On 16 September 1975 Papua New Guinea took its flag, its name and its
future into its own hands. Fifty-one years on, the work our founders
started is not finished — because a country is not truly
independent until its economy is its own.
Political independence was won in a single day. Economic
independence is won one business at a time — by the
trade store in Goroka, the PMV operator in Lae, the guesthouse in
Kokopo, the security firm in Port Moresby, the coffee block in the
Highlands and the fishing crew in Kavieng. Every one of them is a
piece of the national economy. Every one of them keeps a family, a
clan, a village going.
And nearly every one of them lives or dies on the same thing:
the books. Not the product. Not the customers. The
books. A business that cannot see its own cashflow cannot survive a
slow month. A business without records cannot answer the IRC, cannot
lodge its GST, cannot pay its Salary or Wages Tax with confidence,
and cannot walk into a bank and ask for the loan that would take it
from five staff to fifty. Good bookkeeping is not paperwork. It is
the lifeline of business survival.
And here is the hard truth: most Papua New Guinean businesses do not
keep their books badly because they do not care. They keep them badly
because proper double-entry accounting has always demanded a trained
accountant, and there are not enough of them to go around —
certainly not in every district and every trade store in this country.
So the answer could never be to ask harder. The answer had to be to
automate the accounting itself.
That is what BukMasta is: a complete Automated Accounting
System. You do the thing you already do — raise the
invoice, record the payment, ring up the sale, run the fortnight’s
payroll — and the system does the accounting behind it. The debits
and credits post themselves. The stock moves. The cost of sale is
worked out. The GST is captured on every transaction as it happens, so
your Form G1 is built from entries already recorded rather than
reconstructed from a shoebox at the end of the period. Your accounts
stay balanced because nothing was ever entered by hand to get out of
balance.
And then it files. On the due date BukMasta fills the IRC’s own
G1 with your figures and lodges the return for you,
keeping the reference, the timestamp and the exact form that went as
your proof of filing. Missing a GST deadline is one of the commonest
and most expensive mistakes a small business in this country makes, and
it is almost never deliberate — it is a busy owner with a shop to
run and a date that came around. So we took the date off the
owner’s shoulders. You cannot forget a deadline the
software meets for you.
For too long, that lifeline has been imported — foreign
software, priced in foreign currency, built for foreign tax systems,
supported from foreign time zones, and out of reach of the very
businesses that carry this country. So we built our own. BukMasta is
made in Papua New Guinea, for Papua New Guinea: kina
first, GST Form G1, Salary or Wages Tax, fortnightly payroll,
superannuation, and a price an ordinary PNG business can actually
afford.
We are releasing it on the eve of Independence Day on purpose. This is
our contribution — a small one beside what our founders gave,
but ours to give: put a proper, automated set of books in the
hands of every business in the country, whether or not it can
afford an accountant, and let the strength of the national economy be
built from the ground up, by Papua New Guineans, on their own terms.
“They gave us the flag. Let our generation give the nation
strong books to stand on.”
The double entry posts itself
Invoices, bills, payments, POS sales, payroll runs, loans and bank
fees each write their own balanced journal the moment you save them.
No manual postings, no month-end catch-up.
GST captured as you trade
Output and input tax are recorded on every transaction as it
happens, so your Form G1 is assembled from entries already posted
instead of rebuilt from paper at the end of the period.
Lodged with the IRC automatically
When the period closes, BukMasta fills the G1 and lodges it with the
IRC on your behalf — on the due date, without you remembering.
Your obligation is met, and the return keeps the reference, the date
and the exact form that was filed as your proof.
Every business, not just the big ones
Trade stores, tucker shops, contractors, churches, NGOs, cooperatives
and SMEs — the tools that used to be reserved for corporates,
priced for everyone.
Built to PNG law
GST and Form G1, Salary or Wages Tax with dependant declarations,
fortnight pay periods and superannuation — the filings this
country actually runs on.
Records that open doors
Clean, exportable financial statements — what a bank, an
investor or a tender committee needs to see before they back a
Papua New Guinean business.