OFFERS ADAPTED TO ALL SIZES COMPANIES

JUNIOR BOOKKEEPER

75
  • Regulatory Compliance 🏛️🗂️
  • Provide clear Reports 📄🔍
  • Accurate bookkeeping entries 📊✅

SENIOR BOOKKEEPER

150
  • Precision Record-Keeping 📊✅
  • Ensure seamless regulatory 🏛️🗂️
  • Insightful Reporting 📄🔍
01

Documents classification

Collect and classify all your accounting documents: invoices, quotes, receipts, purchase orders, deposits, reminders, etc

02

Meet Payment Deadlines

Bookkeeping goes hand in hand with punctuality and compliance with payment deadlines and about the payment of invoices, the balance sheet closing date and all Tax obligations.

03

Select an accounting software

If you choose to internalize your bookkeeping, you will have to invest and learn how to use accounting software such as DEMASI, BOB50 or ODOO for accounting.

04

Keeping your accounting up to date

Accounting management, all transactions must be booked as soon as it occurs: i.e. on the day it occurs. Especially if you're a sole proprietorship. Law in Luxembourg request to maintain journal on a daily basis. Tackling your accounting too late can be catastrophic for the closing of your company's annual accounts.

05

Ask review from accountant

CEO calls on Financial Services and outsources their company's Bookkeeping to concentrate on their business and make sure they know where their money is going. A company that keeps its accounts up to date complies with Luxembourg law.

 Collect Data All Accounting Documents

Optimize the collection of accounting documents to ensure data accuracy and compliance with regulations.

 Check accounting documents

Conduct thorough reviews of accounting documents to identify discrepancies, errors, and fraudulent activities.

 Invoice preparation client

Let our invoice preparation service handle the complexities of creating and organizing your invoices, so you can concentrate on growing your business.

 Accounting Data entry

Our accounting data entry service ensures accurate and timely entry of financial transactions into your accounting system, freeing up your time to focus on growing your business.

 Suppliers payment preparation

With our suppliers payment preparation service, you can eliminate manual processes and reduce errors in your supplier payment processing.

 Bookkeeping Review

Bookkeeping Review offers meticulous scrutiny of financial transactions and statements to identify errors and discrepancies.

 Balancesheet

Balancesheet ensures accuracy and clarity in your financial health, enabling you to make informed decisions with confidence.

WHAT IS PRE-ACCOUNTING?

WHAT IS PRE-ACCOUNTING?

27/05/2024

Pre-accounting, by definition, refers to all the steps that precede the intervention of the chartered accountant. It includes the collection, retrieval, filing and export of accounting documents.

Read More
WHAT ARE THE MAIN STEPS OF BOOKKEEPING ENTRY?

WHAT ARE THE MAIN STEPS OF BOOKKEEPING ENTRY?

27/05/2024

Accounting entry is an essential function for all companies. It includes recording transactions in financial statements for general and specific purposes.

Read More
HOW TO CHOOSE YOUR ACCOUNTING SOFTWARE?

HOW TO CHOOSE YOUR ACCOUNTING SOFTWARE?

27/05/2024

On the market, there is no shortage of accounting software offers: BOB50, DEMASI, ODOO, QUICKBOOKS, SAP...

Read More
HOW DO I RECORD A SUPPLIER INVOICE IN ACCOUNTING?

HOW DO I RECORD A SUPPLIER INVOICE IN ACCOUNTING?

27/05/2024

Any financial transaction that impacts a company's accounts must be accounted for, and therefore recorded. This is the case when the company issues an invoice, but also when it receives a supplier invoice.

Read More
ACCOUNTING IMPUTATION: EACH ACCOUNT HAS ITS OWN DESTINATION

ACCOUNTING IMPUTATION: EACH ACCOUNT HAS ITS OWN DESTINATION

27/05/2024

Accounting allocation consists of assigning an account to a transaction (purchase, sale, etc.) according to its nomenclature. In concrete terms, it is a question of assigning one or more accounts to the company's chart of accounts.

Read More
Bookkeeping is mandatory for companies in Luxembourg due to several key reasons, as outlined by the country's legal framework:

  1. Legal Compliance: Luxembourg's commercial law, specifically Article 12 of the Commercial Code, mandates that all companies must maintain accurate and detailed financial records. This ensures transparency and accountability in business operations.
  2. Tax Obligations: According to the General Tax Law (Loi générale des impôts), businesses are required to keep proper bookkeeping records to facilitate accurate tax reporting. This helps in preparing and filing tax returns accurately and on time, thereby avoiding penalties and fines.
  3. Financial Management: Bookkeeping provides a clear picture of a company's financial health. It allows businesses to track income, expenses, and profitability, facilitating informed decision-making and strategic planning.
  4. Audit Requirements: Under the Law of 19 December 2002 on the Trade and Companies Register and the Accounting and Annual Accounts of Undertakings, certain types of companies, particularly larger ones, are subject to regular audits. Detailed and accurate bookkeeping is crucial for auditors to verify financial statements and ensure they reflect the true financial position of the company.
  5. Investor Confidence: Maintaining thorough financial records builds trust with investors and stakeholders. It demonstrates good governance and financial stability, making the company more attractive to potential investors and partners.
  6. Risk Management: Proper bookkeeping helps in identifying financial discrepancies, fraud, or errors early. This enables businesses to address issues promptly, safeguarding their financial integrity.
In summary, bookkeeping is mandatory in Luxembourg to ensure legal compliance, accurate tax reporting, effective financial management, audit readiness, investor confidence, and robust risk management, as per the relevant articles of the Luxembourg Commercial Code and General Tax Law.


Yes, companies in Luxembourg must adhere to the Luxembourg Generally Accepted Accounting Principles (LUX GAAP). Some companies may also need to comply with International Financial Reporting Standards (IFRS) if they are part of a larger international group or listed on the stock exchange.  
According to Luxembourg law, companies must retain their financial records for a minimum of 10 years. This is stipulated in the Commercial Code and the General Tax Law to ensure records are available for legal and tax audits.
Non-compliance with bookkeeping requirements can result in significant penalties, including fines and potential legal action. The severity of the penalty depends on the extent of non-compliance and whether it leads to inaccurate tax reporting or other financial misstatements.
Bookkeeping should be performed regularly to ensure accuracy and up-to-date records.
Typically, companies in Luxembourg maintain their books on a daily, weekly, or monthly basis, depending on the volume of transactions.
Yes, many companies choose to outsource their bookkeeping to professional accounting firms.
Outsourcing can provide expertise, ensure compliance, and allow businesses to focus on core activities.
Companies in Luxembourg often use accounting software such as SAP, QuickBooks, Xero, BOB50 and ODOO.
These tools help streamline bookkeeping processes, ensure accuracy, and maintain compliance with legal requirements.
Bookkeeping provides a clear and detailed picture of a company’s financial health. It allows for accurate tracking of income and expenses, aids in budgeting and forecasting, and supports strategic decision-making.
A bookkeeper in Luxembourg is responsible for maintaining accurate financial records, managing accounts payable and receivable, reconciling bank statements, preparing financial statements, and ensuring compliance with tax and accounting regulations.
When hiring a bookkeeper or accounting firm, look for qualifications, experience with Luxembourg's accounting and tax laws, proficiency in relevant accounting software, and a track record of reliability and accuracy.