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At the end of the financial year, the licensed accounting team prepares your official annual accounts and tax return. The accountants do the work. You read it, ask in the chat if anything looks off, then approve and sign it. Rise posts transactions as they happen and books accruals every month, so the annual accounts do not start from nothing. There is no year-end scramble to find missing receipts or untangle old postings.

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The yearly cycle

1

The financial year ends

The accounting team reviews the year, completes the accruals and prepares the annual accounts.
2

You approve and sign the accounts

Rise notifies you when the annual accounts are ready. Read them through and ask in the chat if a figure puzzles you. When you are satisfied, approve and sign.
3

The general meeting adopts the accounts

The annual accounts are adopted at the general meeting. Rise prepares the minutes.
4

The tax return goes to the tax authority

Rise prepares and files the corporate tax return within the statutory deadline.
5

The accounts are registered

The adopted annual accounts are registered with the trade register, where local law requires it.
Filing deadlines and registration duties depend on the country where your company is registered. Your accounting team confirms the dates that apply to you.

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What is expected of you

Three things, no more:
  • Read the draft. Check that the figures match what happened during the year.
  • Ask if something puzzles you. The accounting team answers in the chat.
  • Approve and sign. The annual accounts go no further until you have signed them.

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What the service covers

Annual accounts and tax return

Official annual accounts and the corporate tax return for every financial year.

VAT and statutory filings

VAT returns for every period and the other regular statutory filings.

Minutes

One set of board minutes and one set of general meeting minutes each year.

Audit coordination

Rise coordinates the audit and delivers the material to the auditor.
Some work falls outside monthly bookkeeping and is agreed separately: posting investments, company and business acquisitions, assisting in an audit, and catch-up work on earlier financial years.

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Your first year-end in Rise

If you move to Rise mid-year, your previous accounting firm usually still prepares the annual accounts for the year before. Rise takes responsibility for the current financial year and reviews the bookkeeping backwards as well. You can move at the turn of any month. The turn of the financial year is the easiest moment, but it is not required. → Onboarding

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Responsibility

Statutory responsibility for the bookkeeping always stays with the company. Rise does the work, keeps the records and makes sure the bookkeeping meets local requirements. If an accountant spots a mistake, they tell you straight away.

VAT returns

Reporting periods, deadlines and approval.

Reporting

Profit and loss, balance sheet and cash flow, always current.

Accounting team

Who prepares your annual accounts.

Compliance

Security, GDPR and record retention.