Please note that both the accounting books and the annual accounts are a consequence of the accounting that has already been prepared. Both are extracted from it.
In the day-to-day running of companies, it is not usual for the accounting to be completed on the very day the year ends, because there is usually documentation that takes more days to arrive, sometimes some items still need to be determined or telegrama sa pilipinas one or more accounts need to be balanced.
But when all this is done, there is plenty of time to file the books and prepare the accounts because the computer program does most of the work.
You just have to give the order to obtain both the daily journal and the inventory and annual accounts book.
And many of the applications also contain the standardized tax forms that must be submitted to the Commercial Registry.
This means that compliance with these obligations does not require too much time, as it involves preparing a series of reports and completing the relevant procedures in the registry.
Advantages of presenting Annual Accounts
The Commercial Registry works like other registries (the property registry, for example): they are all public, so anyone can go to them and request information about their content.
That is, anyone interested can access the accounts submitted by any entity and even obtain a copy.
