Annual accounts and financial statements

Closing the financial year and filing the annual financial statements with ANAF, the Romanian tax authority — from the stocktake to the filing receipt: the balance sheet, the profit and loss account, the explanatory notes and the administrator's statement.

What the work includes

• Balance sheet
• Profit and loss account
• Explanatory notes
• The administrator's statement and report
• Filing with ANAF and obtaining the receipt

Closing the financial year

A correctly prepared balance sheet is the result of the year-end close and the work that comes before it:

• Stocktake of all assets and liabilities
• Balance confirmations
• Recording depreciation
• Setting up provisions and impairment adjustments
• Calculating corporate income tax and reconciling the advance payments

Documents needed

• Trial balance at 31 December
• Inventory register
• Fixed asset register and depreciation schedule
• Bank statements at the closing date
• Loan and leasing contracts in progress
• The last annual accounts filed