has a favorable fiscal climate and many investors choose to open companies here. Regardless of the type of company or business sector, all Dutch companies
must observe the generally applicable rules for paying taxes and tax compliance in the Netherlands
. Our expert Dutch accountants
can help you with various services, including bookkeeping services in the Netherlands
After a company is registered in the Netherlands
and it begins its commercial activities, it must observe all the regulations for financial reporting
available in the country. The tax year is generally the same as the calendar year in the Netherlands
and companies need to file annual financial statements. As a foreign entrepreneur in the Netherlands
it is advisable to seek the help of a Dutch accountant
or employ professional bookkeeping services
What is bookkeeping comprised of in the Netherlands?
designates a set of accounting procedures
that must be performed by any commercial operator. Bookkeeping
represents a legal procedure that must also be kept by entities that do not have a commercial purpose – for example, foundations or non-profit organizations. It designates the set of procedures through which the financial records
of the entity are kept and recorded. Our accounting firm in the Netherlands
can assist with in-depth advice on the types of bookkeeping operations
that can be delivered to local and foreign entities, but some of the most common bookkeeping activities
are the following:
• recording the receipts issued for various goods and products the company delivers on the local market;
• recording the invoices of the company’s suppliers (and verifying such documents);
• processing the documents related to the salary of the employees (employees’ pay);
• creating the company’s compulsory financial reports and monitoring various documents;
• bookkeeping also deals with accounts receivables, paying the company’s suppliers and other common corporate transactions.
Bookkeeping requirements in the Netherlands
deals with the recording of all financial transactions
and it is an important part of the accounting process
have various methods for performing their activities and these methods are usually adapted to the type of Dutch company
and its financial activity.
Our Dutch accountants
can provide professional bookkeeping services
and constantly monitor the activity of your business to ensure that everything is running smoothly and every financial aspect is taken care of. The activities that are monitored in bookkeeping
are: purchases, sales, receipts and payments, either individual or made through the company.
A Dutch bookkeeper can make sure that your daily financial transactions are closely monitored and documented. He or she usually records the daily activity in a daybook. Also, Dutch bookkeepers can also deal with ledgers, however, bookkeeping usually deals only with financial transactions and their financial influence on the individual or company. Bookkeeping systems can be manual or electronic.
Accounting services in the Netherlands
Our Dutch accountants
can provide complete bookkeeping services
and offer you other financial solutions, designed to fit the needs of a natural person or a legal entity. Our accountants
can assist small businesses, including sole traders, but they can also provide accounting services
to large, multinational corporations. Some of the most common accounting services
that can be offered by our Dutch accounting firm
are the following:
• tax registration and compliance in the Netherlands - all businesses in the Netherlands have to be registered for tax purposes and provide various financial documents, depending on their legal structure;
• debt monitoring and risk assessment – companies can face a wide range of risks in a given period of time, which can vary based on the economic sector in which they activate, management decisions and others associated factors;
• accounting and annual tax fillings – our Dutch accountants can provide a clear understanding of the schedule for submitting various financial documents and tax returns;
• audit services and payroll services – the audit represents an accounting procedure that must be completed by most of the Dutch businesses;
• company management in the Netherlands – it represents a major component which has a strong influence on the outcome of a business.
What should an investor know on the Dutch accounting system?
is a part of the Dutch accounting system
and it generally refers to the methods and the practices that are used in order to register all the required financial operations
of the company, as per the applicable law. As a part of the Dutch accounting system
must be done following the applicable procedures, which are mainly given by the accounting standards
that are applicable in this country.
Businessmen who want to start a company in the Netherlands or those who want to expand a foreign business on the local market should know that bookkeeping must keep the track of all the company’s records that are registered throughout the financial year, which, in the Netherlands, coincides with the calendar year.
The bookkeeping procedures
that must be maintained by a local business follow the International Financial Reporting Standards (IFRS)
, which represent accounting procedures
that were adopted at the level of the European Union (EU). However, in the case of small businesses registered in the Netherlands
, their accounting principles
(and thus, their bookkeeping procedures
) can vary.
A small Dutch company
can choose to follow the Dutch Civil Code (Book 2)
, the Dutch Accounting Standards
for small entities or for medium-sized companies, or the IFRS principles combined with parts of the Dutch Accounting Standards
. Our team of accountants in the Netherlands
can provide more details on how to select the appropriate accounting principles
for a small business. It is also worth knowing that the accounting regulations
are prescribed by the Dutch Accounting Standard Board
, the main regulatory body in the field.
How should bookkeeping be done in the Netherlands?
Bookkeeping records the company’s financial situation and, therefore, the procedures and methods used by any accountant should provide a clear image on the company’s transactions and its financial status at a given moment. The regulations concerning the Dutch bookkeeping procedures stipulate that the financial information that is delivered by a company has to be clear, reliable and comparable, these being compulsory requirements.
Furthermore, all the bookkeeping documents
have to be completed following the accounting principles
that are established in this country. Businessmen must also know that the bookkeeping procedures
depend based on the legal entity of the company (some company types are not required to publish their financial statements
, as it is the case of the limited liability company, for example).
If you are interested in investing in the Netherlands
and need professional accounting services
, our team of Dutch accountants
is ready to provide the best possible accounting and bookkeeping services in the Netherlands
. Please contact our accountants
for a personalized offer and for a full presentation on the bookkeeping services
that can be provided in the Netherlands