What documents do I need for the preparation of my annual financial statements?
January 3, 2024 | 40,00 EUR | answered by Louis König
Dear Tax Advisor,
My name is Jürgen Lippert and I am the managing director of a medium-sized GmbH. In recent years, I have always prepared my annual financial statements myself, but I notice that it is becoming more complex and I am unsure whether I can correctly compile all the necessary documents. Therefore, I am turning to you to find out which documents I need for the preparation of my annual financial statements.
The current situation is that I have so far handled my bookkeeping independently and have carefully kept all relevant receipts. However, I have concerns about whether I have correctly compiled all the necessary documents for the preparation of the annual financial statements and whether I may need further documents to create a complete annual financial statement.
My concerns are that I may have overlooked important documents and thus errors could occur in the annual financial statements. Furthermore, I want to ensure that all legal requirements are met and that I do not get into trouble with the tax office.
Therefore, my question to you is: What documents do I need for the preparation of my annual financial statements? Are there specific documents or receipts that I may have overlooked and that are relevant for the preparation of the annual financial statements? How can I ensure that my annual financial statements are correct and complete to avoid possible errors?
Thank you in advance for your help and support.
Sincerely,
Jürgen Lippert
Dear Mr. Lippert,
Thank you for your inquiry regarding the preparation of your annual financial statements. As the managing director of a medium-sized GmbH, it is completely understandable that you are concerned about the accuracy and completeness of your documents. It is very important that a company's annual financial statements are prepared properly to avoid potential errors and to ensure compliance with all legal requirements.
To be able to prepare a correct annual financial statement, you will need a variety of documents and records. Firstly, the accounting documents of your GmbH are of great importance. This includes account statements, cash books, bank statements, invoices and receipts for income and expenses, as well as VAT returns. Additionally, the balance sheet, debt overview, and profit and loss statement are also important components of the annual financial statements.
It is advisable to also have contracts with customers and suppliers, asset accounting, payroll records, as well as all contracts and agreements relating to the company available. Furthermore, all tax notices, such as income tax assessments and VAT assessments, should be used for the preparation of the annual financial statements.
To ensure that your annual financial statement is correct and complete, I recommend carefully reviewing the documents and records and requesting any missing documents if necessary. It is also advisable to consult a tax advisor if you have any uncertainties or questions, as they can provide professional advice. A tax advisor can assist you not only in preparing the annual financial statements, but also in optimizing your tax situation and ensuring compliance with all legal requirements.
I hope that this information has been helpful to you. If you have any further questions or need assistance, please do not hesitate to contact me.
Best regards,
Louis König
Tax Advisor
