International Financial Reporting Standards (IFRS) is an international accounting framework for the preparation of public company financial statements, and is followed by most countries.
Bookkeeping and accounting together add value to your business. They help to show you the real picture of your financial status. Accounting and bookkeeping don’t only serve the owner but act as legal safekeeps for the court of law. Shareholders and stakeholders get assistance from the books of accounts to know about the company. Systematic and well-organized accounting services help a business to carry out its day-to-day transactions smoothly.
Switzerland follows its own specifics in accounting and bookkeeping. The country is not subject to EU International Accounting Standards as it is not a member state of the European Union. All Swiss incorporations must register at the Swiss trade registry and comply the accounting standards according to Swiss GAAP outlined by an accountant of Switzerland.
The new Swiss Financial Reporting law came into force in January 2013 to increase the transparency and strengthen the rights of shareholders in Switzerland. One needs to follow certain accounting requirements in Switzerland:
In Switzerland, small businesses are required to conduct bookkeeping if they have an annual income of more than CHF 1 million and above. Individual entrepreneurs and small companies need to follow the following bookkeeping requirements:
Business Setup Worldwide provides a wide spectrum of accounting and bookkeeping services that help you understand the financial picture of your business. Our services include:
The benefits of accounting and bookkeeping services are:
Business Setup Worldwide is a management & consulting firm that helps entrepreneurs start their business in the international market. We provide a variety of services, ranging from accounting, finance, legal assistance, and tax advisory.
Our experts assist you in understanding the financial norms of a foreign land. They act as a guide and take care of the financial ground and set your free from financial headache. Business Setup Worldwide provides a wide range of financial and accounting services in Switzerland including accounts payable & receivable, preparation of financial reports, planning, forecast and many more.