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My name is Grzegorz Gortych, and I proudly lead a team of experts at Wiol Accounting, a firm that has specialized in professional full-service accounting and balance sheet preparation for years. My extensive experience and solid education, gained from prestigious universities such as the University of Mercantile in Łódź, the University of Łódź, and the Warsaw School of Economics, allow me to provide top-quality services. In particular, I specialize in Balance Sheet Law and Accounting, which form the foundation of our offerings.

I continually improve my qualifications by participating in training courses in tax law, tax schemes, financial reporting, and social security (ZUS) settlements. This keeps me up to date with constantly changing regulations, ensuring that all documents, including your company’s balance sheet, are prepared in accordance with current requirements.

Grzegorz Gortych

Most often asked questions

Check the answers to key questions related to this part of the offer

What is a balance sheet and why is it important?

The balance sheet is a fundamental financial reporting document that presents a company’s assets and financing sources (liabilities) at a given point in time. It is crucial for assessing a company’s financial condition and is often required by financial institutions, investors, and government agencies.

When is an entrepreneur obliged to prepare a balance sheet?

The obligation to prepare a balance sheet applies to companies keeping full accounting records, including limited liability companies, limited partnerships and companies exceeding a certain revenue limit in simplified accounting.

Does a balance sheet have to be prepared every year?

Yes, the balance sheet is part of the annual financial statements that companies with full accounting are required to prepare at the end of each financial year.

What information does a balance sheet contain?

The balance sheet consists of two main parts: assets (fixed assets, current assets) and liabilities (equity, liabilities). Both sides must balance, meaning that assets equal liabilities.

Can I outsource the preparation of the balance sheet to an accounting office?

Yes, the preparation of the balance sheet can be entrusted to a professional accounting office that will ensure compliance with regulations and accuracy of data presentation.

What documents are needed to prepare a balance sheet?

To prepare a balance sheet, you need accounting records, balance sheets, and documents relating to fixed assets, inventories, receivables and liabilities.

Does the balance sheet need to be approved by the business owner?

Yes, in most cases the balance sheet should be approved by the owner of the company or the appropriate management body, e.g. the management board in limited liability companies.

What happens if the balance sheet is incorrect?

Errors in the balance sheet may lead to the imposition of penalties by the tax authorities and, in the case of serious irregularities, to fiscal criminal liability.

Does the balance sheet have to be submitted to the tax office?

The balance sheet is submitted to the tax office as part of the annual financial report. In the case of limited liability companies, it must also be submitted to the National Court Register.

How long should you keep your balance sheet?

The balance sheet, as part of the accounting records, must be kept for at least 5 years from the end of the year in which it was submitted.