solved so closed

[dreamstep]

solved so closed

[betelgeuse]

You are looking to Google the term "tilintarkastaja". It would cost at least some hundreds of euros. The auditor should have access to all accounting material. If you have never used an accountant, then you might need to first pay an accountant to get your books in order. I also suggest telling the forum the reason you need to have statements audited.

[dreamstep]

solved so closed

[Upphew]

One more question is, if the business is online, and the online record is kept only for several months. What kind of proof should be provided?

The records should be kept 7 years.

[betelgeuse]

Thanks for your information.

It is required by ELY-keskus, becasue of renewing residence permit.

In fact, they asked a "audited final accounts (income statement and balance sheet)". What's it exactly?

Final accounts are what you must do after a fiscal year by law. They are the basis for filling tax forms for example. Depending on your business you might be able to use Single-entry bookkeeping and then balance sheet is not required:

http://en.wikipedia.org/wiki/Single-ent ... ing_system
http://yrityksenkirjanpito.blogspot.fi/ ... itaan.html

Since you do not know what these documents are, you clearly are not familiar with Finnish bookkeeping laws. This means you must hire an accountant to first create the final accounts. Then you can pay an auditor to audit the documents.

Do anyone have such direct experience and can tell the way to do it?

Doubtful anyone will teach you how to do accounting for free in this forum thread. Most likely you will want at least some kind of online software for which you would google "kirjanpito". However, when hiring an accountant they can suggest software too or then you buy full service from them when they take care of using their own software etc.

[Rick1]

I do not know what kind of imperium you have but if it is a small business, small sole trader, you do not need to be audited IMO. A bookkeeper (200/300 pm)you need to file the necessary papers, income statement, balance sheet (taxes etc.). If the authorities want more info they can ask for it.

[betelgeuse]

I do not know what kind of imperium you have but if it is a small business, small sole trader, you do not need to be audited IMO. A bookkeeper you need to file the necessary papers, income statement, balance sheet (taxes etc.). If the authorities want more info they can ask for it.

A bookkeeper is not required either but often it is money well spent. The OP said migri wants the financial statements to be audited which seems to be the case based on the English form:

http://www.migri.fi/download/15045_OLE_ ... 1c7315d188

However the wording in the Finnish from does not match the English one: "Liitteenä on yrityksen viimeisimmät tilinpäätöstiedot (tuloslaskelma ja tase) ja yrityksen viimeisin kirjanpitoajo."

http://www.migri.fi/download/15047_OLE_ ... 65c617d188

This leads me to believe the financial statements don't necessarily need to be audited for the purpose of the residence permit application.

[Rick1]

Ok if it is for Migri but maybe a known bookkeepingoffice can do it (migri might tell). Do not think he has to go to E&Y or the others but OP must be prepared for a larger invoice in the beginning because he has not done much yet it seems.

[dreamstep]

Thanks to all of you!
"This leads me to believe the financial statements don't necessarily need to be audited for the purpose of the residence permit application."
Do you mean that, bookkeeping is enough? Or maybe only account statement?

[Upphew]

How to distinguish business and purely personal spending in the same account?

While not illegal, it is bad habit to mix personal and business accounts. How you keep up with your tax payments when you don't know what purchases are for you and what for business?

Or they only care of my final balance?

They care that you made living and did it legally and paid your taxes.

[Rip]

Simply, if I earned 5,000e, but I spent them in the same year. Can it still be calculated as profit?

Some day the tax office will have great fun with you...?

Of course profit from your business is profit (and taxable), even if you live beyond your means.

[dreamstep]

To help understand more clearly the question, let's suppose someone made 5,000e of net profit, but this person spent 10,000e on tourism.. The profit of that year is still 5,000e, right? What I asked is this. Not tax evasion question.

[Rip]

To help understand more clearly the question, let's suppose someone made 5,000e of net profit, but this person spent 10,000e on tourism.. The profit of that year is still 5,000e, right?

Yes

[Rick1]

That is why the authorities would like to see your bookkeeping done be a 'professional'. You describe minimizing the profit by making allowed/not allowed costs. The bookkeeper should know what is allowed and not. The tax office might say we are going to tax that tourism 'cost' as made profit.

[Upphew]

That is why the authorities would like to see your bookkeeping done be a 'professional'. You describe minimizing the profit by making allowed/not allowed costs. The bookkeeper should know what is allowed and not. The tax office might say we are going to tax that tourism 'cost' as made profit.

Tourism paid from company's account... is it expense, wage, something else?