Compliance · Accounting Standards
Books built to IFRS & IAS principles, not a homegrown approximation.
A set of books that only makes sense inside the POS that produced them is a liability at audit time. i-TaviPOS structures its ledger, inventory and fixed-asset treatment around standard accounting principles, so what your accountant receives is something they can actually work with.
Standard revenue recognition
Sales are recognised in the period they're earned, with returns and credit notes treated correctly against the original sale.
IAS 2-aligned inventory valuation
Weighted-average or FIFO costing per item, so cost of goods sold and inventory value on the balance sheet reflect standard treatment.
Fixed asset & depreciation records
A fixed asset register with standard depreciation methods, feeding depreciation expense into the ledger automatically each period.
Accrual-based reporting
Financial statements reflect income and expenses when they occur, not just when cash moves — the basis your accountant expects.
Auditable, period-locked records
Once a period is closed and reviewed, it's locked — any later change is a separate, logged adjustment, not a silent edit.
Accountant-ready exports
Financial statements and supporting schedules export in a format your accountant or auditor can work with directly.
i-TaviPOS is built by Pro Accountants, a Fiji chartered accounting practice — the standards your books are built around are the same ones our own accountants are trained and examined on.
Want your accountant to see this first?
We're happy to walk your accountant or auditor through exactly how the ledger is structured.