General ledger
A (simplified) General ledger is required (and sufficient) for (small) VZW.
Small VZW can run a simplified version of a General ledger.
Only the balans, and income and expense account reporting is necessary.
Detailed financial transactions need to be kept, in case of control by the authorities. Keep electronic bank account statements. Have no cash-transactions.
Strict (yearly) timing is needed. Otherwise financial (government) penalties can apply.
See Tax declaration.
Contents
Setup[edit]
- Detailed, daily Income and expense register (by bank account, cash register, category) -> Formulier A (Internal and for control by authorities)
- Overview of income and expenses -> Formulier B
- Balance sheet (could be run at any time if bookkeeping is in sync) -> Formulier C
Transactions must reflect reality. Therefore it could be needed to book provisions (e.g. late invoices related to a large project, promised funding and grants, grants to be returned)
Jaarrekening[edit]
| Activity | Timing |
|---|---|
| Jaarrekening | January |
| Patrimoniumtaks | February |
| General Assembly | January-April |
| Griffie | February-May |
| Tax declaration | May-July |
| Yearly budget | September-October |
| Grant review | November |
| Grant approved | December |
Content:
- Header: identification of the organisation as per the statutes, the book year, book year end-date, reference to General Assembly (date)
- Income and expense overview
- (simplified) Balance sheet
- General ledger principles (en toelichting)
- Income and expense ventilation (by subcategory)
Format[edit]
You can create it with Excel (one sheet for each of the sections, in landscape)
- Store it electronically.
You better also create a PDF document (non-repudiation). You will need it as attachment to the (electronic) tax declaration.
To be approved by the General assembly. Prepare and publish the document before the GA so the members can review it.
- A printed version need to be deposited for small VZW at the Commercial tribunal; for big VZW at the Balanscentrale van de Nationale Bank.
Print single-side; prepare 2 copies for the administration. A board member should write his full name and sign once on the first page. If you deposit the document personally, you immediately get a copy with a receipt confirmation stamp.
Tip: if you have changes to the statutes, then you can perform all administrative activities at the same time (efficient working...)
- Small VZW need to upload the PDF copy to BIZTAX
See Procedures/Preparation of the Financial statements.
Data entry timing[edit]
De uiterste wettelijke datum van indiening is de laatste dag van de maand na die van de algemene vergadering, zonder méér dan zes maanden vanaf het afsluiten van het boekjaar te vallen.
Other components[edit]
- Yearly budget
- Project expenses (required for the Foundation)
External links[edit]
- General ledger
- http://justitie.belgium.be/nl/publicaties/vzw
- http://justitie.belgium.be/nl/publicaties/het_nieuw_boekhoudkundig_stelsel_van_de_kleine_verenigingen
- http://justitie.belgium.be/nl/themas_en_dossiers/verenigingen_en_stichtingen
- http://justitie.belgium.be/nl/themas_en_dossiers/verenigingen_en_stichtingen/vzw/boekhoudkundige_verplichtingen
- Yearly balance sheet
- https://www.nbb.be/nl/balanscentrale
- https://www.nbb.be/nl/balanscentrale/jaarrekeningen-neerleggen
- https://www.nbb.be/nl/balanscentrale/jaarrekeningen-neerleggen/wie-moet-neerleggen/belgische-verenigingen-en-stichtingen
- http://www.vsdc-fb.be/NL/Downloads/Rubriek-4-7
- VZW
- http://justitie.belgium.be/nl/publicaties/vzw
- http://www.vsdc-fb.be/NL/Diensten/Neerleggingsplicht-23
