1. Start and run Business
  2. Accounts and auditing

Accounts and auditing

Accounting

Do I need an auditor?

Any enterprise required to submit audited annual accounts must have an auditor. Whether a business is subject to an audit requirement depends on factors such as its legal structure and size.

Do I need an accountant?

There is no law stating that you must use an accountant to keep your accounts. You are responsible for ensuring that your enterprise's account are kept correctly. If you have the necessary knowledge, time and interest, you are free to prepare your own accounts.

Reminders and debt collection

If your customers do not pay up, you will soon start losing money. It is therefore important to follow-up trade debtors continually.

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