Accounting for other business types and associations
Beyond sole traders and limited companies, we handle accounting for general and limited partnerships, associations and more — same clear, modern approach.
Who is it for?
Below we open up the basics of different business types and how Nordbalans supports their accounting.
General partnership (Ay)
A general partnership is formed by two or more partners who are personally liable for the company’s commitments. We handle double-entry bookkeeping, VAT and tax filings and financial statements, and help track profit distribution and partners’ private withdrawals.
- Double-entry bookkeeping
- VAT and tax filings
- Financial statements and reporting
- Tracking partners’ private accounts
Limited partnership (Ky)
A limited partnership has general and silent partners. The general partner is liable with all assets, the silent only up to their investment. We clarify the bookkeeping between partners and handle the tax specifics.
- Splitting general and silent partners
- Profit distribution calculation
- Taxation and filings
- Financial statements
Associations and foundations
Associations have a bookkeeping obligation even when their activity is non-profit. We handle bookkeeping, member fee tracking, possible business activity, tax filings and statements according to the law.
- Bookkeeping and receipts
- Member fees and grants
- Splitting non-profit and business activity
- Tax return and financial statements
Housing companies and special forms
We also help with housing companies, real-estate companies and other special forms. We map together what the accounting needs and the most efficient tools for it.
- Charge monitoring and reporting
- Statements and activity reports
- Tax filings
- Digital tools in use
What the service usually includes
We build a fitting package for each customer. Typical components are similar regardless of business type but tailored to size and activity.
Frequently asked questions
Yes — association bookkeeping works with us. We handle bookkeeping, member fee tracking, tax filings and statements for both non-profit and business-active associations.
In a general partnership all partners are personally liable. A limited partnership has at least one general and one silent partner whose liability is limited to their investment.
Small associations can, under conditions, use single-entry bookkeeping. We still recommend clear processes and digital tools so statements and reporting run smoothly.
Yes. Switching usually goes smoothly mid-year. We agree on a schedule, take over the materials and ensure filings continue without breaks.
Is your business form something else?
No worries — we handle accounting for general and limited partnerships, associations and more. Let’s figure out what fits.