What are the accounting obligations of a works council?


Works Committee has accounting requirements imposed by the law of 5 March 2014: before that date, the bonds were very small, but today, the EC is obliged to keep a true accounting, and since 1 st January 2015.
What is the accounting rules applied to works councils?
Some accounting rules apply to all EC. Thus, a Works Council must necessarily appeal to an accountant to present its financial statements, the cost being charged to its operating budget. It must also draw up a precise report on its activities and its financial management and present a report on the agreements concluded between the EC and its members. Finally, it should be noted that the annual accounts of the Works Council are drawn up by elected members. Finally, it is mandatory to appoint a treasurer, and to keep the accounting records for ten years.
Is the size of the EC to be taken into account?

The law is binding on all EC, but there are certain specificities depending on their size. Indeed, the law distinguishes three types of Works Councils, which distinguishes them in particular the amount of annual resources. This is referred to as a small EC when the annual resources are less than 153 000 euros  : the accounting management of the latter is simplified. Then, medium-sized CEs are those with annual resources in excess of 153,000 euros . Accounting management is also simplified, but it needs to be clarified in the report on the conventions in particular. Finally, there is the large EC, ie those whose annual resources are greater than 3.1 million, and the total of the forward estimate is higher than 1.55 million. In addition, it must include more than 50 employees. Obviously, the accounting management of the latter is much more burdensome.

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