Accounting & Bookkeeping KBLI 64992 Risk High

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.

Common Challenges

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.

Our Solutions

1

ECL/CKPN Model

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

  • PSAK 71 compliance
  • Accurate allowances
  • Audit ready
2

Structured Revenue Recognition

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

  • Accurate revenue
  • Matching principle
  • Investor transparency
3

OJK Report Integration

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

  • Data consistency
  • Timely reporting
  • Reduced sanction risk

Related Tax 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.

Need Help with Fintech & P2P Lending Accounting?

Consult your bookkeeping and tax needs with our professional team. Free initial consultation.

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Fintech & P2P Lending Accounting Consulting Services Across Indonesia

We support clients in major Indonesian cities. Find a location-specific service page for your area.

Bali

Banten

DKI Jakarta

Daerah Istimewa Yogyakarta

Jawa Barat

Jawa Tengah

Jawa Timur

Kalimantan Barat

Kalimantan Selatan

Kalimantan Timur

Kepulauan Riau

Riau

Sulawesi Selatan

Sulawesi Tengah

Sulawesi Tenggara

Sulawesi Utara

Sumatera Utara

Sumatra Selatan

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 by qualified accounting professionals with clear documentation and traceable transaction data.

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