BOOK KEEPING & ACCOUNTS
PEREZ LEGAL GROUP MARBELLA
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.
- Other records are needed for special cases.
They must be registered in the Mercantile Registry, or later when the information is stored on computers. In the latter case, within four months from the end of the accounting year.
Also, the following documents must be deposited in the Mercantile Registry:
a) Annual Financial Statement, including
- the balance sheet
- profit and loss account
- annual report
b) Management report (only for large companies)
c) Proposal of profit or loss application.
The director must present the accounts within 3 months from 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.
For more information on our bookkeeping and accounts services please contact our offices in Marbella or use our contact us form opposite.