements for regulating accounting and document processing, as provided for by Directive No. 4. -0-