Annual report /periodandyear/help/taxation/annual-report section Create annual report with financial statement, notes and cash flow analysis. Use templates for board report, general meeting or, declaration of completeness 2024-12-13T07:57:26+01:00 # Annual report Create annual report with financial statement, notes and cash flow analysis. Use templates for board report, general meeting or, declaration of completeness In **Year-end closing - Annual Report** you find everything you need in order to create an annual report according to the accounting act and good accounting practice for small and large businesses. A collection of different areas of the annual report is visible in the menu bar. It varies which areas are displayed depending on which accounting rules are the basis for the company. If \"Small businesses\" is selected, fewer areas will be displayed than if other accounting rules are selected, such as \"The general rules of the Accounting Act\". You can choose which areas to display at any time by clicking on the cog wheel icon at the top right and ticking the relevant areas.

Pre-populated values are updated automatically in annual report if they are changed, however if necessary you can click the refresh-icon to refresh values in annual report. Clicking the icon will start a full recalculation of values. During the process the button will be disabled but as soon as the values are updated the button will be available again.

In addition to **Areas**, **Column layout**, **Number Format** and **Language** can be selected by clicking on the cog wheel symbol. In **Column layout** you can specify which numerical material that should be included in the columns of the annual report. This is especially relevant if an extended financial year is to be reported. If the first financial year is 6 months or shorter, the company can choose to postpone reporting to the [Brønnøysund Register](https://www.brreg.no/) and include the amounts next year. It is the founding date that appears in **Settings - Company information** which manages what alternatives to the number material the system proposes for Column of numbers 1 and Column of numbers 2. In **Number format**, you can enter the format for accounts and notes. The standard number format is NOK with decimals, but you can choose whether accounts and notes should be presented in whole NOK, thousand NOK or millions NOK. In **Language**, you can change permanent language for annual report to New norwegian or English. It is the language for permanent preparation that is indicated here. If you have a temporary need to generate a translated version in another language, you can download such a file from the "Preview" tab. Submission of the annual report to Altinn is done in the menu **Year-end closing - Altinn**. ## Checklist The checklist, which is located in the side panel, is accessed by clicking on the icon in the upper right and helps you to document the work you have done. In the side panel, the task list for your selection in the left hand panel is shown. To add a comment to a task, click on the row or on the comment icon in the **Actions** column and enter your comment. To mark a task as done, click on the check mark in the **Actions** column. Click on the check mark again to undo this action. A task can be marked as **N/A**, which means that it is not applicable. You can modify the checklist to show only the tasks you want. Click on **Edit checklist** in the bottom of the side panel to do this. In this view, you can choose which tasks are active. You can add your own tasks to the checklist. This is also done in the **Edit checklist** view. The tasks you add yourself can be activated and deactivated in the same way as the standard tasks, and can also be deleted. The tasks that you have added yourself have a blue icon in the task list so that they can be easily identified. The checklist is available for print in **Year-end closing - Reports**. Choose which parts you want to include in your report in the left hand panel and select **Generate report - Download PDF**. Annual report /periodandyear/help/taxation/annual-report/document page 2024-09-12T19:33:52+02:00 # Annual report **Preview** of the annual report is shown as the first of several areas under **Annual report**. Other areas under annual report are; - Financial statements - Notes - Cash flow - Annual report - General meeting - Declaration of completeness From the preview, you can export the document by selecting **Download PDF** or **Download DOCX**from the printer icon in the upper right corner.

It is possible to generate an AI-based machine translation of the previewed annual report. Click on the - icon to select language and file format. If further adjustments to the text are needed, this can be done in Microsoft Word or a similar word processing tool.

In the menu **Information to accounting register**, you will find required information for submission of RR-0002 Annual report. - Date for approval of the annual report, needs to be filled out. - Name of the company representative, who confirms that the annual report has been approved, needs to be filled out. - Email addresses for feedback from Accounting register, needs to be filled out. Financial statements /periodandyear/help/taxation/annual-report/financial-statements page 2024-09-12T19:33:52+02:00 # Financial statements In the area **Financial statement**, you will find the sections **Income statement**, **Assets** as well as **Equity and liabilities** on the left-hand side. Mark the relevant part of the financial statement on the left side and the layout of the relevant part of the financial statement is displayed on the right side. It is possible to expand the layout by starting from an existing accounting line. This is done by clicking on the menu icon that appears when you hold the cursor over the field and select **Copy**.

