The obvious answer would be \u201cright after the financial year has been closed in the accounting\u201d, however there\u2019s little bit more to it. It\u2019s not just the accounts and even then, the Annual Report doesn\u2019t prepare itself. You need to put in your time! And make sure you\u2019ve got all information that\u2019s to be presented within one.<\/p>\n
Fact of the matter is that often times you might think what\u2019s there to be done and it cannot take up this much time. It can and it most probably will! The right answer to this question would be \u201cwhen you\u2019ve got the accounts ready, information gathered and time made available for the process\u201d. Only then is it best to start with preparing an Annual Report.<\/p>\n
Having the financial year accounts ready is one thing that\u2019s a prerequisite for the report obviously, but it\u2019s also the extra information and bits you need. An Annual Report isn\u2019t just made out of figures, but also additional text with content behind the numbers etc. And most importantly, you must have the time for it. Why? Firstly you wouldn\u2019t want your other duties to suffer too much and secondly doing the Annual Report at the expense of your sleeping hours and weekends isn\u2019t the best solution \u2013 mistakes are bound to happen that way, you don\u2019t get your rest etc.<\/p>\n
All in all, the best time is when you have the time. Make yourself some time available purely for the preparation of the Annual Report to have it done quickly, thoroughly and without mistakes.<\/p>\n