Accounting Services in Mauritius
IFRS-compliant bookkeeping, financial statements, and management reporting.
Professional accounting services are a statutory requirement and an operational necessity for every entity incorporated or licensed in Mauritius. Under the Companies Act 2001 and the Financial Services Act 2007, Mauritius entities are required to maintain proper accounting records, prepare annual financial statements in accordance with International Financial Reporting Standards (IFRS) or IFRS for SMEs, and file those statements with the Registrar of Companies and, for licensed entities, with the Financial Services Commission. Our accounting team provides comprehensive bookkeeping, financial statement preparation, management reporting, and audit coordination for Global Business Companies, Authorized Companies, domestic companies, trusts, foundations, and investment funds.
We use modern cloud-based accounting platforms to provide real-time visibility into your entity's financial position, with multi-currency capabilities essential for international structures. Accurate, timely accounting is also the foundation for all tax compliance โ the annual corporate tax return filed with the Mauritius Revenue Authority (MRA) is based on the audited financial statements, and errors or delays in accounting directly affect tax filing compliance. Our team handles the full accounting cycle: from recording daily transactions and reconciling bank accounts, to preparing management accounts, coordinating the year-end audit, and filing statutory financial statements.
We also provide dedicated reporting for group consolidation purposes, enabling parent companies and group CFOs to receive Mauritius subsidiary accounts in the required format and timescale for group reporting purposes.
Key Features of Accounting Services in Mauritius
IFRS-Compliant Financial Statements
We prepare annual financial statements in accordance with International Financial Reporting Standards (IFRS) or IFRS for SMEs, as required by Mauritius law. Statements include a balance sheet, income statement, statement of cash flows, and notes to the accounts.
Comprehensive Bookkeeping
Accurate, timely recording of all financial transactions โ receipts, payments, accruals, prepayments, and adjustments โ using modern accounting software with full audit trail capabilities and multi-currency support.
Management Accounts and KPI Reporting
We prepare monthly or quarterly management accounts and key performance indicator reports tailored to your business needs, providing management with the financial information required for informed decision-making.
Bank Reconciliation and Cash Management
Regular reconciliation of all bank accounts and investment accounts, identifying discrepancies promptly. We provide cash flow forecasts and treasury reporting for entities managing significant cash balances or multi-currency positions.
Audit Coordination
We prepare comprehensive audit files and liaise directly with your appointed external auditor throughout the audit process, responding to queries promptly to ensure timely completion of the annual audit and sign-off of financial statements.
Multi-Currency Accounting
We handle multi-currency transactions, foreign exchange translation, hedging instrument accounting, and foreign currency restatements โ essential for GBCs and funds conducting business in multiple currencies across international markets.
Group Reporting Support
We prepare consolidated financial statements and subsidiary pack reports in the format required by the parent company or group auditor, supporting group reporting cycles for international corporate groups with Mauritius entities.
Statutory Filings with Registrar and FSC
We file annual financial statements with the Registrar of Companies and, where applicable, the FSC within statutory deadlines, ensuring your entity remains in good standing and avoids penalties for late filing.
Related Party Transaction Disclosure
We ensure proper identification and disclosure of all related party transactions in the financial statements in accordance with IAS 24, and prepare the supporting documentation required for transfer pricing compliance.
Cloud-Based Platform and Client Access
We operate on leading cloud accounting platforms, giving clients real-time access to their accounts, document management, and financial reports. Secure client portals provide visibility without compromising data security.
How to Engage Accounting Services in Mauritius
Onboarding and System Review
We review your existing accounting records, chart of accounts, reporting requirements, and statutory obligations. We identify any backlogs, errors, or missing documentation and develop a plan to bring records up to date.
Chart of Accounts and System Setup
We set up or migrate the chart of accounts to our accounting platform, configuring it for your entity type, currency requirements, and reporting format. We establish opening balances and import or recreate historical records as required.
Monthly Transaction Processing
We process all monthly transactions โ bank transactions, invoices, payments, accruals, and adjustments โ code them to the appropriate accounts, and reconcile all bank and investment accounts at month end.
Management Account Preparation
We prepare monthly or quarterly management accounts, including a profit and loss account, balance sheet, and cash flow statement, with commentary on key variances and trends for management review.
Year-End Closing and Audit Preparation
We close the financial year, prepare the full trial balance and supporting workpapers, and compile the audit file โ including reconciliations, accrual schedules, fixed asset registers, and documentation for all significant balances and transactions.
