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.