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Organising Corporate and Personal Life in Spain

Company Accounting in Spain

 

 

What annual requirements are needed?

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Most accounting years are January to December in Spain, but this can be varied.

In July, you need to present annual accounts to the Registry.

A minute of a meeting adopting the annual accounts needs to be singed by the Directors, and the signature needs to be confirmed with a Notary to be a true and valid signature. This Minute is lodged with the annual accounts.

The Annual Accounts are in a standard format, which includes:

  • Registration details of the company
  • A Profit and Loss account
  • A Balance Sheet
  • Statements on the movement on Capital and Reserves Accounts
  • Notes to the Accounts (usually called the "memoria")
  • A statement on the Ecological Impact of the Company

Filing of the accounts is mostly electronic, so typically the pack of documents that we lodge is small, including a disc, and a statement that the accounts are correctly filed.

Legalising the Books of Accounts

Typically, the Journal of a company (the list of accounting entries) is legalised in the first four months after the end of the accounting year in the local registry.