Annual Financial Statement Preparation
We prepare the annual financial statements in IFRS format, incorporating audit adjustments, preparing the notes to the accounts including related party disclosures, and presenting the statements for approval by the directors or trustees.
Statutory Filing
We file the approved financial statements with the Registrar of Companies and the FSC within statutory deadlines, maintaining records of all filings and providing confirmation to the client.
Ongoing Advisory and Tax Linkage
We pass the finalised accounts to our tax team for preparation of the annual corporate tax return, and provide ongoing accounting advisory as transactions arise โ ensuring accounting treatment is correct before rather than after year-end.
Requirements for Accounting Services in Mauritius
- Access to all bank account statements for the accounting period
- Source documents: invoices, receipts, contracts, loan agreements, and payment records
- Details of all assets and their carrying values (property, equipment, investments)
- Details of all liabilities including loans, trade creditors, and accrued expenses
- Details of related party transactions and intercompany balances
- Share capital and equity movements during the period
- Details of any significant non-routine transactions or events
- Prior year financial statements and audit report (for new clients)
- Entity type, accounting period end date, and applicable financial reporting framework
- Information on any foreign currencies held and applicable exchange rates
Estimated Costs of Accounting Services in Mauritius
| Item | Estimated Range |
|---|---|
| Monthly bookkeeping (GBC / simple entity) | USD 400 โ 1,200 per month |
| Monthly bookkeeping (complex / multi-currency) | USD 1,000 โ 3,000 per month |
| Annual financial statement preparation (IFRS) | USD 2,000 โ 6,000 |
| Audit coordination and support | USD 1,000 โ 3,000 |
| Management accounts (quarterly) | USD 600 โ 1,500 per quarter |
| Group reporting pack preparation | USD 800 โ 2,000 per period |
Frequently Asked Questions About Accounting Services in Mauritius
Are Mauritius companies required to prepare audited accounts?
Most Mauritius companies are required to have their annual financial statements audited by an approved auditor under the Companies Act 2001. Exemptions apply to small private companies meeting certain size criteria. GBCs, trusts, and licensed entities must always prepare audited accounts and file them with the FSC within prescribed deadlines.
What accounting standards apply in Mauritius?
Mauritius companies are required to prepare financial statements in accordance with International Financial Reporting Standards (IFRS) as issued by the IASB. Companies meeting the definition of a small and medium entity may use IFRS for SMEs as an alternative. Trusts and foundations must also prepare accounts; the applicable framework may vary by entity type and FSC requirements.
Can you handle multi-currency accounting?
Yes. Multi-currency accounting is a core competency for international Mauritius entities. We handle transactions in multiple currencies, apply IFRS-compliant foreign exchange translation, account for hedging instruments, and prepare multi-currency financial statements with translation from functional currency to presentation currency where required.
When must financial statements be filed with the Registrar?
Mauritius companies must file annual financial statements with the Registrar of Companies within 28 days of adoption at the annual general meeting. GBCs and licensed entities have additional FSC filing deadlines. We maintain a compliance calendar for all filing deadlines and file on your behalf to ensure timely compliance.
Do you prepare accounts for trusts and funds as well?
Yes. We prepare trust accounts and annual financial statements for Mauritius trusts in accordance with FSC requirements and the Trusts Act 2001. We also prepare fund accounts for CIS and closed-end funds in accordance with IFRS and FSC guidelines. Each entity type has specific accounting requirements and we have the experience to handle them.
Can you take over accounting from another provider?
Yes. We regularly take over accounting engagements from other firms or in-house accounting teams. We begin with a thorough review of existing records, identify and resolve any outstanding issues or backlogs, and migrate records to our platform. We manage the transition to minimise disruption and ensure continuity of service.
How do you support group consolidation reporting?
For Mauritius entities within international groups, we prepare subsidiary reporting packs in the format and timescale required by the group. This typically includes a local GAAP or IFRS trial balance, intercompany reconciliations, related party disclosure schedules, and any group-specific adjustments or eliminations required for consolidation.
What information do you need to get started?
To begin providing accounting services, we need access to bank statements and transaction records, source documents (invoices, receipts, contracts), details of assets and liabilities, prior year financial statements, and confirmation of the entity's accounting period and reporting framework. We provide a detailed onboarding checklist tailored to your entity type.