BVI Accounting & Bookkeeping Services
Professional financial management for your British Virgin Islands company. Stay compliant, organized, and focused on growth while we handle your books.
- Monthly bookkeeping and reconciliation
- Financial statement preparation
- Tax compliance and reporting
- Dedicated account manager
Why BVI Companies Need Proper Bookkeeping
Understanding your legal obligations for maintaining financial records in the British Virgin Islands.
Required for Annual Return filing
Not mandatory for BVI companies
No corporate income tax in BVI
Minimum retention period
Record-Keeping Obligations
Every BVI company is required to keep reliable accounting records that correctly explain the transactions of the company, enable the financial position of the company to be determined with reasonable accuracy at any time, and allow financial statements to be prepared.
What Records Must Be Kept
- Entries of money received and spent
- Record of assets and liabilities
- Invoices and transaction documents
- Financial statements
- Minutes of director meetings
- Shareholder resolutions
Where Records Can Be Kept
Penalties for Non-Compliance
- Fines imposed on the company and directors
- Personal liability for directors
- Potential strike-off from the Register
- Difficulties with banking relationships
- Complications during due diligence processes
Comprehensive Accounting Services for BVI Companies
From day-to-day bookkeeping to annual financial statements, we handle your accounting so you can focus on growing your business.
Bookkeeping
Accurate, timely financial records that keep your BVI company organized and audit-ready. We maintain your books using industry-standard accounting software, ensuring every transaction is properly recorded and categorized.
Transaction Recording
Systematic recording of all financial transactions in your preferred accounting software
Bank Reconciliation
Monthly reconciliation of all bank accounts to ensure accuracy and identify discrepancies
Accounts Payable/Receivable
Management of invoices, vendor payments, and customer collections tracking
Monthly Close
Complete month-end closing procedures with reconciled accounts and clean books
Financial Statements
Professionally prepared financial statements that meet international standards and satisfy regulatory requirements. Our team ensures your statements accurately reflect your company's financial position.
Balance Sheet
Comprehensive statement of assets, liabilities, and equity position
Income Statement
Detailed profit and loss statement showing revenue, expenses, and net income
Cash Flow Statement
Analysis of cash movements from operating, investing, and financing activities
Annual Accounts
Year-end financial statements prepared in accordance with applicable accounting standards
Management Reporting
Actionable financial insights that help you make informed business decisions. Get a clear picture of your company's performance with regular reports tailored to your needs.
Monthly Management Accounts
Regular financial summaries with key metrics and performance indicators
Budget vs Actuals
Variance analysis comparing actual performance against budgeted targets
Custom Reports
Tailored reports designed around your specific business needs and KPIs
Compliance Support
Navigate BVI regulatory requirements with expert guidance and documentation support. We help ensure your company meets all financial compliance obligations.
Economic Substance Reporting Support
Preparation of financial data and documentation required for ES filings
Registered Agent Liaison
Coordination with your registered agent for compliance submissions and queries
Audit Preparation
Organization of records and preparation of supporting schedules for external audits
Payroll Services
Accurate and timely payment processing for your team and contractors. We handle the complexities of payroll so you can focus on your business.
Salary Processing
End-to-end payroll calculation, processing, and record-keeping for employees
Contractor Payments
Management of contractor invoices and payment tracking
Ready to streamline your finances?
Get accurate books, timely reports, and peace of mind with our professional accounting services.
Benefits of Professional Financial Management
Proper accounting and bookkeeping provides the foundation for compliance, decision-making, and business growth.
Regulatory Compliance
Meet BVI record-keeping requirements under the BVI Business Companies Act. Proper financial records help you avoid penalties and maintain good standing with the Registry.
Economic Substance Support
Accurate financial records are essential for Economic Substance filings. Our accounting services ensure you have the documentation needed to demonstrate substance activities.
Banking Requirements
Banks increasingly require audited or reviewed financial statements for account maintenance and reviews. Professional accounts keep your banking relationships smooth.
Investor Confidence
Professional financial statements build trust with shareholders, investors, and business partners. Clear reporting demonstrates transparency and sound management.
Informed Decision Making
Regular management reports and financial analysis give you clear insights into your business performance, helping you make data-driven decisions.
Audit Readiness
Stay prepared for external audits with organized, accurate records. Proper bookkeeping throughout the year makes audit season straightforward and stress-free.
Our Accounting Process
A streamlined approach to managing your BVI company's finances from onboarding to year-end.
Initial Consultation
We discuss your business needs, transaction volume, and reporting requirements to design the right accounting package.
Onboarding & Setup
We set up your accounting software, chart of accounts, and establish secure document sharing processes.
Ongoing Bookkeeping
Our team records transactions, reconciles accounts, and maintains your books on a monthly basis.
Review & Reporting
You receive monthly management reports and we review your financials together to ensure accuracy.
Year-End & Compliance
We prepare annual financial statements and support you with Annual Return filings and audit requirements.
Frequently Asked Questions
Common questions about accounting and bookkeeping services for BVI companies
Yes, BVI companies are required to maintain accounting records that are sufficient to show and explain the company's transactions. These records must be kept for at least 5 years.
BVI Business Companies are not required to file annual accounts with the BVI authorities. However, maintaining proper accounting records is mandatory for compliance and beneficial owner reporting.
We provide monthly, quarterly, or annual financial reports based on your preferences. Management accounts can be delivered on a schedule that suits your business needs.