Each year your books must be closed and accounts balanced. In addition, all limited liability companies must prepare and submit an annual report to The Swedish companies agency (the Swedish Companies Registration Office). Also, there are different rules for different forms of company and size of company. If your company is part of a group, consolidated accounts may also be required. In Sweden’s most secure accountancy firm we work proactively and ensure that your year-end closing is stress-free and straightforward. Our Ready-Made Packages We know that entrepreneurs have a great deal to think about, so we simplify your bookkeeping process and are close at hand if you have any questions or concerns.
The year-end closing of the books; an important building block in corporate accounting
Research beyond the business plan
Pursuant to the Swedish Annual Accounts Act (1995:1554), all companies have an obligation to close their books and prepare annual accounts. This is done by compiling the year’s transactions in a balance sheet and income statement. The annual accounts take the form of simplified annual accounts, annual accounts or an annual report depending on form of company and turnover. A sole trader prepares simplified annual accounts and a limited liability company an annual report. Larger companies and groups are obliged to submit a more comprehensive annual report to Swedish Companies Registration Office. This describes how the past year has gone for the company and how the company is positioned for the forthcoming year.
The best method for being well prepared for the annual accounts is to work proactively during the year with accrual accounting. As an entrepreneur, you want to avoid nasty surprises and keep a good overview of the result you can expect at year-end. In addition to this, you need to draw up an inventory of any stock and command of your accounts receivable ledger. It’s important to pay your suppliers on the in time and invoice your customers for goods and services in good time. When this is done, the items are checked in the balance sheet and verified. After this, the income statement is drawn up.
At BQ Redovisning, we keep track of these aspects and regularly report to you about how the company is doing. You don’t need to think about the year-end closing of the books, and can concentrate on your business as usual. We help with all the aspects your company requires, and also provide Advice relating to the work with the year-end closing of the books. In addition, we collaborate with the company’s auditor to achieve a process that’s as effective as possible. The work of preparing the annual accounts includes everything from reconciliations and year-end closing to annual reports and Income tax returns..
Our corporate package always include:
A strong business plan requires going beyond intuition and experience, and supporting your idea with fact-based market research. Investors need to have confidence in your understanding of the market, so don’t let yourself down by skimping on research. We have access to fee-based, subscriber-only resources such as:
- Annual report
- Annual Accounts
- Income tax returns
Is the end of the financial year approaching?
Let your accountancy firm in Stockholm handle it for you!
BQ Redovisning ensure that your annual accounts and annual report
are handled in a straightforward, professional manner!