Book­keep­ing / Finan­cial State­ment Preparation

Clear Overview of Busi­ness Process­es and Procedures

Statu­to­ry book­keep­ing and doc­u­men­ta­tion oblig­a­tions require you to sys­tem­at­i­cal­ly record all rel­e­vant busi­ness and pay­ment transactions.

We can assist you with every­thing nec­es­sary, whether you would like us to pre­pare your books in our firm’s offices (e.g., online or con­ven­tion­al­ly by sub­mit­ting your doc­u­men­ta­tion), or to set up and mon­i­tor a book­keep­ing sys­tem you main­tain. The col­lab­o­ra­tive work­ing rela­tion­ship between your com­pa­ny and our firm can also include an arrange­ment where­by we only man­age cer­tain aspects of your account­ing activities.

Orga­ni­za­tion and a good overview also sim­pli­fy finan­cial mat­ters in your pri­vate life. For this rea­son, we will also glad­ly han­dle all of the billing asso­ci­at­ed with man­ag­ing your properties.

All of the ser­vices we offer in this regard are per­formed by expe­ri­enced assis­tant tax advi­sors (Steuer­fachangestellte) or tax pro­fes­sion­als (Steuer­fach­wirte) in con­sul­ta­tion with the rel­e­vant tax advi­sors (Steuer­ber­ater). It would be our plea­sure to inform you about the spe­cif­ic options avail­able to you in a per­son­al meeting.

  • Finan­cial Accounting

Book­keep­ing in com­pli­ance with the applic­a­ble rules is the foun­da­tion for sta­ble cor­po­rate gov­er­nance. We can han­dle all or some of your book­keep­ing activ­i­ties to spare you this work.

  • Ongo­ing finan­cial account­ing, includ­ing account allo­ca­tion and com­put­er-based post­ing of vouchers
  • Month­ly ledger account­ing for accounts receiv­able and payable (open-item accounting)
  • Prepa­ra­tion of pre­lim­i­nary VAT returns and sum­ma­ry reports along with time­ly elec­tron­ic sub­mis­sion to the tax authorities
  • Prepa­ra­tion of month­ly lists of totals and bal­ances with stan­dard­ized man­age­ment analy­sis (Betrieb­swirtschaftliche Auswer­tung – BWA)
  • Digital/​paperless finan­cial accounting
  • Set-up of dig­i­tal book­keep­ing system
  • Han­dling of pay­ment reminders (if using open-item accounting)
  • Prepa­ra­tion of cost account­ing calculations
  • Prepa­ra­tion of man­age­ment analy­ses (Betrieb­swirtschaftliche Auswer­tun­gen – BWAs) for banks
  • Prepa­ra­tion of man­age­ment analy­ses for finan­cial con­trol purposes
  • Prepa­ra­tion of exter­nal com­pa­ny comparisons
  • Prepa­ra­tion of indus­try analyses
  • Advice on ratings
  • Book­keep­ing on site
  • Finan­cial account­ing in com­pli­ance with applic­a­ble rules
  • Less work for you
  • Com­pli­ance with statu­to­ry sub­mis­sion and report­ing deadlines
  • Avoid­ance of lia­bil­i­ty risks
  • Opti­mal advice, opti­mal tax design possible
  •  Pay­roll Accounting

The con­stant increase in demands—most recent­ly due to the intro­duc­tion and elim­i­na­tion of ELE­NA and the intro­duc­tion of ELStAM, the Ger­man elec­tron­ic wages tax card using elec­tron­ic cri­te­ria for wages tax deduction—has made pay­roll account­ing into some­thing best left to high­ly qual­i­fied pro­fes­sion­als, like our trained experts, who will have no prob­lem han­dling your pay­roll needs.

