Accounting and Financial Consulting: the Foundation on which Correct Decisions are Made
Financial stability is key to sustainable growth, from startup to large corporation. We provide accounting and financial advisory —including for subsidiaries of multinationals and reporting to parent companies— adapting to each company's needs so you meet regulations and decide with reliable data.
Operating across Spain and internationally, headquartered in Barcelona.
Correct accounting is not just a legal obligation. It is the information system on which business decisions are made. Without reliable financial data, it is impossible to know if a product line is profitable, if there is enough liquidity for the next quarter, if the company can undertake an investment, or if it is creating or destroying value. At Nextica Law & Tax, accounting consulting is not a standard management service: it is a service of diagnosis, planning, and financial control that adapts to the needs of each company, from the startup that is just beginning to the multinational subsidiary that needs monthly reporting in English.
¿Te suena esta situación?
- You need to outsource accounting and forget about deadlines.
- You want to close the financial year and prepare annual accounts without surprises.
- You're looking to understand your numbers to make decisions (margins, cash flow).
ACCOUNTING IS A STORY TOLD TO THIRD PARTIES — AND READ AGAINST YOU
Banks, partners, the tax authority and, in the worst case, an insolvency judge: they all read the same accounts, and every error is construed against whoever kept them. What weighs most when others look:
Accounting as evidence at the worst moment
in insolvency, a substantial breach of bookkeeping duties is a presumption of culpability — the badly kept book testifies against its owner.
art. 443 of the consolidated Insolvency LawThrowing papers away too soon
books, correspondence and supporting documents must be kept six years from the last entry, even if the company has ceased trading.
art. 30 of the Commercial CodeThe accounting result drags the tax along
the corporate tax base starts from the accounting result, and a recording error is paid twice — in the picture and in the bill.
art. 10.3 of the Corporate Income Tax LawThe annual close as the only thermometer
learning in March what happened in June turns accounting into an autopsy. No rule requires looking every month; the business does.
What we do for you
4.1 Bookkeeping and Accounting Supervision
A company's accounting is much more than complying with tax regulations; it is the basis for making strategic decisions and…
Bookkeeping and Accounting Supervision4.2 Financial Statement Analysis
Financial uncertainty can paralyze the growth of your business. At Nextica Law, we understand how frustrating it is to make…
Financial Statement Analysis4.3 Business Plans
The lack of clarity in a company's direction can create uncertainty and hinder its growth. At Nextica Law, we help you create a…
Business PlansResultados
- Accounting outsourcing that eliminated delays and late-filing penalties.
- A dashboard that improved an SME's cash-flow control.
- Year-end close and annual accounts filed without issues.
ACCOUNTING OBLIGATIONS OF A COMPANY IN SPAIN
Every Spanish commercial company is required to maintain accounting in accordance with the General Accounting Plan (art. 25 of the Commercial Code) and to prepare annual accounts at the end of each financial year (art. 34 C. of Commerce). The annual accounts must be approved by the General Meeting within 6 months following the closure of the financial year and filed with the Commercial Registry within the month following their approval. Failure to file the accounts may result in the closure of the registration of the company (inability to register other acts), penalties from the ICAC, and in the presumption of insolvency in the event of bankruptcy proceedings.
Frequently asked questions
What does accounting outsourcing exactly include?
The accounting outsourcing service at Nextica includes: recording all transactions (issued and received invoices, expenses, collections, and payments), monthly bank reconciliation, alignment with VAT records, preparation of mandatory accounting books, submission of tax returns (Mod. 303, 111, 115, 349, 202, 200) and preparation of periodic financial statements (monthly, quarterly, or annually according to the client's needs).
How much does accounting outsourcing cost for an SME?
The cost depends on the monthly transaction volume (number of invoices issued and received), the complexity of the activity (whether there are intra-community operations, OSS, withholdings of various types) and the level of reports required. Contact us to get a personalized quote without obligation.
Can you do the reporting in English for our foreign parent company?
Yes. We prepare monthly financial reports in English adapted to the format required by the parent company: statements in IFRS or US GAAP, a conversion table from Spanish PGC, reporting of operational KPIs, and quarterly closing packages with consolidation adjustments. We have experience with parent companies in Germany, the United Kingdom, France, the United States, Japan, and other countries.
Do micro-enterprises or freelancers need accounting?
Commercial companies (SL, SA) are required to maintain accounting regardless of their size or turnover. Freelancers are not required to keep commercial accounting, but they must record their income and expenses for income tax purposes. However, maintaining organized accounting, even if it is not mandatory, facilitates business management and tax planning.
What is the transfer process if we have another manager?
The transfer from another accounting provider is managed in an orderly manner: we collect the documentation from the current and previous fiscal years, we review the prior accounting, identify possible inconsistencies, and take over management from the agreed period. We coordinate with the previous provider to ensure continuity and that there are no gaps in coverage.
Content reviewed by
Elena Bosch Prat
Directora · Consultoría Contable y Financiera
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