Abstract
The current article aims to investigate if micro and small businesses, classified as micro companies/ small businesses, are obliged to present balance sheet registered in corresponding body in biddings according to law 123/2006. To that end, we use a clipping in the law nº 10.406/02 text, Brazilian Civil Code, or by Complementary Law nº 123/06, applicable to the micro company and to the small business, yet aggregated to Managemt Board of Simples Nacional resolutions and also of the Accounting Federal Board as General Technical Interpretation resolution 1000, through bibliographic and descriptive methodology. It was verified that the obligatoriness of the anual accounting bookkeeping by the Micro Companies and Small businesses is crucial to take part in bidding events, besides being essential to data provision to controlling and decising making.
Highlights
The current study aims to investigate and discuss on the obligation or the exemption of the balance sheet elaboration by companies classified on Simples Nacional after enactment of Complementary Law no 123 /2006, that brought several benefits in order for small businesses to apply in equal treatment with big companies in bidding processes
Intending to succeed in bidding processes small businesses focus on reducing the amount of proposals intending to win the competition with the smallest price, but the bidding process is formed by up to three phases and to win bid it is not enough the best bid, there is the phase of the company qualification in which some documents are required and one of them is the balance sheet
Finantial qualification is always required in the phase of bidding process as the moment that the company shows its finantial reports, more precisely, the balance sheet, where it’s possible to check the company solvency and liquidity index, an important measure to identify if the company will be able to bear the contract that may come to be signed with public administration
Summary
The current study aims to investigate and discuss on the obligation or the exemption of the balance sheet elaboration by companies classified on Simples Nacional after enactment of Complementary Law no 123 /2006, that brought several benefits in order for small businesses to apply in equal treatment with big companies in bidding processes. It’s exactly in this first phase that the Micro Companies and Small Businesses have so much difficulty, mainly when the bidding notice asks for the balance sheet, intending to verify the economic and finantial situation of the company Because these small businesses follow the Simples Nacional taxing, there are several approaches and controversies about the obligatoriness of theses companies to have a complete, simplified accountaing bookkeeping or not to be required to produce the balance sheet.
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