Last modified:Thursday 2 September 2021
what are your company's accounting obligations?
Not all companies are covered by the same accounting regime, and so their obligations vary depending on:
- their legal form,
- their activity sector,
- their turnover,
- their final balance,
- the number of people employed.
Based on those characteristics, we can define four main company categories:
Sole proprietorship, which can make use of simplified accounting.
Micro-companies, which can prepare simplified annual accounts according to a micro-scheme specially designed for them.
Small companies, which must provide comprehensive double accounting and can opt for a simplified scheme.
Large companies, which must provide their annual accounts according to a comprehensive scheme.
What are the obligations for non-profit organizations and foundations?
A non-profit organisation is legally obliged to keep accounts and draw up annual accounts. As to the system used, that depends on the size of the association: small, large, or very large.