GuillermoRosés SRLU

The accounting system created for you will be responsible for recording every economic transaction carried out by your business. Examples of economic transactions include:

- Issuing an invoice.

- Collecting payment of an invoice from a customer.

- Recording an invoice from a supplier.

- Transferring money to a supplier.

- Paying fees to a bank.

- Recording a payroll.

- Paying taxes.

- Making a financial investment.

- Paying over withholdings to the tax authorities.

- Increasing the company’s capital.

- Distributing dividends.

- Drawing against a credit facility.

Regardless of whether these operations are carried out on a daily, weekly, monthly, quarterly or annual basis or are not subject to any particular timeframe, the accounting system that we will put in place for your company has two aims:

1. To comply with the current legislation on accounting records as laid down in the General Accounting Plan [Plan General de Contabilidad] or, where appropriate, the sector plan that applies to your business, functionally integrating the rules and regulations set out in the Commercial Code [Código de Comercio], the Public Limited Companies Act [Ley de Sociedades Anónimas], the Private Limited Companies Act [Ley de Sociedades Limitadas] and the Commercial Registry Regulations [Reglamento del Registro Mercantil].

In practice this means that if, for example, the Public Limited Companies Act lays down a maximum period of five years in which shareholders must pay capital contributions if they did not pay up the capital in full at the time when the company was formed, our task is to inform the client of the need to make these capital payments before the expiry of the deadline and then to record the payments in the books once they have been made. This integration of the rules and regulations is therefore much more than a mere “passive recording” of the operations.

2. Planning the opening of accounts so that two aims are achieved: (a) the company’s financial reports are issued on a regular basis and (b) in the event that your business belongs to a group of companies, to enable the mapping between the accounts of your business and the consolidated accounts of the group and to facilitate inter-group reconciliations.

As we can see, bookkeeping is like the raw material in a manufacturing process. It is essential both to ensure that your business complies with its legal obligations and to enable subsequent monitoring of your operations and results.

That is why we devote particular attention and dedication to this area of practice.

We will need authorisation from you to enable us to consult your bank accounts in order to establish account movements and we will need you to send us all relevant accounting documentation regularly, fully and periodically, either by e-mail or courier. We will then do the rest:  the bookkeeping and, as you will see from this website, all the services provided by a modern and efficient external finance department.