Now that you've chosen your company's legal status, it's time to look at your accounting obligations.
Each company has its own specific accounting obligations, depending on its status and tax regime. Let's take a look at the different options 🕵️ !
You represent a SARL, EURL, SAS or SASU 📃 :
| If you have a normal tax regime, you must : | If you have a simplified tax regime, you must : |
|---|---|
| Keep chronological records of all flows/transactions that have an impact on your company's assets (sales, purchases, banking transactions, cash, etc.). | Set up cash flow accounting during your financial year. |
| Set up a billing system that complies with certain criteria (e.g. compulsory information). | Only record receivables and payables at the end of your financial year. |
| Carry out an inventory at least once a year, to physically check the existence and value of the company's assets and liabilities. | |
| Keep accounting records and supporting documents for 10 years. |
You represent a sole proprietorship 🧑💻 :
In addition to the tax system, the accounting obligations of a sole proprietorship also depend on the nature of its business.
| If you have a normal real estate tax regime (BIC), you must : | If you have a simplified tax regime (RSI), you must : | If you have a micro-BIC or micro-BNC regime, you must : |
|---|---|---|
| Keep chronological records of all flows/transactions that have an impact on your company's assets (sales, purchases, banking operations, cash, etc.). | Set up cash flow accounting during your financial year. | Keep track of your income and expenses in different registers. |
| Set up a billing system that complies with certain criteria (e.g. compulsory information). | Only record receivables and payables at the end of your financial year. | |
| Carry out an inventory at least once a year, to physically check the existence and value of the company's assets and liabilities. | Make a simplified assessment of inventories and work-in-progress. | |
| Centralize accounting entries on a quarterly basis. | ||
| Deduct fuel costs on a flat-rate basis. |
You represent an Individual Limited Liability Company 👤 :
| If you have a normal real estate tax regime (BIC), you must : | If you have a simplified tax regime (RSI), you must : | If you have a micro-BIC or micro-BNC regime, you must : |
|---|---|---|
| Keep chronological records of all flows/transactions that have an impact on your company's assets (sales, purchases, banking operations, cash, etc.). | Set up cash flow accounting during your financial year. | Draw up a receipts book and a purchases register. |
| Set up a billing system that complies with certain criteria (e.g. compulsory information). | Make a simplified assessment of inventories and work-in-progress. | |
| Carry out an inventory at least once a year, to physically check the existence and value of the company's assets and liabilities. | Centralize accounting entries on a quarterly basis. | |
| Keep accounting records and supporting documents for 10 years. | Deduct fuel costs on a flat-rate basis. |
You represent an Association 👫 :
An association's accounting obligations depend on its size, activity, financing and whether or not it is profit-making.
An associative chart of accounts (which is an adaptation of the general chart of accounts) is required for :
- associations receiving more than €23,000 in public funding;
- associations funded by local authorities for more than 50% of their budget or for more than €75,000;
- associations receiving public subsidies from the State or local authorities in an annual amount exceeding €153,000;
- associations with an economic activity and meeting at least two of the following three criteria: balance sheet in excess of 3.1 million euros, balance sheet in excess of 1.55 million euros, workforce in excess of 50 employees;
- associations engaged in commercial activities and subject to taxation;
- associations of public utility ;
- associations that seekapproval from a public authority and are therefore subject to an agreement setting out the conditions of approval (unless a law specifies these conditions);
- associations whose exclusive purpose is assistance, charity, scientific or medical research, and which are recognized as such by decree;
- associations managing establishments in the health and social sector;
- associations ofassociations receiving payments through intermediary associations;
- associations appealing to public generosity;
- associations issuing securities;
- certain sports associations and groups ;
- political groups and election financing associations ;
- associations in recovery or liquidation.
This concerns less than 5% of associations, but for all that, it is strongly recommended that all associations keep a chart of accounts for the smooth running of the organization. 💯
Whatever your status, complying with your accounting obligations will ensure that your business is well managed and organized, so get ahead of the game right from the start! 🚀
In particular, Anytime can digitize all your expense reports to meet the requirements of the French tax authorities. Stored on a secure server, these documents will be kept for 10 years 🎉 . Click here to find out more!
