5-Step Annual Report Submission With Companio
Preparing your annual report with Companio is very easy! You just have to follow these 5 steps.
When the annual report preparation begins, you will receive notifications through our newsletter, emails, and notifications on the platform.
To start, access the Companio platform and click on "Let's go!" to prepare your annual report and make the payment.
Once the payment is completed, a new annual report will be created, and your assigned accountant will be notified to start the process.
After the payment, the accountant will review the requisites and necessary documents for you to prepare and submit your annual report. You will receive notifications to upload these documents to the platform.
Once you have gathered them, you will receive a notification and can start uploading them from the platform. After uploading, you will link the transactions with the corresponding invoices or documents.
Finally, if you have met all the requisites, click "all requisites are completed".
Two scenarios can occur here: you may have had profits or losses.
If you have incurred losses, you must choose between three different options to offset these losses: intangible expenses, personal loan, or increase in share capital, as explained here.
In this phase, your accountant will review and approve or reject the requisites. Once reviewed and approved, your accountant will begin preparing the annual report. You will receive notifications and can review and accept or reject the financial position and profit and loss statements.
Once you and the accountant have sent and reviewed all the requisites and documents, it's time to review and sign the annual report by all company members.
When the accountant confirms that the annual report has been signed, we will send it to the Estonian authorities. Once all the previous steps are completed, you will receive a confirmation message informing you that the annual report has been sent. Additionally, you will be able to provide your feedback on the process.
The period to request the annual report for your company begins on January 1 and ends on March 31.
The deadline to upload all the required information to our accountants is May 31, so our accounting department has enough time to prepare your report.
IMPORTANT: We will not reimburse the payment for the preparation of the annual report if we cannot do it due to a lack of information, documentation, or collaboration on your part.
Do you want to see how the annual report is prepared and submitted with Companio? In this video, we explain all the steps. 👇🏻
STEP 1: Payment
When the annual report preparation begins, you will receive notifications through our newsletter, emails, and notifications on the platform.
To start, access the Companio platform and click on "Let's go!" to prepare your annual report and make the payment.
Once the payment is completed, a new annual report will be created, and your assigned accountant will be notified to start the process.
STEP 2: Requisites
After the payment, the accountant will review the requisites and necessary documents for you to prepare and submit your annual report. You will receive notifications to upload these documents to the platform.
Once you have gathered them, you will receive a notification and can start uploading them from the platform. After uploading, you will link the transactions with the corresponding invoices or documents.
Finally, if you have met all the requisites, click "all requisites are completed".
STEP 3: Preparation & Confirmation
Two scenarios can occur here: you may have had profits or losses.
If you have incurred losses, you must choose between three different options to offset these losses: intangible expenses, personal loan, or increase in share capital, as explained here.
In this phase, your accountant will review and approve or reject the requisites. Once reviewed and approved, your accountant will begin preparing the annual report. You will receive notifications and can review and accept or reject the financial position and profit and loss statements.
STEP 4: Signature
Once you and the accountant have sent and reviewed all the requisites and documents, it's time to review and sign the annual report by all company members.
STEP 5: Submission
When the accountant confirms that the annual report has been signed, we will send it to the Estonian authorities. Once all the previous steps are completed, you will receive a confirmation message informing you that the annual report has been sent. Additionally, you will be able to provide your feedback on the process.
Deadlines
The period to request the annual report for your company begins on January 1 and ends on March 31.
The deadline to upload all the required information to our accountants is May 31, so our accounting department has enough time to prepare your report.
IMPORTANT: We will not reimburse the payment for the preparation of the annual report if we cannot do it due to a lack of information, documentation, or collaboration on your part.
Do you want to see how the annual report is prepared and submitted with Companio? In this video, we explain all the steps. 👇🏻
Updated on: 15/11/2023
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