Annual financial closing
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Every company in Bulgaria, regardless of whether it is making a profit or loss, is required to prepare and submit annual financial statements. This is not just a formality, but an important process related to compliance with legal requirements, which applies even to companies with no activity. If any omissions occur during the closing process, it could result in serious penalties, which may be costly for your business. That’s why we, at ATP Konsult, offer annual financial closing as a one-time service that you can take advantage of, even if you do not have an accounting subscription. Our team of professionals is ready to cover all stages of the process in a timely manner and in accordance with current regulations.
The annual financial closing includes the following key activities:
- Accounting for all documents needed for year-end closing, such as invoices, bank statements, leasing contracts, etc.;
- Preparation of the annual financial statement in accordance with the Accounting Act for submission to the Trade Register, including a balance sheet, income and expense statement, and appendices providing a full picture of the company’s financial position;
- Inventory of assets and liabilities;
- Preparation and submission of the annual tax return under the Corporate Income Tax Act (CITA);
- Submission of declarations and reports to the National Statistical Institute (NSI);
- Publication of the financial statement in the Trade Register.
To ensure your peace of mind, we carefully monitor the deadlines and perform every step of the annual closing process in compliance with the law.
The service for annual financial closing is suitable for various types of companies, including:
- Those without an accounting subscription, but who need to close their financial year and submit their financial statements;
- Companies with internal accounting that require external help in preparing reports and returns;
- Newly registered businesses that have activity but are not fully familiar with their obligations and the processes involved in the annual closing;
- Companies with no activity that still need to submit the necessary declarations and documents by year-end.
We work with businesses from all over the country, offering remote communication and service, which allows you to entrust your annual closing process to our team regardless of your location.
The process of annual financial closing is carried out in the following steps:
- Receiving the necessary primary information;
- Analyzing the required documents and the company’s current financial situation;
- Preparing the reports and returns;
- Submitting to the authorities and publishing in the Trade Register, if necessary;
- Confirming and archiving the documentation.
If necessary, we can arrange to make corrections to previous accounting entries made during the same year. This allows us to ensure that the annual closing is fully in compliance with legal requirements.
By choosing our annual financial closing service, you will gain several advantages, including:
- Avoiding penalties and omissions due to lack of experience;
- Meeting deadlines;
- Receiving financial statements that comply with legal requirements;
- Consultation if necessary for subsequent actions;
- Possibility to combine with other accounting and/or consulting services.
Why choose the annual financial closing service from ATP Konsult?
At ATP Konsult, we are ready to provide you not only with expert service but also with the assurance that all steps of the annual closing process will be completed correctly and on time. We guarantee:
- A personalized approach;
- Professional attitude;
- Flexibility and easy communication.
Contact us now
– we are here to help you grow your business successfully!