Accruals and deferred income are balance sheet items that are used to allocate income and expenses to the correct period. They are recognised if a payment was made in the current financial year, but the associated service or expense falls into a future period. An example of this is rent paid in advance in December for January. In this case, the amount paid is recognised as an asset in the balance sheet and only recognised as an expense in the following year. They are a central component of the annual financial statements and contribute to compliance with the principle of Accrual-based profit calculation with. Special assessment requirements can be met by add-ons such as the Versino Financial Suite that enable advanced financial analyses.
Trial Balance in SAP Business One: What the Versino Financial Suite does differently – and why tax advisors notice
The Trial Balance is one of the oldest reports in accounting. Every accounting program has it, and SAP Business One itself...
Versino Financial Suite Version 05.2026: What's Changed
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E-Invoicing 2026: From Receipt to Mandatory Issuance — what SMEs must clarify now
From 1 January 2025, every B2B company in Germany must be able to receive electronic invoices — regardless of turnover. One and a half years...
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Verifactu in Spain: the new invoicing obligation
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The e-invoicing regulations in Europe
Electronic invoicing is no longer a topic for the future, but is becoming a legal requirement in many European countries. Driven by initiatives such as ...
