Navigation path

Share on 
	Share on Facebook
  
	Tweet it
  
	Share on google+
  
	Share on linkedIn
  
    
      E-mail
Set page to normal font sizeIncrease font size by 200 percentBookmark this pageChoose high-contrast version

Bulgaria

Accounts

Updated 07/2012

Legal requirements

Enterprises registered in Bulgaria must apply the double-entry accounting system as stipulated in the Accountancy Act (ZS). This act determines what accounting documents companies are required to keep.

Accounting rules

Enterprises must keep the following documents

  • A main cash-book: this is mandatory if an enterprise has a cash register. Each cash transaction must be noted down in the cash-book and the records completed on a daily basis. The cash-book must be registered with and stamped by the National Revenue Agency.
  • Cash ledger: sales are listed here from the cash register. This ledger is used to record daily entries from the cash register. Each entry must be made on a separate page, and the pages of the ledger must be bound and numbered.
  • Client ledger: this ledger is used for keeping records of all monies the company receives or remits by bank transfer, and any sales by instalments. All VAT-registered enterprises must keep a client ledger.
  • Supplier ledger: this ledger is used for keeping records of all payments the company makes to suppliers. This ledger should also be used to record any monies due for payment to the company. All VAT-registered enterprises must keep a client ledger.
  • Payroll ledger: This is compulsory for all enterprises and contains details of the company payroll.
  • Inventory book: this is used for recording all the materials the enterprise uses in the production process, and details of any stock sold.
  • Long-term tangible assets register: long-term tangible assets are machines and equipment that the enterprise acquires in order to carry out its business activities. The costs of long-term tangible assets are broken down into a number of periods representing the asset's life cycle. The total time over which an asset can be considered an expense is determined by the tax regulations.
  • Revenue and expenditure ledger: this is mandatory for all enterprises. This ledger shows all incoming and outgoing accounts. It is often kept by the company's accountant.

Accountancy documents can also be in electronic format, provided they fulfil the conditions outlined in the Accountancy Act (ZS) and the Electronic Documents and Electronic Signatures Act (ZEDEP).

 

Administrative procedures

Annual reports

You should update your account-keeping records on a monthly basis to give you a clear idea of your enterprise's financial status. At the end of each year, an annual report and settlement must be submitted to the National Revenue Agency.

Audits, public presentation and publication

If you have a public company that has a large turnover or has expensive tangible assets, the annual report must be checked by an auditor. The auditor must have access to all relevant accounting documents.

Help & advice

Help & advice

E-mail a business organisation near you

The EU runs a network (Enterprise Europe Network) of local business organisations in most European countries that may be able to help you.

Choose your country and town and enter your enquiry below.

Country

Austria

Feldkirch

Graz

Innsbruck

Klagenfurt

Linz

Salzburg

Wien

Belgium

Antwerpen

Arlon

Brugge

Brussels

Charleroi

Gent

Hasselt

Leuven

Libramont

Liège

Mons

Namur

Nivelles

Bulgaria

Dobrich

Plovidiv

Ruse

Sandanski

Sofia

Stara Zagora

Vratsa

Yambol

Croatia

Osijek

Rijeka

Split

Varazdin

Zagreb

Cyprus

Nicosia

Czech Republic

Brno

Brno

Liberec

Ostrava

Ostrava

Pardubice

Plzen

Praha

Usti nad Labem

Denmark

Aalborg

Copenhagen

Herning

Kolding

Næstved

Viborg

Estonia

Tallinn

Finland

Helsinki

Oulu

Tampere

Turku

Vantaa

France

Amiens

Annecy

Aulnat

Besançon

Bordeaux

Bourg en Bresse

Caen

Cayenne

Chalons-en-Champagne

Chambéry

Dijon

Fort-de-France

Grenoble

Lille

Limoges

Lyon

Marseille

Marseille

Montpellier

Montpellier

Nancy

Nantes

Orléans

Paris

Pointe-à-Pitre

Poitiers

Privas

Rennes

Rouen

Saint-Denis

Saint-Etienne

Strasbourg

Toulouse

Valence

Germany

Berlin

Bremen

Bremenhaven

Chemnitz

Dresden

Düsseldorf

Erfurt

Frankfurt/Oder

Freiburg

Hamburg

Hannover

Kaiserslautern

Kiel

Konstanz

Leipzig

Magdeburg

Mannheim

Mülheim an der Ruhr

München

Potsdam

Reutlingen

Rostock

Saabrücken

Stuttgart

Trier

Ulm

Villingen-Schwenningen

Wiesbaden

Greece

Athens

Heraklion

Ioannina

Kavala

Kozani

Thessaloniki

Tripolis

Volos

Hungary

Budapest

Debrecen

Eger

Győr

Miskolc

Nyíregyháza

Pécs

Szeged

Székesfehérvár

Zalaegerszeg

Ireland

Dublin

Italy

Abruzzo

Aosta

Apulia

Ascoli Piceno

Basilicata

Bologna

Bologna

Cagliari

Calabria

Calabria

Campania

Catania

Florence

Genova

Gorizia

Milano

Molise

Naples

Palermo

Palermo

Perugia

Pesaro

Pisa

Pordenone

Ravenna

Rome

Rovereto

Sassari

Sicily

Terni

Torino

Trieste

Udine

Venezia

Venezia

Venezia

Latvia

Riga

Lithuania

Kaunas

Klaipėda

Vilnius

Luxembourg

Luxembourg

Malta

Pieta`

Netherlands

Den Haag

Nieuwegein

Norway

Ås

Oslo

Stavanger

Tromsø

Poland

Bialystok

Gdańsk

Kalisz

Katowice

Kielce

Konin

Kraków

Lublin

Lublin

Olsztyn

Opole

Poznań

Rzeszów

Szczawno-Zdrój

Szczecin

Toruń

Warsaw

Warsaw

Warsaw

Wroclaw

Zielona Góra

Łódź

Portugal

Aveiro

Braga

Coimbra

Évora

Faro

Funchal

Lisboa

Ponta Delgada

Porto

Romania

Arad

Bacau

Bucuresti

Cluj-Napoca

Constanta

Craiova

Galati

Iasi

Ramnicu Valcea

Timișoara

Slovakia

Bratislava

Prešov

Slovenia

Koper

Ljubljana

Maribor

Spain

Albacete

Alicante

Badajoz

Barcelona

Bilbao

Ciudad Real

Donostia- San Sebastian

Ferrol

Las Palmas de Gran Canaria

Llanera

Logroño

Madrid

Madrid

Murcia

Oviedo

Palma

Pamplona

Paterna (Valencia)

Santa Cruz de Tenerife

Santander

Santiago de Compostela

Sevilla

Toledo

Valencia

Valladolid

Vitoria- Gazteiz

Zaragoza

Sweden

Borlänge

Göteborg

Jönköping

Kramfors

Luleå

Malmö

Örebro

Östersund

Stockholm

Umeå

Västerås

Växjö

United Kingdom

Belfast

Bristol

Cambridge

Cardiff

Coventry

Inverness

London

Manchester

Newcastle

Yorkshire and Humber

Enter your message here *

* required field (you must enter data here)