St. Vincent Accounting & Bookkeeping Services
Practical accounting and bookkeeping for St. Vincent companies. From ledger management to financial statements, we keep your records in good shape.
- Structured bookkeeping and periodic account reviews
- Complete financial statement development
- Statutory tax reporting and filing coordination
- Hands-on account management and support
Bookkeeping Requirements for St. Vincent Companies
Key obligations your St. Vincent and the Grenadines company must observe regarding financial record maintenance.
Required under the Companies Act, 1994
Not mandatory for SVG companies
No tax on foreign-source income
Recommended retention period
Record-Keeping Obligations
The Companies Act, 1994, requires every St. Vincent company to keep adequate accounting records that properly record its transactions, allow its financial position to be gauged with reasonable accuracy, and facilitate the preparation of financial statements.
What Records Must Be Kept
- Records of all revenue and expenditure
- Documentation of assets and liabilities
- Invoices, receipts, and transactional evidence
- Financial statements as required by law
- Minutes of meetings of directors
- Shareholder resolutions and written consents
Where Records Can Be Kept
Penalties for Non-Compliance
- Fines payable by the company and its officers
- Personal exposure for directors in cases of default
- Risk of being removed from the Companies Register
- Deterioration of banking relationships
- Challenges during external due diligence processes
Accounting and Bookkeeping Solutions for St. Vincent Companies
We provide end-to-end accounting support, from routine bookkeeping to annual financial statements, helping you stay on top of your finances.
Bookkeeping
Consistent, reliable bookkeeping that keeps your St. Vincent company's finances well-documented. We log every transaction using established accounting platforms, keeping your books audit-ready.
Transaction Recording
Detailed logging of every financial transaction using your chosen accounting platform
Bank Reconciliation
Regular reconciliation of bank accounts to verify accuracy and flag any discrepancies
Accounts Payable/Receivable
Tracking and management of outgoing payments, invoices, and incoming collections
Monthly Close
End-of-month procedures including full account reconciliation and finalised books
Financial Statements
Professionally crafted financial statements aligned with international accounting standards, ensuring your St. Vincent company's reports are clear and reliable.
Balance Sheet
Detailed overview of your company's assets, liabilities, and shareholder equity
Income Statement
Revenue, expense, and profitability breakdown for the reporting period
Cash Flow Statement
Tracking of cash inflows and outflows across operating, investing, and financing activities
Annual Accounts
Full-year financial statements compiled in line with applicable accounting standards
Management Reporting
Gain a thorough understanding of your St. Vincent company's finances with management reports that deliver the insights you need, when you need them.
Monthly Management Accounts
Periodic financial summaries highlighting key figures and performance trends
Budget vs Actuals
Side-by-side comparison of planned budgets against actual financial outcomes
Custom Reports
Bespoke reports built around your company's specific metrics and objectives
Compliance Support
Meet your St. Vincent company's regulatory requirements with organised compliance support. We handle the financial documentation needed to maintain good standing.
Economic Substance Reporting Support
Assistance with compiling financial data and documentation for substance filings
Registered Agent Liaison
Working with your registered agent to coordinate compliance submissions and respond to queries
Audit Preparation
Assembling records and preparing supporting schedules ahead of external audits
Payroll Services
Worry-free payroll management for your St. Vincent company. We ensure employees and contractors receive accurate, timely payments while maintaining proper records.
Salary Processing
Complete payroll calculation, processing, and documentation for your employees
Contractor Payments
Processing and tracking of contractor invoices and payments
Ready to hand off your St. Vincent company's accounting?
Well-maintained books, reliable reports, and ongoing financial support — all in one place.
How Professional Accounting Benefits St. Vincent Companies
Proper financial management ensures compliance, strengthens credibility, and provides the insights needed to grow.
Regulatory Compliance
Comply with St. Vincent and the Grenadines record-keeping requirements by maintaining professionally managed financial records. This protects your company's standing and avoids regulatory complications.
Economic Substance Support
Organised, up-to-date financial records are essential for meeting substance reporting obligations. Professional accounting ensures the necessary documentation is always prepared.
Banking Requirements
Banks and financial institutions often require current financial statements as part of their due diligence. Professionally maintained accounts make it easy to meet these demands.
Investor Confidence
Accurately prepared financial statements communicate professionalism and sound management. This level of transparency builds lasting trust with investors and partners.
Informed Decision Making
Routine management reporting provides a steady flow of financial insights, giving you the clarity to make strategic decisions and adjust course when needed.
Audit Readiness
With records maintained consistently throughout the year, your company is always in a position to undergo an external audit without delay or disruption.
How We Handle Accounting for St. Vincent Companies
A structured approach that takes you from setup through to year-end financial statements, step by step.
Kick-Off Meeting
We review your company's operations, understand your transaction flow, and agree on reporting requirements to shape the right service.
Onboarding & Setup
We set up your accounting platform with a suitable chart of accounts and arrange secure channels for document sharing.
Ongoing Bookkeeping
Transactions are logged, bank accounts reconciled, and your books maintained through a consistent monthly routine.
Financial Reporting
Monthly management reports are delivered, and we go over the financials to confirm accuracy and discuss key highlights.
Year-End & Compliance
Annual financial statements are prepared, and we assist with any compliance submissions or audit readiness requirements.
Frequently Asked Questions
Your questions answered about accounting and bookkeeping for St. Vincent companies
Yes. The Companies Act, 1994, requires every St. Vincent company to keep adequate accounting records that properly document its transactions. A retention period of at least 5 years is recommended.
Companies with only foreign-source income are generally not subject to tax filing in St. Vincent. However, proper accounting records must still be maintained for corporate governance and compliance.
We can deliver financial reports monthly, quarterly, or annually. Management accounts and custom reports are also available to match your business rhythm.
Consequences may include fines on the company and its officers, personal exposure for directors, risk of removal from the Companies Register, and deterioration of banking relationships.
Yes. We are experienced with platforms like QuickBooks, Xero, and similar software. We can also recommend and configure a platform if you do not yet have one.
Bookkeeping is the structured recording of every financial transaction your company makes. Accounting goes a step further — it involves analysing the data, preparing formal financial statements, and drawing out insights that support decision-making.
Ask Us About Accounting Support
From financial statements to day-to-day bookkeeping for your St. Vincent company, our team is available to help with your needs.