For example, if you want to split Revenue into "Revenu cars" and "Auto repair shop", you can first copy the accounting line Revenue, edit the line text to "Auto repair shop" and then click on the arrow in front of the relevant account to push the account over to the newly created accounting line "Auto repair shop".

You can also change the order of accounting lines within a template line, for example within the template line Revenue. 1. Click on the menu icon that appears when you hold the cursor over the field. 2. Select **Move up** or **Move down** depending on which accounting line you are on. You can also choose to delete an accounting line that you have previously created. This is done by clicking on the menu icon that appears when you hold the cursor over the field and selecting **Delete**.

If you want an accounting line to always be visible in the layout, despite the fact that the balance is 0 on accounts linked to the accounting line in question, you can click on the menu icon that appears when you hold the cursor over the field and select Show always.

 Signatures /periodandyear/help/taxation/annual-report/signatures page 2024-09-12T19:33:52+02:00 # Signatures By turning on **The integration to BrReg.no**, signatures can be fetched from [Brønnøysund Register Centre](https://www.brreg.no/). If necessary it is possible to edit retrieved information by turning off the integration after retrieval. As long as the integration is turned off it is possible to add or delete board members manually. Notes /periodandyear/help/taxation/annual-report/notes-small-businesses section 2024-12-13T07:57:26+01:00 # Notes In **Year-end closing - Annual report - Notes**, you will find a proposal of notes that can be filled out for the company. The system generates notes that are required for small businesses in accordance with the law\'s minimum requirements, cf. amendment to the Accounting Act with effect from 01.07.2021. Some notes are required and some are generated based on registered values on reference accounts. When creating a new client, the system defaults **Small businesses** in the field for which rules are used when preparing the annual report. Notes for small businesses will therefore be visible under the Notes area.

To change this setting go to Year-end closing - Information and tax - Client information.

If **General rules of the Accounting Act** or if one of the other types of companies has been checked, notes for small companies will still be visible under Notes, but there will also be some special notes that may be relevant for large and other companies. These special notes will then appear under **Add - Numbered note**.

Since there are no machine-readable notes for large and other companies, you have the option to delete all notes, unlike some notes for small companies which are mandatory and machine-readable. The note information to be given in the annual report must be assessed individually for each individual company.

