Under full accounting in Poland, companies are required to prepare statutory financial statements in accordance with the Polish Accounting Act. These financial statements are a core element of statutory accounting in Poland and are designed to present a true and fair view of the company’s financial position, performance, and results of operations. As a minimum, the annual financial statements must include a balance sheet, a profit and loss account, and notes to the financial statements explaining accounting policies and key figures.
Depending on the size and classification of the entity, additional statements may also be mandatory. Medium-sized and large companies applying full accounting in Poland are generally required to prepare a cash flow statement and a statement of changes in equity. Smaller entities may benefit from certain simplifications, but even then, the structure and content of financial statements must strictly follow statutory requirements. All statements must be prepared in Polish, in Polish currency (PLN), and based on properly maintained accounting books.
For foreign-owned companies, financial statements prepared under accounting in Poland often serve a dual purpose. In addition to meeting local statutory obligations, they are frequently used as the basis for management reporting and audit processes. This makes accuracy, consistency, and timeliness particularly important.
Professional accounting services in Poland help foreign businesses ensure that financial statements are prepared correctly, comply with local regulations, and meet international reporting expectations. getsix® supports companies with full accounting, statutory financial statements, management reporting, and audit readiness. Learn more about accounting in Poland here: https://getsix.eu/our-services/accounting-in-poland/.
