How long must the annual financial statements be kept in a Polish company according to Polish accounting regulations?

Approved annual financial statements must be kept for at least 5 years, starting from the beginning of the year following the financial year in which they were approved. This is stipulated in Article 74(1) of the Polish Accounting Act of September 29, 1994 (consolidated text: Journal of Laws of 2023, item 120, as amended).

How long must invoices and receipts from retail sales be kept according to Polish accounting regulations?

Accounting documents regarding revenues from retail sales, such as receipts and invoices, must be kept at least until the approval of the financial statements for the respective financial year, but not less than until the settlement date of individuals responsible for the assets sold at retail. This is based on Article 74(2)(3) of the Polish Accounting Act of September 29, 1994 (consolidated text: Journal of Laws of 2023, item 120, as amended).

How long must documents regarding warranties and complaints be kept according to Polish accounting regulations?

Documents concerning warranties and guarantees must be kept for at least 1 year after the warranty period expires or after the settlement of complaints. This is outlined in Article 74(2)(6) of the Polish Accounting Act of September 29, 1994 (consolidated text: Journal of Laws of 2023, item 120, as amended).

What does the best Polish accounting office mean?

A good Polish accounting office, the best Polish accounting office are highly esteemed terms in relation to accounting offices. Typically, these terms are associated with the reliability of the Polish accounting office, the competence of Polish accountants working there, as well as the fair price for accounting services. Such offices operate for profit but avoid dishonest practices related to overcharging clients for additional or unnecessary fees and costs. Accountants in these offices are competent, continually improving their qualifications, and contracts with these offices are transparent, with no hidden fees for additional services, and if any exist, they are clearly articulated at the time of contract conclusion (e.g., in an appendix to the contract for accounting and/or payroll services).

How to choose a good Polish accountant?

Choosing a good Polish accountant is a crucial task for any company. When making such a choice, check the accountant’s qualifications and their list of references. Experience, working for many companies including those with a similar business profile to yours, can attest to their skills. If the accountant has significant experience, inquire about the certificate from the Polish Minister of Finance (certificate of the Polish Minister of Finance); certificates from the Polish Minister of Finance authorizing the provision of accounting services were issued in Poland until 2014 and remain valid to this day.

If you are looking for services we offer, contact us:

Bookkeeping office in Warsaw

PHONE: +48 22 292 47 21
EMAIL: biuro.warszawa@prwt.pl

Bookkeeping office in Krakow

PHONE: +48 12 345 21 06
EMAIL: biuro.krakow@prwt.pl