Preparing annual accounts: what to include

Preparing annual accounts: what must be included and how do you do it?The annual accounts are the annual financial overview of your business. Learn what they must contain, who must prepare them and how to do it efficiently.What are annual accounts?Annual accounts are the financial annual report of your business for a financial year (usually 1 January to 31 December). They consist of three parts: the balance sheet (assets and liabilities at a specific moment), the profit and loss statement (revenues and costs over the entire year) and for a BVComponents of the annual accounts1. Balance sheet The balance sheet shows the financial position at a specific moment (31 December):Who must prepare annual accounts?| Legal form | Required? | Publication? | |-----------|-----------|-------------| | Sole trader / self-employed | No (but income tax return required) | No | | General partnership | No (but income tax return per partner) | No | | BV (private limited company) | Yes | Yes (with KvK) | | NV (public limiGiroo B.V. — KVK 99500256 — Stratumsedijk 6, 5611 ND Eindhoven — info@giroo.nl — giroo.nl