The annual report is accessible to everybody through the Estonian Business Register. The credibility of the company and the potential partnerships are often assessed based on this specific document. This database is regularly used by competitors, partners, suppliers, and other parties who could be interested in your company. Annual report is like your companies business card. If the report is not submitted on time or is incomplete, it can create an impression of an unreliable company.
It is important that the companies accounting is managed by a professional accountant and that the annual report is correctly submitted. Our annual financial report compilation service is flexible which means that we prepare the reports for both our regular clients and those who handle their daily accounting internally.
Typically the business financial year is 12 months. The annual report must be submitted to Estonian Business Register within six months after the end of the financial year. The report should include: balance sheet, income statement, cash flow statement, and statement of changes in equity. The report must be submitted even if the company did not engage in any activities during the financial year.
The total cost of the annual report depends on the size of the company. Request a quote if you need assistance with the preparation of the report,