The accounting obligations of the sole proprietorship under the NLCs

In France, individual companies engaged in a liberal activity are subject to the Non-Commercial Profit (BNC) regime. However, their tax regime defines their accounting obligations

The controlled disclosure regime requires that treasury records based on a bank journal (revenue - expenditure) and a record of fixed assets and depreciation

The micro-BNC regime, which concerns only companies with a turnover of less than € 32 900 excluding tax, is identical in terms of accounting for the micro-BIC scheme seen above.

Consolidation of accounts in case of significant influence

When a company is under the supervision of a parent company, its accounts must be consolidated using the equity method. It is a question of substituting shares of the consolidated companies in the assets of the consolidating company. To do so, it is sufficient to replace the book value of the shares of the consolidated company with the share of the consolidating company's capital and then to take it back into the consolidated income statement.

There are therefore three main methods of account consolidation, each of which is specific.