What is the deadline for the submission of annual financial statements?

An accountant is an important person in any enterprise. After all, it is his work, his activity is aimed at analyzing and finding out the financial situation at the firm. According to the accounts of the accountant, it becomes clear how profitable or unprofitable the enterprises are, there are gaps in activity, the most unprofitable and unpromising industries, departments. Also, according to reports, you can judge where the funds go and whether all costs are justified. Therefore, it is extremely important not to miss the deadline for the submission of annual financial statements, but to do everything on time. First, your high-quality work will be appreciated by your superiors, and secondly, you will avoid many problems, such as fines for not submitting reports on time. Penalties are imposed by the tax service on the whole firm, and in some cases they are incredibly high. Therefore, due to this negligence you can be fired.

How to make it on time? The fact is that experienced accountants have their secret: they make a calendar and are guided by it, what, when and how much to pass. As for the annual reporting, it should be started in advance: the amount of work is too great, even three sleepless nights will not help here. In addition, it is extremely dangerous to perform such difficult and responsible work at night in a sleepy state: one error can lead to the fact that the entire report will be incorrect and will have to be altered.

Thus, the deadlines for the submission of annual accounts are, as a rule, "burned" after 90 days have passed since the end of the reporting year. It can be either June 30, or March 31 - in different organizations in different ways. In addition, the date changes every year. To clarify the timing of the submission of annual financial statements, it is necessary for the bosses, so that later there would be no problems and quarrels: after all, he knows for sure. And the dates must be written down in your accounting calendar and underlined in red - this is the most important work for the whole year: it will evaluate not only the activity of the whole enterprise, but yours in particular, as an accountant.

By the way, this year the deadline for the submission of annual financial statements would be postponed to May 18. This is recorded in Article 6.1 of the "Accounting Law". It is very useful to view this law, as well as the main amendments to it, and record all dates and changes again in your calendar. For your information, in the same amendment it is said that it is possible to submit a report on the last day, when the deadline for the submission of annual financial statements is coming out . This can be done up to 24 hours. By the way, if the final deadline falls on a day off, then you can turn it over to the next worker. However, this does not always happen. Each date should be approached individually. If you can keep within such a time frame, then the term will not be considered missed, which will not be considered an offense. However, do not hold out until such a moment: the delicate situation will make you and your leadership nervous.

And now let's sum up, as a good accountant does: he collects all the information and figures about the annual accounts long before the deadline for the submission of annual financial statements. Even more: information on the first three quarters he picks up in advance: at least a week before the end of the term. After all, in the data for the past quarters, nothing will change exactly. There remains 4 quarter: first you need to prepare a report on this quarter, calculate profit, income and expense. After that, enter all the necessary information on the quarter in the annual report, summarize everything and submit to the appropriate authorities in advance. In this you will be helped by a full knowledge of the dates of delivery for this year, as well as the compilation of a calendar in which all these dates will be diligently marked.