Accountancy

What exactly is double-entry bookkeeping? As the name suggests, doppelte Buchführung is the double-entry method of bookkeeping that involves entering each business transaction into two different accounts. Double-entry bookkeeping involves significantly more effort than single-entry bookkeeping, but it also provides more transparency, as discrepancies are much more noticeable. Each transaction is recorded in the debit …

Contents What is the Jahresabschluss? Why prepare one? Who has to publish one? How to file it? Why does the publishing obligation apply? How are companies classified by size? What are the Jahresabschluss’s components? What are the publishing deadlines? Who signs the Jahresabschluss? What are the costs? Want to know?   [BEGIN: Insert an Image …

Contents Financial peculiarities of the UG Double-entry accounting Accounting terms Stay on top of these things Want to learn more about the UG? What is a UG (haftungsbeschränkt)? – Definition and facts Should you set up a GmbH and a UG? Registering a GmbH or UG: Here’s how! How to find the perfect company name …

Contents What is an advance VAT return? Purpose Who has to submit one?  Exemptions Actual or debit taxation? Small businesses Deadlines Quarterly advance return Monthly advance return Annual VAT return Submitting the VAT return ELSTER certificate Permanent extension Missing deadlines Conclusion   Umsatzsteuervoranmeldung: What exactly is an advance VAT return? The Umsatzsteuervoranmeldung, or UStVA for …

Contents Understanding the basics Mandatory information VAT Creating your first invoice Sending invoices Record keeping Conclusion PDF template   Understanding the basics Before diving into the specifics, let’s cover the basics of an invoice and why it’s crucial for your business. A Rechnung (invoice) in German, is a document that details a transaction between a …

Contents What is an E-Bilanz? How is it filed? Who has to submit one? What does it look like? E-balance sheet taxonomies Exemptions What is an E-Bilanz (e-balance sheet)? An E-Bilanz (e-balance sheet) is an electronic method of filing balance sheets. The content and procedure are identical to the paper form. Depending on the company’s …