Annual financial statements by AXP
As long as nothing unusual is happening within the company, most entrepreneurs see the statutory financial statements as an unnecessary document that only costs money. The time when the annual financial statement was the only financial report an entrepreneur received from their accountant or bookkeeper is indeed long behind us and rightly so.
At AXP, we provide our clients with up-to-date and relevant management reports that support entrepreneurs in all their decision-making. From operational to strategic levels
The annual financial statement as an accountability document is still very much alive. And whenever something significant occurs within your business or personal situation, the annual accounts often take center stage.
Consider, for example, situations such as applying for financing, divorce proceedings, reorganization, or business transfer. It is also highly relevant when multiple shareholders are involved. In such cases, the annual financial statement serves as the key report through which the board can be granted discharge of responsibility.
The law sets out clear requirements for how annual financial statements must be prepared. Although our annual accounts are largely automated and therefore cost-efficiently compiled, we make no compromises when it comes to quality, accuracy, or clarity.
Readers and users of our financial statements must be able to extract exactly the information that is relevant to them.
