From two-man businesses to large corporations - all companies have one thing in common: the statutory accounting requirements. If you don't carefully comply with the relevant regulations and deadlines, the tax office will be at your door. And that can be an expensive visit. So expensive, in fact, that most companies employ one or more accountants and call in external tax consultants. But an ERP system can also be a good help.
Read MoreUnderstanding accounting: the annual financial statements
The annual financial statements of a company provide an overall view of all profits and losses of the past financial year. The instrument of company accounting thus provides information about the financial status of a company.
Read MoreUnderstanding accounting: profit and loss statement (P&L)
In addition to the balance sheet, the profit and loss account (P&L) is an important report within the annual financial statement of a company.
Read MoreUnderstand bookkeeping: totals and balance list (SuSa)
A totals and balances list provides a list of all accounts posted within a selected period. It thus includes all accounts with opening and closing balances and account movements.
Read MoreApply partial invoices and partial invoices correctly
There are small but significant differences between an invoice on account and a partial invoice. Companies must therefore be careful when handling these invoice types. This affects industries such as plant engineering and construction in particular. It's good to have software to help with this.
Read MoreGoBD: Invoicing according to rules
Rules and regulations such as the GoBD sometimes make even invoicing a challenge. Accounting software can help
Read MoreGoBD: How to process an incoming invoice correctly
Rules and regulations such as the GoBD even make the recording of incoming
Read MoreDATEV format: Data transmission via DATEV
In this article, we have already explained why DATEV exists as a company and what it offers. This time, however, we want to take a closer look at their services. That's why we're talking about the DATEV format.
Read MoreAccounting explained: Sales tax pre-registration
Every business in Germany is subject to VAT. This means that it must pay the tax levied on sales to the tax office. At the same time, a company receives a VAT refund for the amount paid on purchases (input tax). In this way, VAT becomes a transitory item. The tax office wants to be informed regularly by the companies. This is done by means of the VAT advance return.
Read MoreWho is behind DATEV?
Anyone who has never actually had anything to do with DATEV will at least have come across the green and white logo. But when it comes to accounting at the latest, you can no longer avoid the software provider.
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