Numbered note information for items in the balance sheet and income statement is presented in the same order as the items in the balance sheet and income statement. Notes that do not have a reference to a specific accounting line are created as unnumbered notes and presented before numbered notes. Examples of unnumbered notes are Accounting principles and Uncertainty about continued operations. If needed, you can add notes that are not generated automatically by the system, by clicking on the button **Add new** on the lower left in the menu. You can choose between **Introductory (unnumbered), Numbered note** or **Closing (unnumbered)**. > [!TIP] Override note headings > You can override all default note headings by selecting *Edit*. You can delete a note by clicking on **Delete** at the bottom of the page. Gray fields contain system-generated values. You can change the value of a system-generated field by clicking on the menu icon that appears when you hold the cursor over the field. Select **Override**. Overridden fields change colours from grey to yellow. To restore the value, hold the cursor over the field again, click on the menu icon and select **Reset**. In white fields, enter values manually. If you want to know which accounts are included in fields with system-generated values, you can click on the menu icon that appears when you hold the cursor over the field and select **Show accounts.** Under **Note reference in income statement/balance sheet** at the bottom of the screen of each note, you see which accounting lines the note is linked to. Here you also see the value on the accounting line in the annual report so that you can easily compare with the total value in the note where applicable. The value field in the note reference section is displayed with the same sign as the presentation in the annual report. Note references can be edited and you can add or remove references. Start typing in the text field to search for an accounting line to which you want to refer the note to. Click on the add- or remove symbol to add more references or to remove references. The notes **Regnskapsprinsipper** and **Manuell note** can be edited and built up with the text editor functionality. You can create/edit tables, change texts and insert various variables that will contribute to more automation in the manual note. Accounting policies /periodandyear/help/taxation/annual-report/notes-small-businesses/accounting-policies page 2024-09-12T19:33:52+02:00 # Accounting policies In **Year-end closing - Annual report - Notes - Accounting policies**,you will find the note on applied accounting principles, so that the stakeholders of the annual report receive information about which rules and principles are used as a basis for submitting the annual report. The note is dynamic and relevant text for the company is displayed on the basis of book entries made at reference account level. If desired, the note can be edited by clicking on **Custom note** at the top right of the page. Based on the functionality in the text editor, you can create/edit tables, change texts and insert various variables that will contribute to more automation in the manual note. Number of man-years /periodandyear/help/taxation/annual-report/notes-small-businesses/manyears page 2024-09-12T19:33:52+02:00 # Number of man-years In **Year-end closing - Annual report - Notes - Number of man-years**, you will find the note about number of employees during the accounting year. The corresponding number that was entered in the field **Number of man-years** in **Information - Client information** will appear here. If the company has not had any employees during the accounting year, a text box will appear with a prewritten template confirming this. This template can be edited if needed. Payroll expenses /periodandyear/help/taxation/annual-report/notes-small-businesses/payroll-employees page 2024-09-12T19:33:52+02:00 # Payroll expenses In **Year-end closing - Annual report - Notes - Payroll expenses**, you will find a note regarding the company's payroll expenses during the year. Given that the number of employees has been entered in **Year-end closing - Information and tax - Information - Client information**, a table with specification of salary costs for the company, including **Salary**, **Employer\'s contribution**, **Pension costs** and **Other related benefits**, will appear. The table shows system-generated values based on bookkeeping done at the reference account level. Approve the note by clicking on the status symbol in the column **Done**in the view to the left. Return to preview by selecting **Preview** in the lower right. Mandatory occupational pension /periodandyear/help/taxation/annual-report/notes-small-businesses/pension page 2024-09-12T19:33:52+02:00 # Mandatory occupational pension In **Year-end closing - Annual report - Notes - Mandatory occupational pension**,you will find the note where it is stated whether the company is obliged to have the pension rules according to the rules for mandatory occupational pension. The note is filled in manually. Fixed and intangible assets /periodandyear/help/taxation/annual-report/notes-small-businesses/fixed-intangible-asset-small-businesses page 2024-09-19T15:50:46+02:00 # Fixed and intangible assets In the menu **Year-end closing - Annual report - Notes - Fixed and intangible assets**, you will find the note regarding the company's fixed assets. The note is generated automatically if the selected data source is **Fixed asset register**. Manual registration is also an alternative if you prefer to fill in the values directly in the note. If so, no values will be fetched. With data source **Fixed asset register** will the values in the note be filled out automatically if the information was filled out in **Year-end closing - Information and tax - Information - Fixed assets register**. These values are grey in the note and can be overwritten directly in the note if needed. Read more in [Fixed asset register](/periodandyear/help/taxation/impersonal/information/basis-values/fixed-assets-register). Approve this note by clicking on the status symbol in the column **Done**in the view to the left. Return to preview by selecting **Preview** in the lower right. Audit /periodandyear/help/taxation/annual-report/notes-small-businesses/audit page 2024-09-12T19:33:52+02:00 # Audit In **Year-end closing - Annual report - Notes - Audit**,you will find the note on fee to the auditor. The note is filled in automatically with values from book entries made at reference account level. Accounts receivable /periodandyear/help/taxation/annual-report/notes-small-businesses/accounts-receivable