Preparation of annual financial statements

Alongside ongoing bookkeeping, the preparation of annual financial statements is a major area of our services.

Every merchant is required by law to draw up, for the end of each financial year, a statement showing the relationship between their assets and liabilities (balance sheet), as well as a comparison of the expenses and income of the financial year (profit and loss account). The balance sheet and the profit and loss account together form the annual financial statements. Depending on the circumstances, notes to the financial statements and, where applicable, a management report are also required.

The balance sheet presents the assets of a business clearly and reflects its economic situation. For the merchant, it therefore forms an essential foundation for future business decisions. It likewise has an information function for external users of the balance sheet (banks, tax authorities, shareholders, etc.). Furthermore, the commercial balance sheet continues in many cases to be authoritative for the tax balance sheet (Maßgeblichkeit), is developed into it and forms the basis of the tax calculation.

What we do for you

• Preparation of the balance sheet and profit and loss account under HGB
• Notes to the financial statements and management report
• Reconciliation to the tax balance sheet
• E-balance sheet (E-Bilanz) and abridged annual financial statements for disclosure in the Company Register (Unternehmensregister)
• Cash-basis profit calculation (Einnahmenüberschussrechnung)
• Opening, interim and settlement balance sheets
• Balance sheet analysis and concluding balance sheet meeting

If you are subject to a statutory or voluntary audit of your annual financial statements, you will find support in our Auditing team.