The debt management is regulated in this area of accounting
You waive the test of time, and start directly with the Lex OfficeThen you get the Lex Office Instant discount for the first twelve months. Instant discount"accounting is the documentation of all the so-called business transactions. The operations associated with the assets of the company in the context, such as material purchases, revenue, salary payments or loans. According to § of the German commercial code (HGB) are obliged to all the entrepreneurs and freelancers to perform your trading transactions, systematically, and seamlessly book. In addition, the obligation of accounting from the tax law, is derived (§ of the tax code). The accounting belongs, strictly speaking, the tasks of the external accounting and is entrusted with the determination of the financial success of a company. They can be divided into the following sections be: The terms"accounting"and"accounting"are sometimes used interchangeably, which is, strictly speaking, completely correct. Under the"accounting"is more likely to understand the activity, under the"accounting"of the underlying method. Often, one assumes with the accounting Department in a company which is for the book-keeping. In all of the larger companies, the accounting is divided into several sub-areas, for which different departments are responsible: At the end of an accounting period a balance sheet and a profit and loss statement (p l) is created.
This makes the Work more effective overall
All revenue and expenditure of an operation for internal and external Bodies are clearly shown. The accounting must be kept so that the tax authorities may at any time inspect the documents. In order to capture all of these important data gaps and to structure clear, most companies use nowadays, modern accounting software. The Accounts receivable is to collect accounts receivable and credits of a company to customer and to manage. It deals so specifically with the ongoing business transactions, which relate to the customer relationships. The accounts receivable for each company is of great importance, because financial failures can only be avoided if the outstanding receivables are monitored and are driven. For this, many companies rely on specialized Software for the accounting. Through a modern program can still see the open requirements automatically and warns. The accounts receivable represents the accounts payable. In this part of the area of vendor are recorded of incoming invoices and managed. The employees of a company, in this area of the Accounting work, dealing so in order to do the financial and other obligations to suppliers or other service providers. Typical tasks: This area of accounting is in close contact to the employees of the shops, which can work with the appropriate Software even more efficient. In asset accounting, assets are recorded items of operating and managed with a degree of longevity.
Employees in this division have the task to record a decrease or increase of fixed assets, and to rate then.
In this way, possible write-downs are determined. In the accounting the accounts of the asset assets as omnibus accounts. For this purpose, the use of an efficient program solution is also classical. In the context of payroll accounting, wage and payroll of a company wound up. In addition, it deals with the care HR master data and the message to the staff: In smaller companies, the creation of work can include contracts to Work in the payroll accounting.
Basically, the German trading law book, the framework for the duties of the accounting.
What are the duties of the Individual, depends on the legal form of a company. Under certain conditions, individual entrepreneurs are, for example, from accounting exempt.
Entrepreneurs choose small in the context of their right to vote, in accordance with section a of the HGB, however, against a voluntary, commercial law, book-keeping, you need to make a profit and loss account (EUR).
Be fleshed out the legal requirements of the German commercial code with regard to the accounting: describe the principles of proper accounting. Belonging to the related obligations, seamless, chronological and factual record of each business rule, the incident - ideally in a conscientiously guided in the cash book. In addition, the basic rule is that no booking can be made without a receipt. Among the other duties of the accounting the creation of a year exceed the qualification and the obligation to accounting for companies that have certain revenue and net income limits. Furthermore, a proper accounting is characterized by a full, reasoned and clear documentation of the relevant written or electronic documents. The accounting Department is assigned to the operational accounting and has the purpose to capture every business transaction and process. It pursues the following objectives: The commercial legal accounting obligation arises from § I of the commercial code. Basic instruments of accounting are: The commercial tasks of freelancers or individual companies are limited to the simple net income. Nowadays, businessmen usually use a local bookkeeping program or a web-based solution to do the for online without the help of an external accountant or tax adviser. The principles of accounting remain here, but always the same. The Basis of accounting the inventory of a company that provides information about its assets and liabilities. In order to obtain an Overview of the in-house inventory, the so-called inventory. By the accounting Department receives clear Figures and facts about the inventory. On this Basis, you can create a balance sheet. This is divided into two pages: With the help of the balance sheet, you can break down the difference between income and expenses in an accounting period and the profit or loss of the company. The accounting is kept in so-called books. This one is different: The double-entry accounting describes the accounting a type of accounting that make all of the registered companies must. In this case, all business transactions are posted to several, at least two accounts. The booking takes place on the Should and the Have - page. In addition, a directory, a chart of accounts is provided for each sector. First of all, the account with the debit posting and the account with the booking. As a simple booking rates refers to the reservation on two accounts, and the concept of the composite booking rates are such to more than two accounts. The accounting of a company is recorded in the so-called books. A distinction is made: In the land register are recorded business transactions in chronological order, while in the General Ledger the g l accounts be merged, which form the Basis for the preparation of the annual financial statements. Supplementary information for the proper accounting can be found in the next to books.
The organisation chart for accounts is called the chart of accounts and forms the The basis for a specifically on a company-specific chart of accounts.
This is for a clear documentation needed. The computerized accounting has set itself not only in large but also in medium and small enterprises in the Form of modern accounting software. Here, too, the principles must be adhered to. Who solution uses an efficient Computer, you must make sure that each business transaction of the company is recognised in the framework of the accounting seamlessly and at any time, the financial authorities and controls can be viewed. Once made bookings are allowed to be retroactively changed.
Furthermore, a proper procedure must ensure documentation that you can be tracked by third parties easily.
Observed accounting should be at the computer in addition to any extended retention periods for accounting documents pursuant to § Para. The only in the files of the programs stored documents must be provided to the financial authorities so that they can be read without any additional technology. Here it is, for the documents to print Who uses a Software for the resolution of commercial Work, for the document principle also applies. Nevertheless, a proper program documentation is sufficient in the context of the accounting by means of a modern program. To make your accounting easier and at the same time more efficient, many companies use now a modern accounting program.
This offers the decisive advantage that many data need only be entered once and then automatically by the program be supplemented.
The management of the master data or the assignment of customer invoices much faster.
In addition, costs for working time and work can save hassle and book-keeping are overall cleaner design.
Legal innovations in the Area to be updated in a modern program automatically. It is the Result of books in many different areas and many users, is a great help in the accounting easier. In the meantime it is, therefore, in most companies, a normal, book-keeping, automated on the Computer. The providers provide users with most services and additional Features available. For this purpose, a built-ELSTER interface for the direct Transfer of VAT returns or the tax statement to the tax office, for example. Nowadays, it is always use of common, modern Cloud services to do the accounting yourself. For the Online accounting is that you can access at any time and from any place to all your accounting data. So the user can add important data at any time, without having to go to the office. The high cost for special Software to be cost by the Online accounting are reduced and business Work can be done by a total of more effective. Some programs are even helping to create the payroll accounting online. However, potential customers an Online solution regularly, the question is, how secure is the data your accounting in the Cloud. Who decides from the outset for a reputable supplier, must make the issue of data security.
Accounting is an important pillar of a well-functioning company and the right program can help to optimize this area of accounting.
Especially for the founders of an Online accounting software can be a good Alternative to analog accounting or the classic Desktop Software. With Lex Office accounting makes Offers write, create invoices, and the accounting is done automatically. This saves time and money Try thirty days free of charge and non-binding Lex's Office. No subscription, Test ends automatically.
