KRA Sees it Live. eTIMS changed Accounting: What your books must do now

KRA now sees your transactions as they happen. Can your accounting explain every difference? Under eTIMS, tax records are created at the moment of the transaction, and KRA holds its own record of what you sold and bought. In this video, we look at why accounting that reconstructs events after the fact no longer fits the tax environment, and what your accounting function must do to align with how tax records are now created. You will learn: Why traditional accounting works "backwards", and why that is now a problem for tax Why every business event is now a structured data event How your purchases are recorded and tested through your seller's invoice The three weaknesses of the traditional approach, and where tax risk arises What "explainable variance" means for your business Six variances your accounting should be able to explain with evidence: timing, classification, counterparty, reversals, stock quantity and revenue