On the one hand, commercial balance sheets are required by law, but they also fulfill good functions for companies and their partners: on the one hand, they show investors how a company is doing and how it has developed. On the other hand, the commercial balance sheet is an important statement for company management and shareholders about the company’s net assets, financial position and results of operations.
Qualified decisions can be made on the basis of the commercial balance sheet, e.g. with regard to investments, marketing activities, when investors or buyers are sought for a company or when banks grant loans. And last but not least, the potential profit distribution for the shareholders is calculated from the commercial balance sheet.
Due to deviating regulations in commercial and tax law, a tax balance sheet that differs from the commercial balance sheet must also be prepared in some cases.
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