Mistakes in an fix the root cause → recalculate the financial statements → submit a kordusaruanne (a corrected/refiled report). are not the end of the world — but you should correct them the right way. The biggest mistake is “changing a number in the form” without fixing the underlying bookkeeping. The safe logic is: annual report
If the correction affects key lines (equity, loans, revenue), document what exactly changed and keep the supporting documents together. It helps a lot if questions come up a year later.
Below is when kordusaruanne is appropriate and how to correct a filed report without creating extra risks and questions.
In practice, before filing, verify the requirements in Accounting Act (RPS) and Commercial Code (ÄS).
When you need a kordusaruanne
Typical cases:
- you found a missing invoice/expense and profit changes;
- a loan was classified incorrectly (short/long-term, shareholder vs other);
- a required disclosure is missing in the notes (lisad) and the report becomes misleading;
- the report was filed as not approved, then shareholders approved it (and status/package must be updated);
- the audit opinion was added or updated.
A safe correction workflow (avoid extra iterations)
- Write down what is wrong. One or two sentences: “error in …, affects …”.
- Fix bookkeeping. Entries, source documents, classification.
- Recalculate statements. Balance sheet, P&L, equity.
- Update notes (lisad). If loans/liabilities/events are affected, update explanations.
- Check the PDF preview and only then submit kordusaruanne.
- Save a change log (internal note: “before/after/why”).
What people often forget to check
- Equity roll-forward: if profit changed, equity must change too.
- VAT and other filings: if the error impacts taxes, you may need a tax correction (case-by-case).
- Loan disclosures: if the loan amount changed → update the notes (lisad).
Common mistakes when correcting
- fixing the form, not bookkeeping → the same issue repeats next year;
- updating the balance sheet but forgetting the notes;
- no internal documentation, so later nobody understands what changed and why.
See also on blog.accres.eu
- RIK Abiinfo: how to submit an annual report (guide)
- RIK Abiinfo: filing the report to the register
- RIK: annual report in e‑Äriregister
How we can help
If you want to close this quickly and avoid refiling twice: we can review the data, prepare the report in Contact us.e‑Äriregister, advise on documentation, and take it to filing.
If you find the mistake before filing
This is the best scenario: in the portal you can fix the draft and generate the PDF preview again.
Practical rule: don’t sign the report until your “checklist items” are resolved (loans, equity, material items, disclosures).
If the mistake is found after filing
Act calmly:
- Assess whether the mistake is material (does it affect profit/equity/liabilities?).
- If material — fix bookkeeping and prepare kordusaruanne.
- If immaterial (typo with no impact) — document it internally and decide whether refiling is necessary.
Mini decision tree
- Does it change profit/equity? → almost always correct.
- Does it change liabilities/loans/material lines? → correct.
- Is it only text, but misleading? → correct.
- Is it cosmetic and does not affect decisions? → usually you can leave it (case-dependent).
Corrections that are not about numbers: EMTAK, management report (tegevusaruanne), notes
Not every correction is about amounts.
- EMTAK: if the code is clearly wrong and affects how the business is perceived, it’s better to correct it.
- Tegevusaruanne: if the text contradicts the numbers or hides material facts — correct it.
- Notes (lisad): missing loan terms or material disclosures is a classic reason for kordusaruanne.
How to reduce the risk of repeat corrections
- keep a “pre-sign checks” list (bank, loans, equity, notes);
- store year-end closing documents and calculations;
- align sensitive areas with the management board before finalizing.
Mini internal change note template (very useful)
- Before: …
- After: …
- Why: …
- Impact: profit / equity / taxes / disclosures.
This note helps a year later when you try to remember why the report was refilled.
Tax side: when you also need to go to EMTA
The annual report is filed to the commercial register, not to EMTA. But if the bookkeeping error affects:
- VAT returns,
- payroll taxes,
- withholding / reporting of payments,
then a tax correction in EMTA may be required (depending on the type of error and the period). Good practice: for material adjustments, also check the “parallel” reports.
Communicating with a bank/investor
If the annual report was already used in negotiations:
- briefly inform them that a corrected version (kordusaruanne) was filed,
- provide a one-page “what changed and why” explanation (you can reuse the internal note).
This looks professional and reduces distrust.
Checklist: “correction closed”
- Bookkeeping fixed (entries + source documents).
- Balance sheet, P&L and equity recalculated.
- Notes (lisad) updated for the affected items.
- PDF preview checked.
- Kordusaruanne filed and confirmation saved.
- Internal “before/after/why” note saved.
If you’re unsure whether the mistake is material, it’s worth a short call with an accountant: 15 minutes is usually cheaper than refiling twice. At Accounting Resources we often do a quick pre-sign review specifically so kordusaruanne is not needed at all — and it works. In practice it saves money and nerves.
FAQ
Do we always need to refile if the mistake is “small”?
If the mistake is immaterial and does not affect decisions of the report user, sometimes no. But if it changes profit/equity or is misleading, it’s better to correct it. Related topic: annual report signing.
Can the same accountant submit the correction?
Yes — if they have the right access and the process is agreed with the management board.