Annual report
Create your annual report in 30 minutes
No back-and-forth with invoices and receipts and no waiting for an accountant. Presentable documentation in just a few clicks.
How can I create an annual report?
Upload your company’s bank statement
Use ann. to classify all transactions
Review the completed report
Download the XBRL file to submit to the Estonian Business Register.
Creating an annual report is required even if your company is not active
With ann., you can still create the required annual report.3
If needed, add cash transactions or transactions made with a personal bank card
Review the completed report
Download the XBRL file to submit to the Estonian Business Register.
Create your annual report
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Annual report
- Micro-enterprise annual report
- Suitable for VAT-registered businesses
- Suitable for businesses with fixed assets
- Suitable for businesses with employees
- Suitable for businesses that make investments
- Intuitive, built-in guidance throughout the process
- Helpful support
- 30-day money-back guarantee
What ann. experience
Perfectly reasonable questions
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An annual report is an overview of a company’s financial position and economic performance. An annual accounting report must present relevant and truthfully represented information about the financial position and operating results of the accounting entity. An annual report consists of the main financial statements—the balance sheet and the income statement—as well as the accompanying notes.
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A company’s financial year has a duration of 12 months. In most cases, the financial year coincides with the calendar year (from 1 January to 31 December), but the company’s articles of association or another document governing its activities may specify a different financial year.
Upon the establishment or termination of a company, or upon a change of the start date of the financial year, the financial year may exceptionally be shorter or longer than 12 months, but not longer than 18 months.
For example, if a company was established on 15 August 2024 and the calendar year is chosen as the financial year, the reporting period of the first annual report may be from 15 August 2024 to 31 December 2025.
If a company was established on 15 May 2024, the first annual report period will be from 15 May 2024 to 31 December 2024.
The balance sheet date of the reporting year is the final date of the annual report period, as of which the entire reporting year is summarized. If the company’s reporting period is the calendar year (01.01–31.12), the balance sheet date is 31 December. As of this date, the company’s financial position and operating results are presented in the annual report.
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Submission of an annual report is mandatory for all companies registered in Estonia, even if the company has not carried out any business activity during the financial year.
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The deadline for submission is six months after the end of the company’s financial year. For example, if the financial year ends on 31 December, the submission deadline is 30 June.
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If the annual report is not submitted on time or is not submitted at all, the registrar has the right to impose a fine on the company that failed to submit the report, without prior warning. If the annual report is not submitted within six months after the statutory deadline, the registrar initiates supervisory proceedings against the legal entity pursuant to § 60 of the Commercial Code (ÄS), § 361 of the Non-Profit Associations Act (MTÜ), or § 341 of the Foundations Act (SAS). Such proceedings may result in the deletion of the legal entity from the register or its compulsory dissolution.
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No problem. With the help of ann. you can quickly and easily prepare all missing reports. You can start with the earliest one and then proceed to the subsequent reports.