The information needed in a Finnish financial statement is mandated in different regulations ranging from accounting law to company legislation. Just one more factor that can cause confusion is the accounting legislation reform, which took effect on the 1st of January 2016. While accounting period 2015 happened before the reform, the reformed legislation can be applied to the financial statement of 2015.

The main list of documents that should be provided:

  • Tax decision for the previous accounting period
  • All missing invoices and cash receipts
  • A breakdown of accounts payable and accounts receivable
  • Inventory on 31.12.2015 in order to determine the change in inventory
  • Records from board meetings and shareholders’ meetings
  • Cash balance and all other account balances (bank account, loans etc.)
  • Write-off plans for fixed assets, if not yet provided

You can find more information about documents that should be provided when your company has loans or doesn’t make use of our extensive payroll services on our Finnish website.