  • Run­ning month­ly payroll
  • Prepa­ra­tion of con­struc­tion pay­roll calculations
  • Sub­scrib­ing and unsub­scrib­ing employ­ees from health insurance
  • Man­age­ment of employ­ee pay­roll accounts
  • Time­ly report­ing of pay­roll tax and social secu­ri­ty contributions
  • Prepa­ra­tion of pay­ment orders or bank trans­fer forms
  • Prepa­ra­tion of pay state­ments, appli­ca­tions to health insur­ance providers, employ­ment offices, insur­ance com­pa­nies, gov­ern­ment offices, etc.
  • Prepa­ra­tion of pay state­ments for Ger­man Employ­ers’ Lia­bil­i­ty Insur­ance Asso­ci­a­tions (Beruf­sgenossen­schaften)
  • Report­ing of pay data for all employ­ees to the Cen­tral­ized Data Pool (as part of ELE­NA, the Ger­man elec­tron­ic wage ver­i­fi­ca­tion system)
  • Con­tact for health insur­ance providers and tax authorities
  • Advance cal­cu­la­tion of salaries, e.g., for pay negotiations
  • Advice and sup­port dur­ing audits, for exam­ple by the tax author­i­ties, social secu­ri­ty agen­cies, the Ger­man Employ­ers’ Lia­bil­i­ty Insur­ance Asso­ci­a­tions (Beruf­sgenossen­schaften), cus­toms, etc.
  • Prepa­ra­tion of appli­ca­tions for mother’s / parental benefit
  • Pro­cess­ing of wage garnishments
  • Assis­tance with prepa­ra­tion of employ­ment con­tracts (In coop­er­a­tion with our part­ners, when necessary)
  • Set-up of pay­roll hot­line for your questions
  • Han­dling of trav­el expense reports
  • Sem­i­nars for your employ­ees on top­ics such as trav­el expens­es, non-cash ben­e­fits, etc.
  • Accu­rate keep­ing of pay­roll account­ing records
  • Com­pli­ance with statu­to­ry sub­mis­sion and report­ing deadlines
  • Time sav­ings
  • Avoid­ance of lia­bil­i­ty risks
  •  Prepa­ra­tion of Finan­cial Statements

Finan­cial state­ments are the cen­ter­piece of account­ing. Even if you han­dle the rest of your tax mat­ters your­self, we would be hap­py to pre­pare your finan­cial state­ments. The objec­tive per­spec­tive of an out­side par­ty can often iden­ti­fy addi­tion­al opportunities.

  • Prepa­ra­tion of sin­gle-enti­ty and con­sol­i­dat­ed finan­cial statements
  • Prepa­ra­tion of sim­pli­fied prof­it state­ments on the basis of the cash method of account­ing (for busi­ness­es not required by Ger­man law to issue bal­ance sheets) for free­lancers and small companies
  • Plau­si­bil­i­ty test­ing of your finan­cial statements
  • Prepa­ra­tion of finan­cial state­ments accord­ing to the Ger­man Com­mer­cial Code (Han­dels­ge­set­zbuch – HGB)
  • Notes to finan­cial statements
  • Sub­mis­sion of finan­cial state­ments for pub­li­ca­tion in the Ger­man Fed­er­al Gazette (Bun­de­sanzeiger)
  • Dis­cus­sion of results for the year
  • Fixed asset account­ing services
  • Sup­port for inven­to­ry taking
  • Visu­al pre­sen­ta­tion of your finan­cial state­ments, for exam­ple to banks, shareholders
  • Advis­ing on the future
  • Ratio analy­sis of finan­cial con­di­tion and results of operations
  • Cash flow state­ment (“Where is my profit?”)
  • Busi­ness plan­ning for sub­se­quent years
  • Sup­port dur­ing tax audits
  • Check for com­pli­ance with the Ger­man Reg­u­la­tions on Data Access and the Auditabil­i­ty of Dig­i­tal Doc­u­ments (Grund­sätze zum Daten­zu­griff und zur Prüf­barkeit dig­i­taler Unter­la­gen – GDP­dU)
  • Prepa­ra­tion of finan­cial state­ments accord­ing to IFRSs
  • Finan­cial state­ments in com­pli­ance with legal requirements
  • Time­ly prepa­ra­tion of finan­cial statements
  • Call­ing card for banks
  • More reli­a­bil­i­ty due to plau­si­bil­i­ty test­ing even if you do your account­ing yourself
  • Overview of the finan­cial con­di­tion and results of oper­a­tions of your business
  •  Prop­er­ty Management

Many clients feel they spend far too much time and effort man­ag­ing their rental prop­er­ties. We would be hap­py to help!

  • Rental account management
  • Track­ing of incom­ing rent payments
  • Pay­ment reminders
  • Pay­roll account­ing for build­ing managers
  • Billing of heat­ing costs/​other util­i­ties and expenses
  • Month­ly income/​expense report
  • Cer­ti­fi­ca­tion in accor­dance with sec­tion 35 a of the Ger­man Income Tax Act (Einkom­men­steuerge­setz – EStG)
  • Ten­ant searches
  • Apart­ment hand-overs
  • Main­te­nance
  • Prepa­ra­tion of build­ing man­age­ment invoic­ing in com­pli­ance with applic­a­ble rules
  • Billing of util­i­ties and expens­es in com­pli­ance with applic­a­ble rules
  • Less work for you