The GoBD includes a large number of requirements designed to ensure that bookkeeping is proper and unalterable. This applies to both the actual bookkeeping and the storage of the corresponding data. A key component is the procedural documentation, which describes in detail how the accounting processes run and how the data is managed.
Every taxable company in Germany, regardless of its size, must fulfil these requirements. This applies to both sole proprietorships and large groups such as DAX-listed companies.
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