Accounting & Bookkeeping ยท KBLI 64992

Fintech & P2P Lending Accounting

Fintech lending and P2P have unique accounting characteristics: loans given must be measured with Expected Credit Loss (ECL), origination fees amortized over loan tenor, and reporting to OJK must be consistent with accounting standards. Arunika Consulting helps fintech lending prepare financial statements compliant with SAK and OJK regulations.

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What usually goes wrong

  • ECL Loss Allowance

    PSAK 71 requires forward-looking loss allowances (ECL) which are complex for loan portfolios.

  • Fee Recognition

    Origination fees and late payment fees must be recognized with different methods: amortization vs when incurred.

  • Dual Reporting to OJK

    Fintech must prepare PSAK financial statements and OJK prudential reports with different formats.

What we do

  1. 01

    ECL/CKPN Model

    Structuring Expected Credit Loss models based on historical NPL, collectibility, and macro factors.

    • PSAK 71 compliance
    • Accurate allowances
    • Audit ready
  2. 02

    Structured Revenue Recognition

    Setup of revenue recognition for various fee types: origination, servicing, late fee, and recovery.

    • Accurate revenue
    • Matching principle
    • Investor transparency
  3. 03

    OJK Report Integration

    Mapping between financial statements and OJK prudential reporting format (LKPBU).

    • Data consistency
    • Timely reporting
    • Reduced sanction risk

Related regulations

  • SAK EP

    Private Entity Financial Accounting Standards

    Reporting framework for unlisted fintech lending, effective 2025.

  • PSAK 71

    Financial Instruments

    Standard for recognition and measurement of loans given and loss allowances (ECL).

  • POJK 10/2022

    Information Technology-Based Lending Services

    OJK regulation governing financial reporting and prudential fintech lending.

If the tax office starts asking questions

The team that keeps your books and files your taxes also stays with you through an SP2DK, an audit, an objection and an appeal.

How we handle tax disputes

Frequently Asked Questions

What is the difference between ECL and loan provision?

ECL (Expected Credit Loss) is the PSAK 71 term for forward-looking loss allowances. Provision is the general term for allowances.

How to record origination fees?

Origination fees cannot be recognized immediately as revenue. Must be amortized over loan tenor using effective interest rate.

Is fintech lending required to be audited?

Yes. POJK requires fintech lending to be audited by public accountants and submit audit reports to OJK.

How do accounting services improve operating cost efficiency?

Accurate, timely financial reports help you spot cost leakage, monitor margins by product or service, and make data-based decisions.

Can financial reports be accessed in real time?

Yes. We use cloud accounting systems so you can monitor cash flow, profit and loss, and business performance from anywhere.

How do you ensure reports are ready for external audits or banks?

Reports are prepared with clear documentation and traceable transaction data.

Related Industries

Tell us about your business

Send your line of business, rough annual turnover, and what is going wrong. We reply on WhatsApp.

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