Accounting services for a PT PMA should connect Indonesian bookkeeping with management, tax and investment-reporting requirements without treating them as one universal compliance package. A PT PMA is an Indonesian company, so its books and statutory obligations must be assessed under Indonesian rules. Group reporting requested by foreign shareholders is a separate workstream.
This guide defines the practical accounting scope for foreign-investment companies and the boundaries between bookkeeping, tax work, LKPM reporting and independent audit services.
Regulatory references checked on 7 September 2026. Requirements must be confirmed against the company’s OSS data, taxpayer profile, transactions, sector and reporting period.
Core accounting work for a PT PMA
| Workstream | Typical output | Review point |
|---|---|---|
| Transaction bookkeeping | Journals and general ledger supported by invoices, contracts and payment records | Completeness and business purpose of source documents |
| Bank and intercompany reconciliation | Reconciled bank, shareholder, related-party and loan balances | Unmatched items, foreign-currency translation and supporting agreements |
| Receivables and payables | Customer/vendor ledgers and ageing schedules | Cut-off, disputed balances and foreign-party transactions |
| Fixed assets | Asset register and accounting depreciation schedules | Ownership, capitalization, useful lives and tax differences |
| Management reporting | Draft balance sheet, profit-and-loss, cash-flow and supporting schedules | Accounting policies, estimates and management approval |
| Tax-data package | Reconciled data and workpapers for applicable filings | Tax type depends on the company’s actual status and transactions |
| Investment-reporting data | Investment, employment and operational data prepared for LKPM review | OSS project, location, business scale and reporting stage |
Indonesian bookkeeping remains the foundation
Article 28 of the General Provisions and Tax Procedures Law requires corporate taxpayers in Indonesia to maintain books. A PT PMA should therefore maintain an evidence trail that reflects its actual activities and supports its annual financial statements and tax reconciliation.
Important records may include:
- company deeds, NIB, licences and corporate approvals;
- bank statements and cash records;
- sales, purchase, expense and import documents;
- shareholder funding, loan and related-party agreements;
- payroll and employee records;
- fixed-asset and inventory schedules;
- tax invoices, withholding slips, returns and payment receipts; and
- foreign-currency and intercompany reconciliation workpapers.
The accounting provider relies on information supplied by the company. Directors and management remain responsible for transaction authorization, document completeness, judgments, estimates and approval of the financial information.
Tax obligations depend on the company’s profile
Foreign ownership does not create an identical set of taxes for every PT PMA. Applicable obligations depend on facts such as PKP status, taxable supplies, employees, vendor payments, cross-border transactions, financing arrangements and the company’s sector.
VAT reporting should be included only where the PT PMA’s status and transactions make it relevant. Withholding-tax treatment varies by payment and recipient. Cross-border payments may also require examination of domestic rules, beneficial ownership, treaty documentation and transfer-pricing considerations.
Bookkeeping staff may organize documents and prepare reconciled tax data. Formal filing or representation by another person must comply with PMK 44/2026 and, where relevant, PMK 55/2026.
For the broader taxpayer-obligation framework, read Tax Compliance Indonesia.
LKPM is a separate investment-reporting workstream
LKPM is not an accounting statement or tax return. It reports investment realization and other investment-related information through the OSS system.
Under Minister of Investment and Downstreaming/Head of BKPM Regulation No. 5 of 2025:
- an investment-activity report is submitted for each business activity and location after obtaining an NIB;
- small businesses report every six months;
- medium and large businesses report every three months; and
- micro businesses and specified APBN/APBD-funded activities are not subject to that reporting requirement.
The correct period must therefore be determined from the business scale and OSS project data. The accounting team can prepare investment and financial data, but management should reconcile it with the company’s NIB, project locations, business activities, operating stage and prior LKPM submissions before filing.
Foreign-shareholder reporting is not automatically statutory reporting
A parent company or overseas shareholder may request monthly packages, consolidation schedules, foreign-currency reports or group accounting adjustments. These requirements may be important under group policy, financing documents or shareholder agreements, but they should not be described as universal Indonesian statutory obligations.
The engagement should identify:
- reporting framework and chart-of-account mapping;
- reporting currency and exchange-rate policy;
- group reporting deadline;
- related-party balances and consolidation eliminations;
- local-to-group accounting adjustments; and
- management approval and communication responsibilities.
Financial-statement preparation versus audit
Preparing a trial balance, financial statements and supporting schedules does not provide independent assurance. Under Law No. 5 of 2011 on Public Accountants, assurance services such as an audit or review of historical financial information may only be provided by a licensed Public Accountant.
If the PT PMA is required by law, financing terms, shareholders or another party to obtain an audit, the accounting provider may prepare audit-ready records and coordinate document requests. The audit opinion must be issued through the separately appointed licensed professional or KAP.
Suggested monthly workflow
- Collect Indonesian and cross-border transaction documents.
- Post transactions and update subledgers.
- Reconcile bank, receivables, payables, payroll, fixed assets and intercompany accounts.
- Identify missing documents and unusual transactions.
- Prepare management adjustments for approval.
- Issue the agreed local management-reporting package.
- Prepare reconciled inputs for applicable tax filings.
- Update LKPM data separately when the company is within a reporting period.
- Prepare group-reporting schedules only where contractually requested.
Questions to resolve before engagement
- How many OSS projects, business activities and locations does the company have?
- What business scale and operational stage appear in OSS?
- Is the company a PKP and which taxes are currently active?
- Does it have employees, imports, loans or related-party transactions?
- Which accounting framework and reporting currency are required?
- Does a shareholder, lender or regulation require an independent audit?
- Who is authorized to approve and file tax and LKPM submissions?
How Jakarta Legal ID can support a PT PMA
Jakarta Legal ID can support bookkeeping, reconciliations, management-report preparation, tax-data organization and preparation of financial inputs for investment reporting. Regulated tax representation and independent assurance should be assigned to professionals with the applicable authority or licence.
Review the overall service scope at Financial & Tax Consulting and the wider financial-management topic at Financial Consultant Indonesia.
Frequently asked questions
Does every PT PMA submit LKPM quarterly?
The reporting frequency follows the business scale and other conditions recorded under the current OSS framework. Under the 2025 regulation, medium and large businesses report quarterly, small businesses semesterly, and micro businesses are excluded from the stated obligation.
Does every PT PMA have VAT obligations?
No. VAT obligations depend on PKP status and the nature of the company’s supplies and transactions.
Can internal management accounts be called audited financial statements?
No. An audit or review conclusion is an assurance service that must be issued by a licensed Public Accountant.
Is reporting to an overseas shareholder required by Indonesian law?
Not universally. It may arise from group policy, contract, financing or a specific regulation and should be identified separately.
Official references
- Directorate General of Taxes: corporate bookkeeping and financial statements
- BKPM Regulation No. 5 of 2025
- Law No. 5 of 2011 on Public Accountants
- PMK 44/2026
- PMK 55/2026
Need a PT PMA accounting-scope review? Provide the company’s OSS profile, transaction volume, taxpayer status and reporting requirements so the bookkeeping, tax-data, LKPM and assurance workstreams can be separated correctly.