Iguality ensures accurate and accountable financial reporting and budgeting through a combination of internal monitoring and external professional support. This dual approach guarantees that both regulatory compliance and strategic financial oversight are maintained.
Our external accounting office, Ayuda Pymes (2025), provides professional support to ensure full compliance with Spanish accounting and tax obligations. Their responsibilities include:
- Quarterly tax forms (Modelo 111): Ensuring that payroll-related taxes and other applicable withholdings are correctly calculated and submitted on time.
- Annual balances and profit/loss accounts: Producing comprehensive financial statements that reflect the organization’s financial position and operational results.
- Corporate tax filings (Impuesto de Sociedades): Managing the legal submission of all corporate tax obligations in accordance with Spanish law.
Internally, Iguality maintains rigorous budgeting and monitoring processes to ensure resources are allocated efficiently and effectively. This includes:
- Preparing annual budgets that align with organizational objectives, operational needs, and strategic priorities.
- Comparing budgeted versus actual performance regularly to identify discrepancies and maintain financial control.
- Analyzing significant deviations from the budget and implementing corrective actions or adjustments to ensure financial sustainability.
- Producing detailed reports that provide both high-level organizational overviews and granular, project-specific breakdowns, allowing management and the Board to make informed decisions about resource allocation, program planning, and risk management.
Through this combination of external accounting support i internal budgeting practices, Iguality ensures that financial resources are managed responsibly, transparently, and in a manner that supports the long-term sustainability and effectiveness of our programs.