Everything that matters about limited statutory audit paperless in Ormont-Dessous
Delegate, digitalise or do it all yourself? Around limited statutory audit in Ormont-Dessous, every SME draws its own line. The reference points below — federal law, cantonal practice and lessons from the field — help you place the cursor well.
Year-end closing: how the mechanics work
The order of operations matters: reconciliations first (bank, cash, receivables, payables), then the closing entries, finally the VAT and AHV consistency checks. Reversing the order means starting over.
For limited statutory audit, a closing checklist reused every year transforms the exercise: same steps, same checks, same documents — only the year changes.
Outsource limited statutory audit or keep it in-house?
Responsibility stays with the client: the fiduciary executes with care, but the signed accounts bind the company. Understanding what you sign is not optional.
A business in Ormont-Dessous can combine the models: internal day-to-day entry, monthly external supervision, closing and taxes with the specialist — limited statutory audit splits very well.
A well-structured SME chart of accounts
A chart of accounts gets documented: one description line per account (what, when, VAT) is enough for two people to post the same way. It is the quality manual of limited statutory audit, valid in Ormont-Dessous as anywhere.
For limited statutory audit, a few well-chosen analytical accounts (by activity, by site) beat a forest of sub-accounts nobody ever reads.
A Swiss SME's accounting calendar
Three families of deadlines shape the year: federal (VAT within 60 days, salary declaration in January), cantonal (tax return, extensions depending on the canton, including in Ormont-Dessous) and internal (closing, general meeting within six months). Mixing them up is the leading cause of delays.
Handing deadline monitoring to a tool is no luxury: automatic reminders, a status per obligation, and an “all green” view that clears the mind. What matters is not who ticks the box — but that the box exists and everyone can see it.
Ormont-Dessous: what changes, what does not
Ormont-Dessous (postal code 1862, canton Vaud) applies the same federal rules as the rest of the country: what changes in Ormont-Dessous are the cantonal counterparts — tax administration, compensation office, commercial register.
Ormont-Dessous requires no special bookkeeping: the Code of Obligations applies at postal code 1862 as everywhere else, and a well-kept digital file transfers smoothly to any auditor in the canton.
Frequently asked questions
How long must records related to limited statutory audit be kept?
Ten years from the end of the financial year concerned (art. 958f CO). Electronic retention is permitted if the integrity and readability of the records are guaranteed — a serious digital archive validly replaces paper binders. A business in Ormont-Dessous can therefore archive fully digitally.
What is the difference between a limited and an ordinary audit?
The ordinary audit applies to companies exceeding, for two consecutive years, two of three thresholds: CHF 20 million balance sheet total, CHF 40 million revenue, 250 full-time positions. Others fall under the limited audit, and those with no more than ten full-time positions on annual average can opt out with all shareholders' consent. These federal thresholds do not depend on the registered seat — in Ormont-Dessous as anywhere.
What is simplified bookkeeping and who can use it?
Sole proprietorships and partnerships under CHF 500,000 of revenue may limit themselves to recording income, expenses and assets (art. 957 para. 2 CO). Once over the threshold — or upon founding a Sàrl or an SA — full accounts with balance sheet, income statement and notes become mandatory. The CHF 500,000 threshold is assessed the same way in Ormont-Dessous.
Which documents should be prepared for the year-end closing?
Bank and cash statements at the closing date, the inventory of stock and work in progress, final AHV/LPP/accident settlements, contracts signed or amended during the year, invoices straddling two years and the detail of accruals. With an up-to-date document archive, most of it is already there. The list is identical in Ormont-Dessous: the CO dictates it, not the commune.
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Switch to accounting that keeps itself up to date
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