Accounting advice in the Canary Islands: understand how your business is doing
We handle your company’s accounting, adapted to IGIC, REF, and Canary Islands regulations. 100% online, with a personal advisor assigned, and up-to-date data without you having to do a thing.
Why is it important to manage accounting in the Canary Islands?
Many business owners in the Canary Islands see accounting as an obligation that must be fulfilled. Those who are growing see it as a tool. The difference lies in keeping it up-to-date and understanding it.
Access bank financing
Banks require up-to-date balance sheets and clean annual accounts before approving any loan. Without current accounting, the answer is no.
- Balance sheets
- Annual accounts
Benefit form the incentives of the Canary Islands REF
The RIC and REF tax breaks require impeccable accounting to be justified. An accounting error can nullify years of tax savings.
- RIC
- DIC
- REF
Apply for grants without fear
Public funding in the Canary Islands requires up-to-date financial statements and legally registered books. Without proper accounting, the subsidy is not granted.
- Books
- Commercial Registry
Make decisions based on real data
Can you hire someone? Is it a good time to invest? With up-to-date accounting, you'll have the answer before it's too late.
- P&L
- Balance
- Liquidity
Your accounting advisor in the Canary Islands for businesses of all sizes
I don't want to think about accounting
For self-employed people who want zero accounting worries.
- Register all your invoices without you having to do anything
- We tell you if you can deduct an expense before you pay it
- Quarterly statements with all data balanced
- No filing cabinets, no paper, no endless emails
- Your advisor will notify you before each due date
I want to control my company's accounts
For LLCs and SMEs that need rigorous accounting and data to make decisions.
- Full accounting with official books and annual accounts
- Monthly bank reconciliation with no discrepancies
- Correct accounting of the RIC and REF incentives
- P&L reports and balance sheet whenever you need them
- Filing of accounts with the Commercial Registry within the deadline
Your accounting advisor in the Canary Islands for businesses of all sizes
I don't want to think about accounting
For self-employed people who want zero accounting worries.
- Register all your invoices without you having to do anything
- We tell you if you can deduct an expense before you pay it
- Quarterly statements with all data balanced
- No filing cabinets, no paper, no endless emails
- Your advisor will notify you before each due date
I want to control my company's accounts
For LLCs and SMEs that need rigorous accounting and data to make decisions.
- Full accounting with official books and annual accounts
- Monthly bank reconciliation with no discrepancies
- Correct accounting of the RIC and REF incentives
- P&L reports and balance sheet whenever you need them
- Filing of accounts with the Commercial Registry within the deadline
Start today and your accounting will be up and running in 48 hours
No in-person meetings, no bureaucracy. Just four steps and your accounting is in the hands of the team.
Free diagnosis
Tell us about your situation. We'll review your current accounting and tell you exactly what you need.
We assign your advisor
A personal advisor with a name and surname is in charge of your account. Always the same one.
We migrate your documents
We'll take care of gathering all the information from your previous consultation. You don't have to do anything.
Ongoing accounting
From that moment on, your accounts are always up to date with our own system.
Everything included in our accounting advisory service in the Canary Islands
You don’t have to go to any office. No traveling between islands, no queues, no physical paperwork. And with the same personalized service you’d expect from your regular account manager.
Traditional accounting firms in the Canary Islands are used to classic brick-and-mortar businesses: if you have a digital business, they don’t understand your expenses or your deductions. We do.
01
Complete monthly accounting
Recording of all economic transactions, classification of issued and received invoices, and monthly reconciliation of accounts.
02
Bank reconciliation
We cross-reference every transaction in your bank account with the accounting records. Nothing goes unjustified, no hidden errors will surface during an audit.
03
Official accounting books
General ledger, journal, and inventory records in accordance with the General Accounting Plan. Always ready for any requirements from the Tax Office or banking institution.
04
Annual accounts and commercial deposit
Preparation of the balance sheet, profit and loss account, report and submission to the Commercial Registry within the legal deadline.
05
RIC and REF accounting in the Canary Islands
Accounting documentation for the reserve for investments in the Canary Islands with the correct accounts. Essential for the Tax Agency to validate the deduction.
06
Periodic financial reports
P&L, balance sheet, and liquidity analysis, whenever you need them. To make decisions based on real data, not estimates.
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What do clients think of our accounting consultancy in the Canary Islands?
Choose the plan that best suits your needs
Secure your company’s accounting from 57 euros per month.
- NO COMMITMENT
- NO TAX if you are a Canary Islands resident
- +VAT in mainland and Balearic Islands
Basic
For self-employed individuals with 1 economic activity-
Self-employment registration INCLUDED
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UNLIMITED consultations
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Income Tax Return INCLUDED
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1 Economic activity
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Quarterly and annual models INCLUDED
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Accounting (50 invoices per month)
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Billing software INCLUDED
Pro
For self-employed individuals with multiple activities-
Self-employment registration INCLUDED
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UNLIMITED consultations
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Income Tax Return INCLUDED
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UNLIMITED group activities
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Quarterly and annual models INCLUDED
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Accounting (UNLIMITED invoices)
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Billing software INCLUDED
SME
For small and medium-sized enterprises-
UNLIMITED consultations
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Preparation of quarterly and annual models
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Corporate tax
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Legalization of books
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Annual accounts
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Accounting reports
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Income and expense control
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Bank reconciliation
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Income Tax Return Administrator
Everything you need before you start managing your accounting
What does accounting advice for companies in the Canary Islands include?
Complete monthly accounting (invoice registration, bank reconciliation, accounting books), annual accounts and filing with the Mercantile Registry, accounting for the RIC and the incentives of the Canary Islands REF, and periodic financial reports so that you always know how your business is doing.
What happens if I don't file the annual accounts with the Companies Registry?
Failure to file annual accounts by the legal deadline (June 30th of the following year) carries penalties ranging from €1,200 to €60,000, depending on the size of the company. Furthermore, continued non-compliance may result in the company’s registration being suspended, preventing the registration of any corporate actions, such as changes of directors, capital increases, or amendments to the articles of association.
Why does the RIC require specific accounting?
The Canary Islands Investment Reserve must be funded with a separate reserve account and accurately reflected in the balance sheet. If the accounting is inaccurate, the Tax Agency may reject the deduction and reclaim the savings already made. This is one of the most common errors made by advisors who are unfamiliar with the Canary Islands Special Economic Zone (REF).
Can I manage my company's accounting in the Canary Islands with an online consultancy?
Absolutely. At Asesorae, we use our own accounting management system that keeps your accounts up-to-date without in-person meetings or paperwork. We send the documentation digitally and take care of the rest. Since 2019, we’ve been managing the accounting for companies and self-employed individuals across all seven islands of the archipelago.
How much does it cost to hire an accounting advisor in the Canary Islands?
At Asesorae, plans for freelancers start from €57/month with full accounting included, no minimum term, and no setup fees. Plans for companies and limited liability companies (SLs) include official accounting books, annual accounts, and REF registration. Check the prices in the rates section or request a personalized, no-obligation quote.
Your accounting up to date starting today
Contact us for a free consultation. Your Canary Islands accounting advisor is just a message away. From €57/month, no commitment required.