page 2024-09-12T19:33:52+02:00 # Accounts receivable In **Year-end closing - Annual report - Notes - Account Receivable**, you will find a note regarding the company's receivables. The note is filled with values based on bookkeeping done at the reference account level. Fixed assets /periodandyear/help/taxation/annual-report/notes-small-businesses/fixed-assets page 2024-09-19T15:50:46+02:00 # Fixed assets In the menu **Year-end closing - Annual report - Notes - Fixed assets**, you will find the note regarding the company's fixed assets. The note is generated automatically if the selected data source is **Fixed asset register**. Manual registration is also an option if you want to enter the values manually directly in the note. Then no values are retrieved. With the data source **Fixed assets register**, the note is automatically filled in with values if information has been entered in **Year-end closing - Information and tax - Information - Fixed assets register.** In the note, these values are grey and can be overridden directly in the note. Read more in [Fixed asset register](/periodandyear/help/taxation/impersonal/information/basis-values/fixed-assets-register). Loans and collateral to members of governing bodies. /periodandyear/help/taxation/annual-report/notes-small-businesses/loans-and-collatteral-small-businesses page 2024-09-12T19:33:52+02:00 # Loans and collateral to members of governing bodies. In **Year-end closing - Annual report - Notes -Loans and collateral to members of governing bodies.** you will find a note regarding the company's loans to executives during the year. The note is manually filled in. Receivables /periodandyear/help/taxation/annual-report/notes-small-businesses/receivables-small-businesses page 2024-09-12T19:33:52+02:00 # Receivables In **Year-end closing - Annual report - Notes - Receivables**, you will find a note regarding the company's receivables. The note is filled with values based on bookkeeping done at the reference account level. Bank deposits /periodandyear/help/taxation/annual-report/notes-small-businesses/bank-deposits page 2024-09-12T19:33:52+02:00 # Bank deposits In **Year-end closing - Annual report - Notes - Bank deposits** you will find the note regarding the company\'s bank deposits. The note is automatically filled with values based on bookkeeping done at the reference account level. Share (with company view) /periodandyear/help/taxation/annual-report/notes-small-businesses/shares page 2024-09-12T19:33:52+02:00 # Share (with company view) In **Year-end closing - Annual report - Notes - Shares (with company views)**, you will find the note where the company\'s shares are specified. The note is only available with **General rules of the Accounting Act** or one of the other types of companies in **Client information** are checked. The note is filled in manually. Debt and guarantee obligations /periodandyear/help/taxation/annual-report/notes-small-businesses/debt-guarantee-obligations-small-businesses page 2024-09-12T19:33:52+02:00 # Debt and guarantee obligations In **Year-end closing - Annual report - Notes - Debt and guarantee obligations**, you will find a note regarding the company's debt during the year. Click **Add**and select the note in the dialog box that appears. The note is filled in manually with information. Approve this note by clicking on the status symbol in the column **Done** in the view to the left. Return to preview by selecting **Preview** in the lower right. Equity /periodandyear/help/taxation/annual-report/notes-small-businesses/equity page 2024-09-12T19:33:52+02:00 # Equity In **Year-end closing - Annual report - Notes - Equity**, ou will find the note specifying the company\'s equity capital. The note is filled in automatically with values from book entries made at reference account level. Income tax /periodandyear/help/taxation/annual-report/notes-small-businesses/tax-expense page 2024-09-12T19:33:52+02:00 # Income tax In **Year-end closing - Annual report - Notes -Income tax**, you will find the note specifying the company\'s income tax. The note is filled in automatically with values from book entries made at reference account level. Temporary differences /periodandyear/help/taxation/annual-report/notes-small-businesses/temporary-differences page 2024-09-12T19:33:52+02:00 # Temporary differences In **Year-end closing - Annual report - Notes -Temporary differences** you will find the note specifying the company\'s temporary differences. The note is filled in automatically with values from book entries made at reference account level. Debt /periodandyear/help/taxation/annual-report/notes-small-businesses/debt page 2024-09-12T19:33:52+02:00 # Debt In **Year-end closing - Annual report - Notes - Debt**, you will find a note regarding the company's debt during the year. Click **Add**and select the note in the dialog box that appears. The note is filled in manually with information. Approve this note by clicking on the status symbol in the column **Done** in the view to the left. Return to preview by selecting **Preview** in the lower right. Uncertainty about continued operation /periodandyear/help/taxation/annual-report/notes-small-businesses/uncertainty page 2024-09-12T19:33:52+02:00 # Uncertainty about continued operation In **Year-end closing - Annual report - Notes** you can add the note **Uncertainty about continued operation**. If there is uncertainty about the prerequisite for continued operation, it is necessary to explain this uncertainty. Click on **Add new**, and choose the note in question in the dialogue box that appears. Approve this note by clicking on the status symbol in the column **Done**in the view to the left. Return to preview by selecting **Preview** in the lower right. Loans and collateral to executives, shareholders, etc. /periodandyear/help/taxation/annual-report/notes-small-businesses/loans-and-collatteral page 2024-09-12T19:33:52+02:00 # Loans and collateral to executives, shareholders, etc. In **Year-end closing - Annual report - Notes - Loans and collateral to executives, shareholders, etc.