A legal obligation
Article 4 of Law 9-88 requires traders whose annual turnover exceeds 10 million dirhams to have a manual describing their accounting organisation. Tax provisions and the Commercial Code confirm this obligation.
A tool in the face of competition
Morocco’s opening to international trade exposes companies, especially SMEs, more to economic fluctuations. To make better decisions, control flows and improve their indicators, they need internal procedures covering every function: accounting, purchasing, sales, inventory, recruitment, logistics, treasury, investment, IT.
Content to be built
The law specifies neither the form nor the content of the manual. In practice it brings together accounting, administrative and financial procedures, and gives everyone, executives and employees alike, a transparent framework for carrying out their tasks.
This information is general and dates from its publication. For your situation, talk to our experts.
