Monthly Management Accounts
Companies incorporated in onshore jurisdictions usually have to prepare and file annual accounts as standard practice. In many cases, these accounts are required to undergo an audit.
In many offshore jurisdictions today, it is a criminal offence for companies who fail to keep sufficient financial records that explain the company’s transactions.
How can you ensure you properly comply with the annual reporting requirements in your chosen jurisdiction? The best option is to maintain monthly management accounts. The recommended documents to be included in the monthly management accounts are the cash flow statement, balance sheet, and the income and expenditure statement.
Europe Emirates Group’s experienced chartered accountants can provide you with tailored and complete accounting services, ensuring you can make the right decisions for your entity and identifying full legal compliance in the jurisdiction in which you operate.