Financial management reporting is crucial to managing your company. It provides an up-to-date basis for making well-informed decisions. When conducting your business in the Netherlands, please note that the Dutch financial reporting regulatory framework is built upon the Dutch Civil Code. In addition, it is supplemented by the Dutch Accounting Standards, judicial precedence and International Financial Reporting Standards.
Please be aware of the face that GAAP and IFRS are two different financial reporting standards. While the IFRS have gained more popularity over the years, the Dutch GAAP are the locally accepted accounting principles. The differences between the Dutch GAAP and the IFRS vary according to your type of company, the nature of your business, the industry you are operating in and the accounting policies established by the company internally.
We offer you management reporting solutions. In addition, we prepare your reporting packages. In this way, you are ensured that your reports meet the Dutch standards. We take care of preparing your management accounts on a monthly or quarterly basis. We prepare these from your company’s end of period records. Your accounts will reflect end of period adjustments for debtors, creditors, accruals and prepayments and additional accounting adjustments.
Contact the McShaw team
Please contact us if you have questions with regard our services or if you require further information on financial management reporting in the Netherlands. We are at your disposal for further consultation.