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Every Spanish company is subject to the obligation of keeping its accounting according to the rules of the General Accounting Plan.
Depending on the size of your company you might be able to opt between an ordinary and an abbreviated accounting. The abbreviated accounting is simpler and currently applies to companies which along two consecutive financial years comply with, at least, two of the following circumstances:
- Total asset items up to 4.000.000 €
- Business annual net amount up to 8.000.000€
- Average number of employees up to 50.
Our firm has a wide experience providing accounting services to clients. We take care of preparing and drafting the company’s accounts according to Spanish law and managing the subsequent submission before the commercial authorities.