Cayman Islands Bookkeeping & Accounting
Expert financial record-keeping for Cayman Islands companies. We handle the detail of your accounts so you maintain clarity and stay on track with all requirements.
- Day-to-day bookkeeping with scheduled reconciliation
- Detailed financial report generation
- Annual reporting and tax compliance management
- Named account representative for direct support
Record-Keeping Requirements for Cayman Companies
Key legal obligations your Cayman Islands company must meet to maintain accurate and compliant financial records.
Required for Economic Substance reporting
Not required for Cayman exempt companies
No corporate income tax in the Cayman Islands
Minimum document retention
Record-Keeping Obligations
The Companies Act requires every Cayman Islands company to maintain proper books of account that correctly record and explain the company's transactions, allow the financial position to be determined with reasonable accuracy, and support the preparation of financial statements.
What Records Must Be Kept
- Entries for all sums received and expended
- A current record of assets and liabilities
- Contracts, invoices, and payment records
- Financial statements and reports
- Minutes of directors' meetings
- Records of shareholder resolutions
Where Records Can Be Kept
Penalties for Non-Compliance
- Fines and sanctions against the company and its directors
- Directors risk personal financial liability
- Potential removal from the Register of Companies
- Negative effects on banking access
- Hindrances during regulatory and due diligence reviews
Expert Accounting and Financial Services for Cayman Companies
Our range of accounting services spans daily bookkeeping through annual financial statements, freeing you to focus on strategic priorities.
Bookkeeping
Meticulous record-keeping that ensures your Cayman company's books are always organised and audit-ready. We use professional accounting software to track and classify every transaction.
Transaction Recording
Accurate capture and categorisation of all transactions within your accounting system
Bank Reconciliation
Periodic bank account reviews to confirm balances and catch any inconsistencies
Accounts Payable/Receivable
Oversight of supplier payments, customer invoicing, and receivables tracking
Monthly Close
Structured month-end closing with fully reconciled accounts and verified balances
Financial Statements
Precisely prepared financial statements that satisfy international reporting standards. We ensure your Cayman company's financials tell the full story, clearly and accurately.
Balance Sheet
Clear presentation of financial position including assets, liabilities, and equity
Income Statement
Thorough overview of earnings, costs, and net income or loss for the period
Cash Flow Statement
Analysis of how cash flows through your business across key activity categories
Annual Accounts
Complete annual financial reports prepared according to recognised accounting frameworks
Management Reporting
Data-driven management reports that bring clarity to your Cayman company's finances. Use timely insights to guide strategic decisions with confidence.
Monthly Management Accounts
Regular reports capturing essential metrics and financial performance data
Budget vs Actuals
Analysis of how actual results measure up against your budget projections
Custom Reports
Personalised financial reports aligned with your business priorities and KPIs
Compliance Support
Stay compliant with Cayman Islands financial regulations through structured support. We handle the preparation of records and documentation required for your company's obligations.
Economic Substance Reporting Support
Support in preparing the financial records and documentation needed for substance reporting
Registered Agent Liaison
Coordinating with your registered agent for compliance submissions and information requests
Audit Preparation
Assembling records and preparing supporting schedules ahead of external audits
Payroll Services
Smooth, accurate payroll processing for your Cayman company. From employee salaries to contractor invoices, we keep payments running without a hitch.
Salary Processing
Full-cycle payroll management from calculation through to payment and record-keeping
Contractor Payments
Management and tracking of invoices and payments for independent contractors
Time to get your Cayman company's accounting sorted?
From daily bookkeeping to year-end statements, we deliver accurate and timely financial management.
Why Cayman Companies Need Professional Accounting
Strong financial management is the foundation of regulatory compliance, stakeholder trust, and strategic business growth.
Regulatory Compliance
Cayman Islands companies must maintain adequate financial records under local corporate law. Professional accounting helps you satisfy these obligations and protect your company's standing.
Economic Substance Support
Detailed, well-maintained financial records are critical for meeting economic substance requirements. Our services keep your documentation organised and filing-ready.
Banking Requirements
Cayman-based and international banks regularly request financial statements during due diligence reviews. Professionally prepared accounts make these requests easy to fulfil.
Investor Confidence
Polished financial statements convey professionalism and rigour to investors, shareholders, and partners. Clear reporting fosters trust and long-term business relationships.
Informed Decision Making
Regular financial analysis and management reporting give you the data-driven perspective needed to guide strategy and allocate resources effectively.
Audit Readiness
Disciplined year-round bookkeeping means you can approach any audit with confidence. Well-organised records significantly reduce preparation time and effort.
Our Cayman Islands Accounting Process
A proven workflow that keeps your company's finances accurate and compliant from day one through year-end.
Scoping & Consultation
We evaluate your business requirements, transaction complexity, and compliance needs to tailor an accounting solution.
Onboarding
Your accounting system is set up with the right chart of accounts, and we establish secure channels for ongoing document exchange.
Continuous Bookkeeping
Our team handles transaction recording, bank reconciliation, and ledger maintenance on a monthly cadence.
Monthly Reporting
Detailed management reports are shared each month, and we discuss the numbers to make sure your records are accurate.
Annual Financials & Filings
Year-end financial statements are compiled, and we assist with annual compliance submissions and audit preparation.
Frequently Asked Questions
Practical answers about accounting and bookkeeping for Cayman Islands companies
Yes. The Companies Act requires all Cayman Islands companies to keep proper books of account that record and explain the company's transactions. Records must be retained for at least 5 years.
Exempt companies in the Cayman Islands are not required to file annual accounts with the authorities. However, accurate records are needed for Economic Substance compliance and sound corporate governance.
Reports can be delivered monthly, quarterly, or annually — whichever suits your operations. We also prepare management accounts and ad hoc reports as required.
Non-compliance can lead to fines and sanctions, personal liability for directors, potential removal from the Register, and negative effects on banking relationships and due diligence outcomes.
Yes. We are comfortable working with platforms like QuickBooks, Xero, and other widely used accounting software. If you need a recommendation, we can guide you to the right fit.
Bookkeeping deals with the systematic recording of financial transactions on a day-to-day basis. Accounting goes beyond this to include interpreting the data, compiling financial statements, and delivering actionable business insights.
Request Accounting Assistance
Whether it's Cayman Islands bookkeeping, financial reporting, or compliance-related queries, our team can provide the clarity you need.
