Accounting - Professional and Records [SYC]

[respect]

Hey,


Pretty active this morning


Regarding to accounting in Seychelles IBC I have read that accounting could be done in a really simple way.


Accounting records should be:


a. Sufficient to show and correctly explain the Entity’s transactions;


b. Enable the financial position of the Entity to be determined with reasonable accuracy at any time


c. Enable for accounts of the Entity to be prepared.


So my question is...do I really need a professional accountant to keep track of my records or I can just use excel sheets or QuickBooks by myself?


Where should I keep accounts/financial records?


Thanks

 

[lavel]

What accounting? LoL you don't need that, forget it, no one will ever ask about it! Never did accounting for my company, in case they ask I will pull some excel sheet to them with 2 expenses

 

[JohnLocke]

You don't need any professional accounting! Actually you only need to sign a letter where the accounting is kept if someone ever will ask for it.

 

[respect]

Great! It is awesome to hear that. Thanks

 

[pulledoffshore]

Accounting, what is that? never done it never been asked for it. Happy owner of a SC corp since 2012

 

[JohnLocke]

Anyway it is very easy to maintain accounting should you ever be asked for it. You would be surprised what it looks like when you compare it to other countries and their accounting rules.

 

[Propeller]

Honestly I have never been asked for any accounting so far since 2005 !

 

[myhand]

Never been asked for something like that, only 1 form has been completed and signed and returned and thats it!

 

[negon]

If accounting is not required why is the agent asking for where it is maintained+ they are asking for an address?

 

[lostguy]

can some clarify if accounting is required when doing business using a Seychelles company?

 

[yalil]

I had a Seychelles company from 2010 - 2012 never had to do any accounting stuff or tell someone where it is.. is this something new?

 

[ghostbuster]

So no accounting is required for a Seychelles company? it means it is required by law and you have to tell where it is kept but in real live no one will ever ask for it correct!

 

[jorge]

I was obvious believing that I had to do accounting for my Seychelles company. That's what my Agent told me I had to!

 

[walterz]

What accounting? LoL you don't need that, forget it, no one will ever ask about it! Never did accounting for my company, in case they ask I will pull some excel sheet to them with 2 expenses

Are you sure you never did accounting in your company? So how do you manage your company tax?

 

[allan]

You only need to provide an address typically your own to the Agent that will forward it to the Seychelles registry of companies for their records!

 

[Sansa]

Having a professional accountant is the best way to go. They can handle your account and protect them from possible threats and danger. Just pick a good accountant and you don't have to worry anymore.