Yes, Accountable works for a Commv, VOF, or SNC company. You can use it alongside your accountant to manage invoices, expenses, VAT, and cash flow. Some obligations, such as double-entry bookkeeping and the company tax return, require a dedicated accountant and are not handled in Accountable.
Please note that this article provides general guidance only. Tax rules may vary depending on your individual situation. When in doubt, ask your Tax Coach.
Below you will find an overview of what Accountable covers for your company type, and a full recap of your tax obligations.
What is a limited partnership?
A limited partnership is a legal structure that allows two people to form a partnership in a legal entity. Each person may contribute capital (investment) or time (running operations).
A limited partnership in Belgium is generally subject to corporation tax (IS). The main limited partners are responsible for the company's assets and are taxed on income from the company's assets and capital. Limited partners are remunerated in the form of dividends and are taxed privately on this income.
Limited partnerships with turnover above 500,000 € are required to file annual balance sheets and pay any tax due. Companies are also required to comply with reporting, accounting, and tax obligations.
How does Accountable work for a Commv, VOF, or SNC?
Accountable works for your Commv/VOF/SNC company alongside your accountant, covering the following:
Create, customise, and edit sales invoices
Record your expenses and see the impact in real time
Monitor your accounting and cash flows in real time
Anticipate the amount of VAT to pay
To get started, create an Accountable account under the company type. For your annual income tax return, the profit and loss account is available in Accountable, so you can easily prepare your income tax return together with your accountant.
Which tax obligations does Accountable cover?
Here is a full overview of the accounting and tax obligations, and whether each is handled in Accountable:
Tax obligations | Available in Accountable |
Quarterly VAT returns | ✅ |
Annual client listing | ✅ |
Intra-com listing (intra-EU listing) | ✅ |
Double-entry bookkeeping | ❌ |
Company tax return | ❌ |
Annual balance sheets | ❌ |
Key takeaways
Accountable works for Commv, VOF, and SNC companies, alongside your accountant.
Quarterly VAT returns, the annual client listing, and the intra-EU listing are all handled in Accountable.
Double-entry bookkeeping, the company tax return, and annual balance sheets are not supported in Accountable and require a dedicated accountant.
Create your account under the company type to get started.
Need help? Chat with us or email support@accountable.eu, we're happy to help.