The Concept of Blockchain-Based Triple Entry Accounting In Indonesia

Authors

  • Tatas Ridho Nugroho Universitas Negeri Malang
  • Hari Setiono Universitas Islam Majapahit
  • Muhammad Bahril Ilmiddaviq Universitas Islam Majapahit

DOI:

https://doi.org/10.37329/ganaya.v7i1.3809

Keywords:

Accounting Technology, Blockchain, Tax Administration, Transparency

Abstract

The business world, particularly in accounting and financial reporting, is undergoing significant disruption due to the emergence of blockchain technology. By implementing blockchain technology, critical company information becomes more integrated and transparent. However, in Indonesia, the development of blockchain, both in concept and practice, has been slow. This paper aims to examine the blockchain-based triple entry accounting concept that is present and emerging in Indonesia through a literature review approach. The literature review was conducted via Google Scholar using the keywords "triple entry accounting" and "blockchain accounting," resulting in 15 relevant articles from Indonesian journals for further study. The stages of the literature review include identification, manual screening, reading titles, keywords, abstracts, and publications. The results indicate that Indonesia has the potential to implement blockchain-based triple entry accounting to enhance transparency, reduce fraud, and improve tax administration efficiency. This study also provides regulatory implications, suggesting that the government should develop standardized guidelines for the application of blockchain technology in the accounting sector.

References

Ahmad, A., Wahyuni, I. S., Istiqomah, L., & Tiyas, E. W. W. (2022). Triple Entry Bookkeeping di Era Teknologi Blockchain: Suatu Kajian Literatur. Jurnal Pendidikan Akuntansi (JPAK), 10(3), 338–346.

Akib, B. (2019). Prosedur Akuntansi Keuangan Daerah Pada Kantor Pemerintah Kabupaten Gowa. El-Iqtishod: Jurnal Ekonomi Syariah, 3(1), 1–15.

Alsalmi, N., Ullah, S., & Rafique, M. (2023). Accounting for Digital Currencies. Research in International Business and Finance, 64, 101897.

Amir, H., Asafu-Adjaye, J., & Ducpham, T. (2013). The Impact of the Indonesian Income Tax Reform: A CGE Analysis. Economic Modelling, 31, 492–501.

Amirya, M. (2022). Blockchain Technology in MSME Bookkeeping in Indonesia. Jurnal Ilmiah Akuntansi Peradaban, 8(2), 181–193.

Bandaso, T. I., Randa, F., & Mongan, F. F. A. (2022). Blockchain Technology: Bagaimana Menghadapinya?–Dalam Perspektif Akuntansi. Accounting Profession Journal (APAJI), 4(2), 97–115.

Cai, C. W. (2021). Triple‐entry Accounting with Blockchain: How Far Have We Come? Accounting & Finance, 61(1), 71–93.

Garanina, T., Ranta, M., & Dumay, J. (2022). Blockchain in Accounting Research: Current Trends And Emerging Topics. Accounting, Auditing & Accountability Journal, 35(7), 1507–1533.

Gietzmann, M., & Grossetti, F. (2021). Blockchain and Other Distributed Ledger Technologies: Where is the Accounting? Journal of Accounting and Public Policy, 40(5), 106881.

Hadi, M. Z. (2020). Peluang Implementasi Teknologi Big Data Dan Block Chain Untuk Peningkatan Kinerja Perdagangan Pada Sektor UMKM di Indonesia Pada Era Industri 4.0. Journal of Communications and Networks, 3(1), 71–80.

Han, H., Shiwakoti, R. K., Jarvis, R., Mordi, C., & Botchie, D. (2023). Accounting and Auditing With Blockchain Technology and Artificial Intelligence: A Literature Review. International Journal of Accounting Information Systems, 48, 100598.

Hartoyo, A., Sukoharsono, E. G., & Prihatiningtias, Y. W. (2021). Analysing the Potential of Blockchain for the Accounting Field in Indonesia. Jurnal Akuntansi Dan Keuangan, 23(2), 51–61.

Khawaja, S., & Javidroozi, V. (2023). Blockchain Technology as an Enabler for Cross‐Sectoral Systems Integration for Developing Smart Sustainable Cities. IET Smart Cities.

Lardo, A., Corsi, K., Varma, A., & Mancini, D. (2022). Exploring Blockchain In The Accounting Domain: A Bibliometric Analysis. Accounting, Auditing & Accountability Journal, 35(9), 204–233.

Lubis, N. I., & Pratama, A. (2023). Perkembangan Sistem Administrasi Pajak Berbasis Blockchain. Accumulated Journal (Accounting and Management Research Edition), 5(1), 27–41.

Mahaini, M. F., Danessa, F. R. A., & Wulandari, A. K. (2022). Treping System (New Trebit for Bookkeeping System): Implementasi Triple Entry Accounting dalam Sistem Entitas Pendidikan. Journal of Applied Managerial Accounting, 6(1), 47–58.

