Financial reporting that does more than meet a deadline
For many companies, financial statements are a form filed once a year to stay out of trouble. Good financial reporting does much more: it shows whether the business is making money, where that money goes and what happens if a major client pays late. Below you will see exactly what we prepare and how you can use the numbers.
Annual financial statements: what they include
Depending on the entity's category, the set may include:
- The balance sheet, showing assets, liabilities and equity at year-end.
- The profit and loss statement, showing income, expenses and the result for the year.
- The statement of changes in equity and the cash flow statement, for entities required to prepare them.
- The explanatory note, covering accounting policies and information that the tables do not show.
Before drafting, we verify the balances: we reconcile bank accounts, confirm receivables and payables, and check fixed assets and inventory. Financial statements are only as accurate as the books behind them, so this step is never skipped.
The statements follow the National Accounting Standards (SNC) and are submitted electronically to the National Bureau of Statistics through the single reporting window. For most companies the deadline is 150 days after year-end, which means the end of May for a calendar reporting year.
Management reports: the numbers you need during the year
Annual statements describe the past. Day-to-day decisions need more frequent and more detailed reports:
| Report | What it shows | Frequency |
|---|---|---|
| Monthly profit and loss | Trends in revenue, costs and margin | Monthly |
| Cash flow | Cash in and out, plus the forecast balance | Monthly |
| Receivables and payables ageing | Who owes you money and for how long | Monthly |
| Budget versus actual | Deviations from plan and their causes | Monthly or quarterly |
| Profitability by project or client | Which activities make money and which do not | On request |
The reports are built on the same accounting data, so there is no duplicated work and no conflict with the official figures.
Who this service is for
- Companies applying for a bank loan or leasing that need clear financial statements.
- Businesses with investors or partners who receive regular reports.
- Owners who want to see real profitability before hiring or investing.
- Entities subject to a statutory audit or choosing a voluntary one.
How we work
- We define what you need. Your entity category, the mandatory set of statements and the management reports that are useful to you.
- We check the books. We reconcile balances and correct entries before reporting. If the books have major gaps, we start with bookkeeping recovery.
- We prepare and explain. We draft the statements and reports, then walk through them with you: what changed compared to last year and why.
- We file and archive. Financial statements are filed on time, and you receive copies and the confirmation of receipt.
Common mistakes we prevent
- Expenses booked in the wrong year, distorting the result.
- Differences between the balance sheet and the tax returns filed during the year.
- An explanatory note left empty or copied from one year to the next.
- Figures shown to a bank that do not match the statements filed with the state.
- A missed deadline because missing data was requested in the last week.
If you need accurate books throughout the year, see our accounting service.
Talk to us in a free consultation
Tell us what you need reporting for: the annual deadline, a bank, an investor or your own decisions. In a free consultation we will show you which set of reports fits and what data needs to be prepared.