Term · Bookkeeping
Annual accounts (jaarrekening)
The financial statements of your business, including at least a balance sheet and a profit and loss account. Annual accounts are mandatory for a BV and must be filed.
For a sole proprietorship or VOF, the annual accounts are mainly the basis for your income tax return. Banks and mortgage lenders also ask for them.
A BV prepares its annual accounts within five months of the end of the financial year and files them with the Chamber of Commerce (KvK) within twelve months.