** you will find a note regarding the company's loans to executives during the year. The note is manually filled in. Extraordinary income and expenses /periodandyear/help/taxation/annual-report/notes-small-businesses/extraordinary-income page 2024-09-12T19:33:52+02:00 # Extraordinary income and expenses Information shall be provided on the size and nature of extraordinary income and expenses. In **Year-end closing - Annual report - Notes**, you can choose to add the note **Extraordinaary income and expense**. Click **Add** and select the note in the dialog box that appears. The note is manually filled in with information. Approve this note by clicking on the status symbol in the column **Done** in the view to the left. Return to preview by selecting **Preview** in the lower right. Fair value of financial instruments /periodandyear/help/taxation/annual-report/notes-small-businesses/fair-value-financial-instruments page 2024-09-12T19:33:52+02:00 # Fair value of financial instruments In **Year-end closing - Annual report - Notes - Fair value on financial instruments**, you can choose to add a note regarding the company's financial instruments during the year. Click **Add**and select the note in the dialog box that appears. The note is filled in manually with information. Approve this note by clicking on the status symbol in the column **Done** in the view to the left. Return to preview by selecting **Preview** in the lower right. Group, associated companies etc. /periodandyear/help/taxation/annual-report/notes-small-businesses/group-associated-comapnies-small-businesses page 2024-09-12T19:33:52+02:00 # Group, associated companies etc. In **Year-end closing - Annual report - Notes - Group, associated companies etc**, you will find a note regarding group and associated companies. The note is manually filled in. Click **Add**and select the note in the dialog box that appears. The note is filled in manually with information. Approve this note by clicking on the status symbol in the column **Done**in the view to the left. Return to preview by selecting **Preview** in the lower right. Own shares and member accounts in cooperatives /periodandyear/help/taxation/annual-report/notes-small-businesses/own-shares-small-businesses page 2024-09-12T19:33:52+02:00 # Own shares and member accounts in cooperatives In **Year-end closing - Annual report - Notes - Own shares and member accounts in cooperatives**, you will find the note regarding the company\`s own shares shares as well as the cooperative\'s information on member accounts. The note is filled in manually. Client funds and client /periodandyear/help/taxation/annual-report/notes-small-businesses/client-funds page 2024-09-12T19:33:52+02:00 # Client funds and client In **Year-end closing - Annual report - Notes - Client funds and client liability**, you will find the note specifying the company\'s client funds and client liability. The note is filled in automatically with values from book entries made at the reference account level on the top line. If it is relevant to specify client funds and client liability on several lines, click on the plus sign and add a new line. When you enter values on a new line, the corresponding value will be reduced on the top line so that the total value in the note corresponds to the value in the annual report. Manual note /periodandyear/help/taxation/annual-report/notes-small-businesses/manual-note page 2024-09-12T19:33:52+02:00 # Manual note In **Year-end closing - Annual report - Notes** you can add a manual note if you need a note with a custom headline and text. Click on **Add new**, and choose **Manual note** in the dialogue box that appears. The manual note will be placed at the end. The heading of the note is editable and the note consists of an empty text box where you enter the desired text. Approve this note by clicking on the status symbol in the column **Done**in the view to the left. Return to preview by selecting **Preview** in the lower right. Specification of pledges and guarantees /periodandyear/help/taxation/annual-report/notes-small-businesses/specification-of-pledged-assets page 2024-09-12T19:33:52+02:00 # Specification of pledges and guarantees In **Year-end closing - Annual report - Notes - Specification of pledges and guarantees**you will find the note where the company\'s debt is specified both for this year and last year. The note is only available if **The general rules of the Accounting Act** or one of the other types of companies is checked in **Client information**. The note is filled in manually. Group, subsidiaries and associated companies /periodandyear/help/taxation/annual-report/notes-small-businesses/group-subsidiaries page 2024-09-12T19:33:52+02:00 # Group, subsidiaries and associated companies In **Year-end closing - Annual report - Notes - Group, subsidiaries and associated companies**, you can choose to add the note **Group, subsidiaries and associated companies**. Click **Add**and select the note in the dialog box that appears. The note is filled in manually with information. Approve this note by clicking on the status symbol in the column **Done**in the view to the left. Return to preview by selecting **Preview** in the lower right. Benefits for executives /periodandyear/help/taxation/annual-report/notes-small-businesses/benefits-for-executives page 2024-09-12T19:33:52+02:00 # Benefits for executives In **Year-end closing - Annual report - Notes - Benifits for executives**, you will find the note about benefits paid to CEO or other executives. Information is manually filled in. Inventories /periodandyear/help/taxation/annual-report/notes-small-businesses/inventories page 2024-09-12T19:33:52+02:00 # Inventories In **Year-end closing - Annual report - Notes - Inventories**, you will find the note where the company\'s inventory is specified. The note is only available if **General rules of the Accounting Act** or one of the other types of companies in **Client information** is checked. The note is filled in automatically with values from book entries made at reference account level. Cash flow /periodandyear/help/taxation/annual-report/cash-flow page 2024-12-13T07:57:26+01:00 # Cash flow A cash flow statement is a financial report that provides an overview of the company\'s cash movements during a specific time period. It provides information about the company\'s liquidity, and its ability to meet short-term obligations and cover current expenses. Large companies must include cash flow statement as part of the annual report. In the **Cash flow** area, you will find an automatically calculated cash flow statement based on figures from the accounts. **Cash flow** and **Variables** are shown on the left side of the page. Each individual line in the cash flow statement can be expanded to see in more detail the underlying values. In addition, a line with open fields is displayed where you can add information and values that the system does not take into account automatically. In addition, a line with open fields is displayed where you can add information and values that the system does not take into account automatically, if applicable.

