Accounting in the First Months: What You Need to Know

Accounting in the First Months After Company Registration

The first months after registering a company are critical for setting up proper accounting and avoiding penalties. Clear record-keeping and compliance with reporting deadlines allow you to grow your business without unnecessary stress.

Basic Accounting Obligations

Primary Documents

Each business transaction must be supported by properly prepared documents:

• tax invoices (issued and received);
• contracts with clients and suppliers;
• delivery and acceptance reports for goods and services;
• bank statements and payment orders;
• cash documents (receipts and payment vouchers).

Documents may be stored in paper or electronic format, provided legal archiving requirements are met.

Mandatory Registers

Depending on the size and nature of the business, the following records must be maintained:

• cash register book;
• sales register;
• purchase register;
• internal accounting records and ledgers.

Digitally oriented companies usually manage these records using specialized accounting software rather than Excel or paper-based systems.

Key Reporting Deadlines

Meeting reporting deadlines is essential to avoid penalties and restrictions on electronic tax services.

Obligation	Indicative deadline
VAT return (TVA12)	By the 25th of the following month
Corporate income tax return (VEN12 / SIMM)	By March 25 of the following year
Annual financial statements	By April 30 / May 30

Payroll-related declarations are submitted monthly or quarterly, depending on the tax regime.

Why Hire an Accountant?

A professional accountant is more than a data entry operator — they are a business partner.

• Penalty prevention through accurate and timely reporting;
• Tax optimization by selecting the most suitable tax regime;
• Time savings, allowing you to focus on clients and growth.

A single late filing can lead to penalties and time-consuming notifications.

Our Accounting Services

We offer comprehensive accounting packages for newly established companies, starting from 3,500 MDL per month.

Our services include:

• full accounting and monthly closings;
• payroll calculation and related documentation;
• preparation and submission of tax returns;
• ongoing tax and organizational consulting.

If you are at the beginning and unsure about your reporting obligations, we guide you step by step through the first three months of activity.

Contact Us

Contact us for a personalized offer and a 15-minute consultation to analyze your company’s situation and propose the optimal collaboration model.