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Things to look out for when preparing your annual financial statements

Many SMEs use an external partner for their accounting work. To make sure everything runs smoothly, it's worth paying attention to the following points:

Fixed assets
List of inventory values ​​such as furniture, vehicles, etc.

Trade payables liabilities (creditors)
A list of all outstanding supplier invoices and expenses from the old fiscal year that will be paid in the current year. The value added tax (VAT) statement and the turnover reconciliation must also be provided.

Deferred income
List all debts relating to the previous financial year, but for which no invoices exist.

Insurance company final statements
Copies of the final statement of AHV (Old-Age and Survivors' Insurance), accident and sick pay insurance premiums, BVG (Federal Law on Occupational Retirement, Survivors' and Disability Pension Plans) premiums statement and liability insurance.

Loans / Mortgages
Bank statements from the reporting date.

Special events / Disputes
The accountant must be notified as such instances may have an impact on the annual financial statements.

Don't forget: They are key for correct financial statements, which are required for self-assessment as well as for the authorities, banks, shareholders and suppliers.