Annual financial statements (ANAF)¶

The Romania - Financial Statements (Situații financiare, ANAF) (l10n_ro_financial_statements) module prepares the annual financial statements and the accounting reports of Romanian companies, forms S1002, S1003, S1004 and S1005, and the half-year report S1027. The forms are computed from the accounting, checked with the official consistency rules of the ANAF structure, and exported as the XML files that ANAF defines for the financial statements of the 2025 financial year (OMF 2036/2025; the half-year report follows OMF 1194/2025).

This page describes the specific features of the financial statements. The general flow of the Romanian declarations (statuses, deadlines, DUK validation, filing) is described in ANAF declarations (base).

Which statement applies¶

Form	Content	Who files it
S1002	F10 balance sheet (103 rows), F20 profit and loss account (70 rows), F30 informative data, F40 fixed assets.	Medium and large entities, and public interest entities.
S1003	F10 abridged balance sheet (49 rows), F20 profit and loss account (70 rows), F30, F40.	Small entities.
S1005	F10 abridged balance sheet (49 rows), F20 profit and loss account of micro-entities (9 rows), F30 with chapter XIX, F40.	Micro-entities.
S1004	Same content as S1002, filed as an annual accounting report.	Entities that file an annual accounting report instead of annual financial statements (art. 27, entities in liquidation, branches of entities of the European Economic Area…). Select the reason in Reason of the Annual Report.
S1027	F10 abridged balance sheet, F20, F30 at 30 June.	Half-year accounting report. The structure bundled is the one of 30 June 2025; the half-year report was eliminated for 2026, and Odoo shows a warning for a 2026 report.

The form depends on the category of the entity, which Odoo helps to determine in the Classification tab. The thresholds are those of OMFP 1802/2014 as amended by OMF 4164/2024; an entity belongs to a category when it does not exceed two of the three limits at the balance sheet date:

Category	Total assets	Net turnover	Average number of employees
Micro-entity (S1005)	2,250,000 lei	4,500,000 lei	10
Small entity (S1003)	25,000,000 lei	50,000,000 lei	50
Medium or large entity (S1002)	above the limits of small entities	above the limits of small entities	above the limits of small entities

Public interest entities always file the full statements (S1002). A small entity may also opt for the full format.

Configuration¶

Install the Romania - Financial Statements (Situații financiare, ANAF) module. It installs the Romanian accounting registers (Romanian statutory registers) as a dependency, because the balances come from their trial balance. The D101 module uses the same computation.

Before the first statements, check:

the company data of the declarations (declarant, main CAEN code);
the state (county) of the address of the company: the statements need the ANAF county code, which is derived from it, and the validation fails without it;
the Company ID (trade register number, for example J12/1234/2010) of the company, which is copied to the statements.

Accountants with the adviser (manager) access right can review the definition of the forms in Accounting ‣ Romania (ANAF) ‣ Configuration: Financial Statement Rows (the rows of each form, with the account expression that computes them, which is editable data) and Financial Statement Checks (the official consistency rules).

Prepare the financial statements¶

Go to Accounting ‣ Romania (ANAF) ‣ Declarations ‣ Financial Statements and click New.
Choose the Form and the Year. For the half-year report (S1027), the period is the first half-year of the year. The Deadline is 150 days after the end of the year (45 days for the half-year report), moved to the next working day.
In the Classification tab, enter the Average Number of Employees and the number of employees at year end, for the current and the previous year, then click Compute. Odoo shows the Total Assets, Net Turnover and the Suggested Category. Confirm the category with Use Suggested Category, or select it in Entity Category and tick Category Confirmed; the form follows the category. Tick Public Interest Entity where it applies.
Check the Header tab: trade register number, CAEN codes, county code, form of ownership, the Administrator, the person who prepared the statements (Prepared by, Preparer Quality), the audit data and the flags. The statements must be Approved according to the Law before they are filed.
Review the tabs F10 Balance Sheet, F20 Profit and Loss, F30 Informative Data and F40 Fixed Assets. Fill in the manual data and the adjustments (see below), and click Recompute to refresh the totals.
Click Validate, resolve the errors, then click Export XML. The button Print Summary prints a summary of the statements.
Complete the filing outside Odoo (see below) and click Mark as Submitted.

How the amounts are computed¶

The account balances are not computed by this module. They come from the computation of the Romanian trial balance (Balanța de verificare) of the accounting registers, the single place where Odoo computes the Romanian account balances. The trial balance, the general ledger, the account sheet, the inventory register, the financial statements, the D101 and the micro-enterprise tax therefore always show the same figures. Only the posted journal entries are included.

