Bookkeeping and Accounting Services

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When running a business, correct and legally compliant book keeping is essential. In Spain companies are required by law to maintain the following records:

Daily Journal
Inventory and balance sheet
Shareholders’ registry
Committee minutes
Register of contracts between sole shareholders and the company, in the case of an individual limited company.
Register of contracts between sole shareholders and the company, in the case of an individual limited company.

They must be registered in the Mercantile Registry, or within 4 months from the end of the accounting year, when the information is stored on computers. Also, the following documents must be deposited in the Mercantile Registry:

k

Annual Financial Statement

..including:
the balance sheet
profit and loss account
annual report

i

Management Report

Only for large companies



Proposal of Profit or Loss Application

The director must present the accounts within the 3 months prior the end of the accounting year, and the Board must approve them within 6 months of the end of the accounting year. Once approved, the accounts must be deposited in the Mercantile Registry within one month of approval along with a certification of the profit or loss application.