In Burundi, a national accounting plan – Le Plan Comptable National 1985, applies to all entities, with different requirements based on the size of the enterprise. It is basically a simple historical cost accounting model. Proper books of accounts need to be maintained by the entities.
YourGlobalPro professionals can assist you with the entire bookkeeping and accounting services for your Burundi Business Setup as per your business needs including implementation of financial accounting software, accounting records preparation and time to time preparation of budgets, forecasts.
In Burundi, statutory audits are mandatory for all companies – for the same Annual financial statement prepared every Year. Also, an approved auditor must be appointed by the entity.
Based on the size of the business – the companies are required to prepare and file financial statements with the Authority. YourGlobalPro professionals provide you auditing services as required by your business.
In Burundi, formal banking sector is small in size and remains at an early stage of development. The central bank is the Bank of the Republic of Burundi (Banque de la République du Burundi, (BRB). There is very limited information available on the banking system in Burundi. The documentation requirement differs from Bank to Bank and need to be complied for the Bank account opening.
The major banks in Burundi are FinBank Burundi, Banque Commerciale du Burundi (Burundi Commercial Bank) (BANCOBU), Banque de Gestion et de Financement (BGF), Banque Burundaise pour le Commerce et l’Investissement (Burundi Bank of Commerce and Investment) (BBCI), Banque de Credit de Bujumbura (Bujumbura Credit Bank) (BCB) – A member of the Bank of Africa Group, CRDB Bank Burundi, Diamond Trust Bank Burundi, Ecobank Burundi, Interbank Burundi (IBB), KCB Burundi. All banks are stable, reliable and offer the same level of services.
YourGlobalPro professionals can facilitate all the paper work in relation to banking need and can assist you in opening bank account for your business plan in Burundi.