Accounting & Bookkeeping ยท KBLI 64192

Cooperative & BMT Accounting

Savings and loan cooperatives and BMT have special accounting characteristics: equity comes from member primary and mandatory savings, as well as reserves from undistributed SHU. Recording must separate savings as liabilities or equity according to their nature. Arunika Consulting helps cooperatives prepare financial statements according to SAK EP and Kemenkop guidelines so AGM runs smoothly.

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What usually goes wrong

  • Member Savings Classification

    Primary and mandatory savings are recorded as equity, while voluntary savings that can be withdrawn anytime are liabilities.

  • SHU Calculation and Distribution

    Remaining Operating Results must be calculated accurately and distributed according to bylaws: reserves, education fund, social fund, and member share.

  • Bad Debt Allowance

    Member loans in arrears need evaluation and bad debt allowance formation (CKPN) according to standards.

  • Reporting for AGM

    Financial statements must be ready and accountable in the Annual Members Meeting.

What we do

  1. 01

    Cooperative Account Structure

    Preparing chart of accounts separating primary, mandatory, voluntary savings, reserves, and current year SHU.

    • Capital transparency
    • Clear SHU distribution
    • AGM reports ready
  2. 02

    Member Loan Management

    Recording of loans, interest, and installments per member with aging and collectibility.

    • NPL monitored
    • Targeted collection
    • Controlled credit risk
  3. 03

    SHU Calculation and Allocation

    Calculating SHU based on member savings services and loan services according to cooperative bylaws.

    • Fair distribution
    • Regulatory compliance
    • Member satisfaction

Related regulations

  • SAK EP

    Private Entity Financial Accounting Standards

    Financial reporting framework for private entities including cooperatives, effective January 1, 2025.

  • PSAK 50

    Financial Instruments: Presentation

    Classification of member savings as liabilities or equity based on instrument characteristics.

  • Permen KUKM 13/2015

    Cooperative USP Accounting Guidelines

    Special accounting guide for cooperative savings and loan units from Ministry of Cooperatives and SMEs.

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 primary, mandatory, and voluntary savings?

Primary savings are paid once when becoming a member, mandatory savings are paid regularly (monthly), both recorded as equity. Voluntary savings can be withdrawn anytime so recorded as liabilities.

How to calculate SHU per member?

SHU is divided based on savings services (proportion of savings balance) and loan services (proportion of interest paid) of each member to total cooperative.

Do cooperatives need to make bad debt provisions?

Yes. Cooperatives must form CKPN (Loss Allowance for Value Reduction) for loans with declining collectibility according to credit risk evaluation.

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.

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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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