The same system for keeping accounts does not apply to all companies. The relevant obligations vary depending on:
- the legal form of the business;
- the activity sector;
- the turnover;
- the balance sheet total;
- the number of employees.
A distinction is drawn between three major categories of businesses (financial institutions and insurance companies are subject to clearly defined rules and regulations):
- retailers that are allowed to keep only simplified accounts;
- SMEs that have to keep full double-entry accounts, but which can opt for an abbreviated model;
- large businesses that have to submit their annual accounts using the full model.