Saint Lucia Survey of Living Conditions and Household Budgets 2016

St. Lucia, 2015 - 2016

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Reference ID

LCA-CSO-SLCHBS-2016-V1.0

Producer(s)

Central Statistical Office (CSO)

Collections

St. Lucia

Metadata

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Created on

Jun 13, 2024

Last modified

Apr 23, 2026

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Accounts (p4_13)

Data file: SLCHBS2016

Overview

Valid: 480

Invalid: 4094

Type: Discrete

Decimal: 0

Start: 237

End: 237

Width: 1

Range: 1 - 4

Format: Numeric

Questions and instructions

Literal question

What kind of accounts do you/does (...) keep for this activity/business?

Categories

Value	Category	Cases
1	Complete set of written accounts	38	7.9%
2	Simplified written accounts	73	15.2%
3	Only through informal records of orders, sales, purchases	68	14.2%
4	No records are kept.	301	62.7%
Sysmiss		4094

Warning: these figures indicate the number of cases found in the data file. They cannot be interpreted as summary statistics of the population of interest.

Interviewer instructions

This question is directed only at self-employed persons (response option 5) or without employees (response option 6). The question tries to determine the level of informality at which the business operates. This question is the most basic requirement for classifying an enterprise as formal or informal. This question will allow the Statistical Office to distinguish between the formal and informal Household
Unincorporated Enterprises with some Market Output (HUEM).
1.Complete set of written accounts
These are formal accounting records that allow the generation of income statements, balance sheets, and
cash flow statements based on formal accounting standards. They are normally kept using accounting
software such as QuickBooks or FreshBooks.
2.Only through informal records of orders, sales, purchases
In this case, the business keeps all business transactions documentation in some form or informal recording system
3.Simplified written accounts
In this case, the business is managed based on the notes kept by the business owner, mostly completed
from the memory of sales and purchases.
4.No records are kept

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