What is a balance sheet?

A balance sheet is a financial statement that presents the company's financial position at a given date. It includes assets (what the company owns) and liabilities (what it owes), and must be balanced.

When should financial statements be prepared in Morocco?

Financial statements must be prepared at the end of each fiscal year (generally December 31). The tax package must be filed before March 31 of the following year for companies subject to Corporate Tax.

What are the mandatory financial statements in Morocco?

The mandatory financial statements are: Balance Sheet, Income Statement (CPC), Statement of Management Balances (ESG), Financing Table (TF) and Statement of Additional Information (ETIC).

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Accounting Service

Financial Statements

Preparation of your financial statements compliant with PCM. Tax package and legal filing within deadlines.

Mandatory statements

Mar 31

CT deadline

2-3 wks

Average time

100%

PCM compliant

Mandatory Financial Statements

Balance Sheet

Financial position statement: assets and liabilities

Fixed assetsCurrent assetsCashEquityDebt

Income Statement (CPC)

Fiscal year result: revenue minus expenses

Operating revenueOperating expensesFinancial resultNon-recurring result

Statement of Management Balances (ESG)

Analysis of result formation

Gross marginValue addedEBITDAOperating resultCash flow

Financing Table

Financial flows for the fiscal year

Fixed usesFixed resourcesWorking capital variationCash variation

Our Process

Document collection

Ongoing

Gathering all accounting documents for the fiscal year

Accounting review

1-2 weeks

Verification and adjustment of entries, reconciliations, matching

Inventory work

1 week

Depreciation, provisions, adjustments, cut-off

Statement preparation

2-3 days

Balance sheet, Income statement, ESG, Financing table, ETIC

Tax package

Before March 31

Preparation and filing of tax package on SIMPL

Why Entrust Us with Your Financial Statements?

Legal compliance

Financial statements compliant with Moroccan Chart of Accounts and tax regulations.

Tax optimization

Maximization of deductible expenses and use of legal optimization schemes.

Clear vision

Financial analysis of your activity for better decision-making.

Deadline compliance

Tax package filing within legal deadlines, without penalties.

Year-End Calendar

Date	Action
December 31	Fiscal year-end (standard date)
January 31	Physical inventory of stocks
February 28	Finalization of inventory work
March 31	Corporate Tax package filing on SIMPL
April 1	Annual professional Income Tax declaration