Accounting

Accounting is the systematic process of recording, classifying, and summarising financial transactions to provide accurate financial information.

In Luxembourg, companies follow strict accounting standards that align with both local requirements and EU directives. This ensures transparency for tax audits, facilitates reliable financial reporting, and aids decision-making processes. Luxembourg’s financial regulatory environment demands regular preparation of balance sheets, income statements, and cash flow reports, making effective accounting essential for business credibility and regulatory compliance.