Maiti, M., Kotliarov, I., & Lipatnikov, V. (2021). A Future Triple Entry Accounting Framework Using Blockchain Technology. Blockchain: Research and Applications, 2(4), 100037.

Malik, S. A., Chadhar, M. A., Chetty, M., & Vatanasakdakul, S. (2022). Adoption of Blockchain Technology: Exploring the Factors Affecting Organizational Decision. Human Behavior and Emerging Technologies, 2022, 1–14.

Mokoginta, N., Lambey, L., & Pontoh, W. (2017). Pengaruh Sistem Pengendalian Intern Dan Sistem Akuntansi Keuangan Daerah Terhadap Kualitas Laporan Keuangan Pemerintah. Going Concern: Jurnal Riset Akuntansi, 12(2).

Pattanayak, S., Arputham, R. M., Goswami, M., & Rana, N. P. (2023). Blockchain Technology and Its Relationship With Supply Chain Resilience: A Dynamic Capability Perspective. IEEE Transactions on Engineering Management, 1–15.

Rahardjo, H., & al., et. (2023). Facing the Challenges Of Adopting Blockchain Technology In Small And Medium Enterprises in Indonesia. Journal of Emerging Technologies in Accounting.

Rahmawati, M. I., & Subardjo, A. (2023). Teknologi Artificial Intelligence dan Blockchain: Sebuah Keniscayaan Pada Akuntan dan Auditor. Jurnal Ilmiah Akuntansi Dan Keuangan (JIAKu), 2(4), 403–409.

Septiawan, B., & Fartika, W. (2022). Application Of Triple-Entry Bookkeeping With Blockchain Technology As An Effort To Prevent Accounting Fraud. Akuntansi Dewantara, 6(2), 42–47.

Setyowati, M. S., AH, A. I. A. R. S., & Hendarawan, A. (2022). Potential Outcomes of Blockchain Technology Application for Transparency of Ultimate Beneficial Owner Registration Issue. Jurnal Ilmiah Akuntansi Dan Bisnis, 17 (1), 102–116.

Surjono, W., & Firdaus, N. N. R. (2017). Pengaruh Sistem Akuntansi Keuangan Daerah Terhadap Akuntabilitas Laporan Keuangan Pada Satuan Kerja Dinas Pendapatan dan Pengelolaan Keuangan (DPPK) Pemerintah Daerah Kabupaten Bandung. Jurnal Riset Akuntansi Dan Keuangan, 5(1), 1357–1368.

Suwandi, E. D. (2016). Penerapan Dan Penilaian Sistem Informasi Manajemen Daerah (Simda) Di Kabupaten Purworejo Dalam Membantu Pengelolaan Akuntansi Pemerintahan. Fokus Bisnis: Media Pengkajian Manajemen Dan Akuntansi, 15(2), 37–55.

Wibowo, T., & Christian, Y. (2021). Usage of Blockchain to Ensure Audit Data Integrity. Jurnal EQUITY, 24(1), 47–58.

Yermack, D. (2017). Corporate Governance and Blockchains. Review of Finance, 21(1), 7–31.

Yulistia, Y., Yanti, N., & Purwasih, I. (2017). Analisis Faktor Keperilakuan Organisasi Terhadap Kegunaan Sistem Akuntansi Keuangan Di Badan Keuangan Daerah Pemerintah Provinsi Sumatera Barat. Jurnal Benefita, 2(3), 179–193.

Yunus, E. N. (2021). The Mark of Industry 4.0: How Managers Respond to Key Revolutionary Changes. International Journal of Productivity and Performance Management, 70(5), 1213–1231.

Zhao, Y., & Chen, X. (2023). Emerging Technologies in Manufacturing: Challenges and Opportunities for Industry 4.0 Adoption. Journal of Manufacturing Systems, 60, 1001–1012.

Downloads

Published

29-02-2024

How to Cite

Nugroho, T. R., Setiono, H., & Ilmiddaviq, M. B. (2024). The Concept of Blockchain-Based Triple Entry Accounting In Indonesia. Ganaya : Jurnal Ilmu Sosial Dan Humaniora, 7(1), 380–393. https://doi.org/10.37329/ganaya.v7i1.3809

Issue

Vol. 7 No. 1 (2024)

Section

Articles

License

Copyright (c) 2024 Tatas Ridho Nugroho, Hari Setiono, Muhammad Bahril Ilmiddaviq (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

An author who publishes in the Ganaya : Jurnal Ilmu Sosial dan Humaniora agrees to the following terms:

  • Author retains the copyright and grants the journal the right of first publication of the work simultaneously licensed under the Creative Commons Attribution-ShareAlike 4.0 License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal
  • Author is able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book) with the acknowledgement of its initial publication in this journal.
  • Author is  permitted and encouraged to post his/her  work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of the published work (See The Effect of Open Access).

Read more about the Creative Commons Attribution-ShareAlike 4.0 Licence here: https://creativecommons.org/licenses/by-sa/4.0/.