Values entered in the manual fields are included in the main line of the cash flow statement.

Variables are shown on the left side of the page with a right side where values can be entered manually. This is applicable, for example, in cases where the company has realized operating assets or taken out new loans during the year. Values entered in the manual fields are included in the cash flow statement. > [!Tip] Note references > You can add note references to cashflow lines by selecting one or multiple notes at the bottom of the page. Board report /periodandyear/help/taxation/annual-report/board-report page 2024-09-12T19:33:52+02:00 # Board report A board report is a formal report that gives a summary overview of the company\'s financial situation and activities during a financial year. Large companies must include the **Board report** as part of the annual report. In the **Board report** area, you can, if desired, use a template to design the company\'s board report. This is done by clicking on the button **Template**. The template can be edited and built up with the text editor functionality. You can create/edit tables, change texts and insert various variables that will contribute to more automation in the board report. General meeting /periodandyear/help/taxation/annual-report/general-meeting page 2024-09-12T19:33:52+02:00 # General meeting A general meeting protocol is a written record or report that documents the most important decisions, discussions and events that take place during a general meeting in a company or organisation. The general meeting is a formal meeting arena where the shareholders or members gather to make important decisions about the company\'s management, finances and other relevant matters. The general meeting protocol acts as a legal document and an important reference tool for the company. In the **General meeting** area, you can, if desired, use a template to create the company\'s general meeting protocol. This is done by clicking on the button **Template**. The template can be edited and built up with the text editor functionality. You can create/edit tables, change texts and insert various variables that will contribute to more automation in the general meeting protocol. Declaration of completeness /periodandyear/help/taxation/annual-report/declaration-of-completeness page 2024-09-12T19:33:52+02:00 # Declaration of completeness A declaration of completeness is a statement by the accountant or auditor that they have reviewed the accounts or accounting documents of a client and that they believe the information is complete and accurate in accordance with applicable accounting standards or guidelines. In the **Declaration of completeness** area, you can, if desired, use a template to create the company\'s completeness. This is done by clicking on the button **Template.** The template can be edited and built up with the text editor functionality. You can create/edit tables, change texts and insert various variables that will contribute to more automation in the completeness statement.