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Accounting is one of the most important obligations for all types of businesses. For SMEs, the improvement in terms of power, simplification and automation of accounting management solutions has made the task considerably easier.
Find out all the latest news about the General Accounting Plan for SMEs in 2021 in this article.
Who can apply for the PGC for SMEs?
The General Accounting Plan for SMEs is voluntary . It is always possible to opt for the general version. However, companies that decide to apply it must meet at least two of the following requirements:
An asset that does not exceed four million euros.
An annual turnover not exceeding eight million euros.
No more than fifty workers on average during the year.
As for the time period in which they must be met, the figures from the closing of the last two financial years are considered. To start applying it, the requirements must have been met in the two previous financial years.
In any case, if they fail to meet the nursing homes email list requirements one year , this does not mean that they should stop applying the PGC for SMEs. However, in order not to lose the right to apply it, they should not fail to meet them for two consecutive years.
In addition, in the year in which a company was established, it can apply the PGC for SMEs if it meets two of the aforementioned requirements.
The PGC for SMEs is voluntary, but certain requirements must be met to apply for it.
However, it should also be noted that there are companies that, even if they meet the requirements, cannot apply the PGC for SMEs . Specifically, they are the following:
Public interest entities.
Companies that form part of a group of companies that must prepare consolidated accounts.
Companies with a functional currency other than the euro.
Certain types of financial institutions.
