Which documents are needed for the annual financial statement?
September 2, 2022 | 40,00 EUR | answered by Isabel Müller
Dear tax advisor,
My name is Renata Meier and I am the managing director of a small company. I am nearing the end of the financial year and I am wondering which documents I need to provide for the annual financial statements. I have no previous experience with annual financial statements and I am therefore unsure which documents are important.
Regarding the current situation: My company had various income and expenses in the past financial year that I would like to accurately include in the annual financial statements. I have collected accounting records, bank statements, invoices, and receipts, but I am not sure if I need any additional documents to create a complete set of annual financial statements.
My concerns are that I might forget important documents or not know exactly which information is relevant for the annual financial statements. I want to ensure that my annual financial statements are correct and complete in order to avoid any potential errors or discrepancies.
Therefore, my question to you is: What documents are needed for the annual financial statements? Can you provide me with a specific list of the documents I need to provide for the preparation of the annual financial statements? Are there any special forms or information that I need in addition to create a complete and accurate set of annual financial statements?
I look forward to your assistance and thank you in advance for your help.
Best regards,
Renata Meier
Dear Mrs. Meier,
thank you for your inquiry regarding the annual financial statements for your small business. I understand that you feel unsure as you have no experience with the topic. I will be happy to show you in detail which documents are needed to create a complete set of annual financial statements.
First and foremost, it is important that you have all accounting records available. These include your income and expense statement, booking receipts, bank statements, invoices, receipts, payroll statements, as well as bank and credit card statements. These documents are essential to accurately represent the financial situation of your company.
Furthermore, you should also document your asset register, depreciation, provisions, as well as liabilities and receivables. This information is important to correctly represent the assets and financial position of your company in the annual financial statements.
In addition to the mentioned documents, you should also have your VAT returns, profit calculations, as well as any tax assessments and contracts ready. These documents are relevant for the tax assessment of your annual financial statements.
For the preparation of the annual financial statements, you will also need special forms, such as the income-expenditure account (EÜR), the balance sheet, and the profit and loss statement (GuV). These forms are used to present the financial situation of your company in a clear manner and are important components of the annual financial statements.
In summary, you should have all accounting records, asset registers, depreciation, provisions, VAT returns, profit calculations, tax assessments, and contracts ready to create a complete set of annual financial statements. Additionally, you will need special forms such as the EÜR, balance sheet, and GuV.
I hope that this information helps you and that you are now better prepared to create your annual financial statements correctly and completely. If you have any further questions or need assistance, please feel free to contact me.
Sincerely,
Isabel Müller
