Optimizing Zakat Accounting Based on PSAK No. 109: A Case Study of Financial Reporting at BAZNAS Subang District for the Period 2021-2022

Abstract

The drastic decrease in the collection performance of ZIS-DSKL funds indicates a decline in public awareness to give zakat through the Zakat Management Organization (OPZ). Therefore, it is necessary to maintain accurate records that reveal the entire amount of funds collected and distributed. This research aims to understand the recording, measurement, and assessment of zakat and charity (infak/sedekah) by BAZNAS in Subang Regency. Additionally, it seeks to examine the management and allocation of ZIS funds received during the period from 2021 to 2022, as well as the financial report of amill zakat in Subang Regency based on PSAK No. 109. The research utilizes qualitative research methods, conducted at the National Zakat Agency (BAZNAS) of Subang Regency, with the research object being the financial reports of BAZNAS Subang Regency. Data analysis techniques involve data collection, data reduction, and presentation. The research findings indicate that the Zakat accounting practices prepared by BAZNAS Subang Regency comply with PSAK No. 109, with financial reporting recorded using Microsoft Excel and utilizing the Baznas Management Information System (SIMBA) for revenue and distribution.