Simplified annual accounts

Sole proprietorships with net sales that normally amount to a maximum of SEK 3 million annually, are permitted to prepare a simplified annual accounts. If you don't fulfil this or if you choose not to prepare a simplified annual accounts, you must prepare an ordinary annual accounts. The difference is mainly that for simplified annual accounts, simplified valuation and accrual rules apply. There are also simplified tax rules that may only be applied if a simplified annual accounts has been prepared.

The simplified annual accounts should be prepared according to the K1 rules of BFN - Sole proprietorships with simplified annual accounts (BFNAR 2006:1).

Guidance for sole proprietorships with simplified annual accounts (BFNAR 2006:1)

You can select Simplified annual accounts (BFNAR 2006:1) under Adheres to regulatory framework in Year-end closing - Basis for tax return - Sole proprietorship - Basic information. A pre-filled tax form for simplified annual accounts is then created under Annual accounts. The values are retrieved from the NE form under Tax forms and from Basis for tax return.

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