Marshall Islands Accounting & Bookkeeping
Efficient accounting and bookkeeping solutions for your Marshall Islands company. From transaction recording to financial reports, your books are in capable hands.
- Periodic bookkeeping with full bank reconciliation
- Full-cycle financial statement production
- Tax preparation and jurisdictional filing support
- Individual account handler for personalized service
Bookkeeping Standards for Marshall Islands Companies
An outline of the financial record-keeping duties that apply to entities registered in the Marshall Islands.
Required by the Business Corporations Act
Not mandatory for Marshall Islands entities
No corporate income tax applies
Standard retention period
Record-Keeping Obligations
Under the Business Corporations Act, Marshall Islands companies must keep accounting records sufficient to reflect their financial transactions accurately, determine their financial condition at any given time, and produce reliable financial statements.
What Records Must Be Kept
- Detailed records of receipts and disbursements
- An inventory of assets and liabilities
- Transaction documents including invoices and agreements
- Financial statements for each fiscal period
- Board meeting minutes and notes
- Shareholder resolutions and approvals
Where Records Can Be Kept
Penalties for Non-Compliance
- Financial penalties for the company and its officers
- Personal liability exposure for directors
- Risk of involuntary dissolution
- Weakened banking and correspondent relationships
- Difficulties passing due diligence assessments
Reliable Accounting Services for Marshall Islands Companies
We look after your financial records and reporting, from everyday bookkeeping to annual accounts, so you can stay focused on growth.
Bookkeeping
Dependable bookkeeping services that keep your Marshall Islands company's finances structured and transparent. Each transaction is carefully logged and categorised for accuracy.
Transaction Recording
Precise entry of each financial transaction into your designated accounting software
Bank Reconciliation
Routine comparison of bank records against your books to maintain accuracy
Accounts Payable/Receivable
Handling of invoices, supplier payments, and monitoring of outstanding receivables
Monthly Close
Comprehensive month-end close process ensuring all accounts are balanced and current
Financial Statements
Financial statements compiled to international standards that present a faithful picture of your Marshall Islands company's assets, liabilities, and performance.
Balance Sheet
Complete snapshot of your company's financial standing at a given point in time
Income Statement
Itemised report of revenue streams, operating costs, and bottom-line results
Cash Flow Statement
Detailed mapping of cash generation and usage from operations, investments, and financing
Annual Accounts
Year-end accounts finalised in compliance with relevant accounting standards
Management Reporting
Keep a pulse on your Marshall Islands company's performance with regular management reports that break down the numbers into practical, useful insights.
Monthly Management Accounts
Scheduled financial overviews with core metrics and trend analysis
Budget vs Actuals
Performance tracking that highlights where actuals diverge from budgeted figures
Custom Reports
Reports customised to your requirements, covering the metrics that matter most to you
Compliance Support
Maintain compliance for your Marshall Islands company with organised documentation and reporting support. We help keep your financial obligations in check.
Regulatory Documentation
Preparation of financial records and supporting materials for regulatory purposes
Registered Agent Liaison
Coordinating with your registered agent for seamless compliance submissions and communication
Audit Preparation
Getting your records and schedules in order ahead of any external audit requirements
Payroll Services
Hassle-free payroll services for your Marshall Islands company. We manage the end-to-end payment process for employees and contractors alike.
Salary Processing
End-to-end salary computation, disbursement, and payroll record maintenance
Contractor Payments
Invoice processing, payment scheduling, and record-keeping for contractors
Ready for reliable accounting for your Marshall Islands company?
We keep your financial records organised and your reporting on schedule.
The Case for Professional Accounting in the Marshall Islands
Robust financial management strengthens compliance, builds credibility, and supports sound business decisions.
Regulatory Compliance
Keep your Marshall Islands company in line with applicable record-keeping standards. Accurate financial records protect your standing and reduce the risk of regulatory complications.
Operational Transparency
Well-maintained books provide a clear audit trail and demonstrate that your company operates with integrity. This transparency supports both regulatory and commercial credibility.
Banking Requirements
International banks frequently require up-to-date financial statements as part of their compliance checks. Professional accounts ensure you can respond to these requests promptly.
Investor Confidence
Reliable financial reporting builds trust with investors and business partners. Transparent, professionally prepared statements reflect a well-governed company.
Informed Decision Making
Management reports that distil your financial data into clear takeaways help you spot opportunities, address risks, and steer your business with confidence.
Audit Readiness
Ongoing bookkeeping discipline means your records are always audit-ready. When the need arises, you can respond quickly and without disruption.
How We Support Your Marshall Islands Company's Accounting
A reliable process that covers onboarding, ongoing bookkeeping, and annual financial reporting.
Introductory Call
We learn about your company's operations and financial requirements to recommend an accounting setup that fits your needs.
System Configuration
Your accounting platform is set up with the appropriate structure, and we arrange secure methods for document sharing.
Monthly Bookkeeping
We record transactions, reconcile bank accounts, and maintain your general ledger on a monthly basis to keep your records current.
Reporting & Check-In
Management reports are provided each month, and we touch base to review your company's financial position.
Year-End Accounts
We finalise your annual financial statements and offer support for any compliance filings or audit preparation that's required.
Frequently Asked Questions
Helpful answers about accounting and bookkeeping for Marshall Islands entities
Yes. Under the Business Corporations Act, companies must maintain records sufficient to accurately reflect their transactions and financial condition. A 5-year retention period applies.
Marshall Islands companies are not required to file annual financial statements with the authorities. Proper internal record-keeping, however, remains a legal obligation.
We offer monthly, quarterly, or annual reporting based on your preference. Custom reporting schedules and management accounts are also available.
Inadequate record-keeping may result in financial penalties, personal liability for directors, risk of involuntary dissolution, and weakened banking or correspondent relationships.
Yes. We work with most popular platforms, including QuickBooks, Xero, and others. If you need to set up a new system, we can advise on the most suitable option.
Bookkeeping is the process of recording financial transactions — tracking payments, receipts, and invoices as they happen. Accounting uses that recorded data to generate financial statements, perform analysis, and provide business insights.
Contact Our Accounting Advisors
From bookkeeping to financial reporting for your Marshall Islands company, our advisors are available to answer your questions.
