Accounting journal book in Morocco: an essential accounting tool

The Accounting journal book is an essential part of any business’s accounting. Indeed, this is valid whatever its size or sector of activity. The Accounting journal book allows:
  • First, to monitor financial flows;
  • Second, to make informed management decisions.

Article 1 of accounting law 09-88 in Morocco stipulates that: “Any natural or legal person having the status of trader within the meaning of the Commercial Code is required to keep accounts.” This accounting must be kept according to the rules and forms presented in the said law.

To this end, each trader or company must carry out the accounting recording of movements affecting the assets and liabilities of their company. In fact, these movements are recorded chronologically, operation by operation and day by day in a book called: Accounting journal book.

It is one of the most important tools for maintaining business accounts.

Any entry affects at least two accounts, one of which is debited and the other is credited with an identical amount. We’re talking about a double entry accounting.

The entries in the Accounting journal book are entered into a register called the “ledger” whose purpose is to record them according to the merchant’s chart of accounts.

In this article, we explore the essence of this accounting document in depth, examining its importance, features, and best practices for effective use.

What is the Accounting journal book ?

diary book

In the field of accounting , the accounting journal book is a pillar, essential for maintaining accurate financial records.

This tool, often underestimated, plays a crucial role in the systematic recording of all financial transactions. Its importance is unquestionable, as it not only ensures compliance with legal requirements, but also provides a clear picture of a company’s financial situation.

Understanding the Accounting journal book

The Accounting journal book, a fundamental document in accounting, chronologically records each financial transaction of a company.


In other words, it is an accounting document that records all the financial operations of a company. In fact, it plays the role of a chronological register which lists all the transactions carried out by the company. These operations include:

It’s more than just a registry; it’s the story of a company’s financial journey. Each entry in the Journal includes a detailed description, date and amount, ensuring a complete account of financial activities.

Indeed, each transaction that the company records must include:

  • First, a detailed description
  • Second, the date
  • and the amount.

It is used in conjunction with other accounting documents such as the general ledger and the balance sheet.

Together, these documents allow the company to track its financial flows and produce accurate financial statements.

Why is the accounting journal book important?

accounting journal book

It is an essential tool for keeping a company’s accounts for several reasons:

First, it allows the company to follow its financial flows:

It provides, in fact, provides a comprehensive view of the transactions carried out by the company over time.

This allows the company to monitor its financial flows and make informed management decisions.

Then, it facilitates the production of accurate financial statements:

Businesses use the journal in conjunction with other accounting documents to produce accurate financial statements such as the balance sheet and income statement.

Additionally, it helps detect errors and fraud:

This allows the company to verify the validity of each transaction. This can help detect errors and potential fraud, which is essential for maintaining the integrity of company accounting.

Finally, the law requires it to be held:

In Morocco, keeping this book is a mandatory document for all companies.

The company must keep it for a period of 10 years. This document forms the basis of a tax audit . Indeed, accounting is the basis for determining the taxable base for corporate tax and value added tax .

The absence of this document may constitute grounds for rejection of accounting .


How to use the accounting journal book ?

The company must keep this register updated regularly to reflect all financial transactions of the company.

Indeed, each transaction must be recorded in the journal with a detailed description, date and amount.

Furthermore, it is important to be accurate and complete when recording transactions. Indeed, this helps avoid any confusion or subsequent errors. It can be held manually or electronically.

In either case, it is important to follow a consistent method for recording transactions so that the journal book is easily understandable and usable.

It is also important to check it regularly for any errors or potential fraud .

Errors can be corrected by making adjustments to the general ledger, while fraud must be reported to the appropriate authorities.

What you should remember

Best Practices for Using this Registry

  • Regular Updates : Keep the Journal updated to accurately reflect all financial transactions.
  • Accuracy and Completeness : Ensure that each entry is detailed and clear to avoid future confusion or errors.
  • Consistent Methodology : Whether manual or digital, maintain a consistent approach to recording transactions.
  • Regular Verification : Check it periodically for possible errors or fraudulent activities.

Common Mistakes and How to Avoid Them

  • Neglecting Regular Updates : Omitting regular entries can result in inaccuracies. Establish a routine for updating it.
  • Inconsistency in Scripture : Consistency in the details of transactions is essential. Standardize the format for all writing.
  • Skip Audit : Regular audits of this register can prevent discrepancies and fraud in the long term.


Why is this book important? What are the risks in the event of non-maintenance or irregular maintenance?

In Morocco, keeping a certain number of accounting books is obligatory for all companies.

The company must keep them for a period of 10 years. These documents constitute the basis of a tax audit . Non-compliance with this requirement may constitute grounds for rejection of accounting .

The risk of rejection of accounting in Morocco for non-compliance with the requirements of Law 09-88 is a crucial issue for companies operating in this country.

Law 09-88, which governs business accounting in Morocco, imposes strict standards to ensure the transparency and regularity of accounting operations. Failure to comply with these standards can result in severe consequences, including rejection of the company’s accounting by the tax authorities.

Accounting rejection is a situation where tax authorities refuse to accept a company’s accounting records due to insufficient or inaccurate information provided. This rejection can have major implications, including tax adjustments, penalties and fines, which can significantly affect the financial health of the company.

One of the key requirements of Law 09-88 is the keeping of an accounting journal book, which records all of the company’s financial transactions chronologically. This document must be maintained with accuracy and integrity, as it forms the basis of the company’s entire accounting system. The journal must faithfully reflect all financial transactions, thus allowing easy traceability and verification by the competent authorities.

Additionally, the law requires businesses to keep their accounting records, including the journal, for a minimum period, usually ten years. This retention allows the tax authorities to carry out retrospective checks and controls. Failure to comply with this retention obligation may also lead to rejection of the accounting.

The risk of accounting rejection also extends to the accuracy and completeness of records. Errors, omissions or inconsistencies in accounting records may be interpreted as attempts to conceal or manipulate financial data, which may lead to suspicion of fraud or tax evasion.



What is the primary purpose of the accounting journal book in accounting?
The Journal Book primarily records all financial transactions of a business in chronological order, thereby contributing to the accuracy and compliance of financial reporting.

How often should the accounting journal book be updated?
It should be updated regularly, ideally daily, to ensure that all transactions are recorded accurately and up to date.

Can the Journal help detect financial fraud?
Yes, regular review of the Journal can help detect discrepancies and potential financial fraud.

Is keeping this document legally obligatory?
In many countries, keeping a Journal is a legal requirement for businesses, essential for tax and auditing purposes.

What are the risks of not maintaining this document?
Failure to maintain a Journal may result in legal penalties, inaccurate financial reporting, and difficulty in financial decision-making.