4. Creating new report

To create a new report, click on “Add new report” on the page of reports to be submitted.

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A new form will be displayed with a drop-down menu of companies whose reporting data you are authorised to enter.

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Note! If you did not find the companies related to you in the drop-down menu, please read further instructions in Chapter 13. 

After selecting the company, you have to enter the first and the last date of the accounting period. After selecting the suitable period, choose suitable type of the report and click on “Next”. 

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If you click on “Next” you will see other options that you have to define for creating a report. (choices may vary depending on the type of the legal person and the reporting period)

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In this view, you can specify whether it is a consolidated report and select the standard by which you want to report..

Companies must choose to categorize the reporting forms according to Accounting Act §3.If the company wishes, a higher category can also be chosen to publish the information in more detail in the report.

If you selected Estonian financial reporting standard, you can also specify the level of accuracy used in the report.
Next you can select whether the company has any differentiations that do not allow you to submit a standard XBRL format report
Lastly, you have to choose whether you also want to prepare an informative report in English in parallel with the Estonian report..

 

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If the report of the previous accounting period was submitted via the e-reporting environment, you can make the selection “Use the forms previous year”. In this case the system automatically selects the same main reports and notes as the report of the previous accounting period. These choices can be changed later. (There may be differences in the selection if, in the previous period, there were forms used based on the category of the company's reporting forms that could not be selected in the given period.)

If the report has to be submitted in euros and the previous year's report was submitted in kroons through the e-reporting environment, the e-reporting environment may, if desired, have the reference period data automatically converted into euros on the basis of the official euro exchange rate. (NB! However, the data must be checked and corrected if necessary - rounding errors may occur)

After making the selections, click on “Add new report”. You will be directed to the main view where you can start compiling your report.