F10 balance sheet: Closing balances of the trial balance at the end of the period. Column 1 is the end of the previous financial year (the beginning of the year) and column 2 the end of the period. The income and expense accounts (classes 6 and 7) are not balance sheet accounts: the result of the year that is not yet closed into account 121 is added to a virtual account 121, and the unclosed results of earlier years to a virtual account 117 (retained earnings). The account class decides, not the type of the account in Odoo.
F20 profit and loss account: The turnovers of the period of the income and expense accounts (the previous year in column 1). The entries that close the accounts of classes 6 and 7 into account 121 are excluded when Exclude Result Closing Entries is ticked (the default), so that the statements are the same before and after the closing of the year.
F40 fixed assets: Opening balance and debit and credit turnovers of the year per group of accounts: gross values, depreciation and impairment adjustments. The column “of which disposals” is manual.

Note

The trial balance itself carries the unclosed result of earlier years to account 121 in its opening balance, while the statements show it in account 117. This is expected: the totals of equity agree.

Adjustments and manual rows¶

Each row and column has three values: the Computed value, an Adjustment that you can type, and the resulting amount (Col. 1, Col. 2…). Adjustments are kept when the statements are recomputed. Use the All Rows button to see and filter all the rows of the statements in one list, and the journal items icon of a row to open the entries behind it.

Four kinds of data need your attention:

Accounts to be split by nature. Some accounts of the official form must be divided between two rows (for example, the debts due within and after one year, the prepaid items and the short and long term parts of 267, 296, 471, 472, 475 and 478). Odoo puts the whole balance in the first row of the official balance import; enter the other part as an adjustment in both rows.
Manual rows. The rows with the computation Manual, mostly in the F30 informative data, hold data that the accounting cannot provide: arrears, research and development, dividends, public ownership data, the “of which … affiliated entities” rows and the long-term debts. Fill them in as adjustments.
Derived cells. The F30 chapter I (profit or loss of the unit) is derived from the F20, and the chapter III from the employee numbers of the Classification tab.
Column “of which disposals” of the F40.

Checks¶

The validation of the statements runs the official rules of the ANAF structure (totals, signs, F10 = F20 result, A+B+C-D-G-H-I = equity, F10 against F40, F20 against F30 for micro-entities) and, besides them:

Result of the year. If the result of the F10 (account 121) differs from the net result of the F20, check that the result of the previous year was transferred from 121 to 117 or 129 and that all the closing entries are posted.
Coverage. A warning lists the accounts with a closing balance (classes 1 to 5) that no row of the balance sheet takes into account (for example, the VAT accounts 4426 and 4427 not settled into 4423 or 4424), and the income and expense accounts that no row of the F20 reports.
Previous year. The opening balances are compared with the closing balances of the statements already prepared for the previous year.
Header and classification. Trade register number, CAEN codes (4 digits), county code, administrator and preparer, fiscal code and CECCAR registration of an authorised preparer, LEI code, auditor, the reason of the S1004, and the match between the form and the confirmed category.
Period. Draft journal entries of the period are not included (a warning gives their number), a warning appears if the financial year is not locked (set the lock date in the accounting settings once the statements are final), and the forms require a financial year 2025 or later.

Corrections and limits¶

Click Create Rectificative on an exported or submitted statement to prepare a corrected version. The statements follow the calendar year: for a financial year that differs from the calendar year, use the S1004 and adjust the amounts.

The following are not produced by Odoo: the notes to the financial statements, the statement of changes in equity, the cash flow statement and the reports (management report, auditor report, approval), consolidated statements (S1030), IFRS statements, the forms of banks, insurers and financial investment companies (ASF), and the declaration of inactive entities (S1046).

XML validation and filing¶

The XML is validated against the XSD schemas published by ANAF for the forms (bundled unmodified), and with DUKIntegrator if the DUK validator service is configured (install the validators of the forms S1002, S1003, S1004, S1005 and S1027 that you use). The validation is done without the PDF: the official PDF of the financial statements contains the mandatory ZIP file of the annexes (notes, reports, approval), which is assembled with the ANAF assistance program and not with Odoo.

Important

Odoo does not send the financial statements to ANAF. The filing package, with its annexes, is prepared and filed outside Odoo (see Filing with ANAF).