During the preparation of your annual report, Companio generates two documents for you to review: the statement of financial position and the statement of profit and loss. These show the results of the financial year.
If your company earned a profit, you’ll need to indicate whether you want to distribute dividends and – if so – how much. If your business experienced losses, our system offers three possible solutions to prevent a bankruptcy scenario:
- declaring certain expenses as intangible assets
- waiving a personal loan (if applicable) previously granted to the business
- increasing the share capital to cover the loss
For each one of these cases, you’ll need to sign and upload a document to be included in the report. Don’t worry: We have templates and instructions for each alternative – and our customer service team will help you every step of the way.