Digital Financial Accounting 

Good financial accounting is not just about recording transactions. It provides the figures you need for tax returns and annual financial statements – and helps you understand how your business is performing.

At SKD Tax Advisory, we work with digital accounting processes throughout. Invoices and supporting documents are submitted electronically, bank transactions are imported directly and financial reports are available online.

This keeps paperwork to a minimum, simplifies day-to-day collaboration and gives you a clear view of your business figures.

Working Digitally with DATEV
We use established DATEV solutions to manage the exchange of accounting data and documents.

Invoices and supporting documents are submitted through DATEV Unternehmen online and linked to the relevant accounting entries. E-invoices can be processed directly within the digital system, while bank transactions are imported via the DATEV data centre.

The result is a straightforward and reliable accounting process with clearly defined responsibilities on both sides.

More Than Bookkeeping
Financial accounting should not simply fulfil reporting and tax requirements. It should also give you useful information about your business.

Alongside the standard accounting reports, our clients receive a short written review of their figures each month. We highlight relevant changes, unusual developments and points that deserve closer attention.

Where suitable benchmark data is available, we also provide a quarterly comparison with businesses in the same sector. This gives you an additional perspective on your own performance and helps put your figures into context.

Depending on the scope of our work, your reports may include:

• management reports, including the German BWA
• trial balances
• aged receivables and payables reports
• a monthly written review of your figures
• quarterly industry benchmarks, where appropriate data is available
• VAT advance returns
• EC Sales Lists, where required
• additional reports tailored to your business

Where useful, we discuss the figures with you and help you identify developments that may require attention or further action.

Financial Information for Better Business Decisions
Figures are most useful when you understand what they mean for your business.

Up-to-date  financial information can help you:

• monitor revenue and costs
• keep an eye on liquidity
• track outstanding receivables
• spot unusual developments early
• prepare investment and financing decisions
• consider tax implications before important decisions are made

Used in this way, financial accounting becomes a valuable management tool rather than simply a compliance requirement.

Who We Work With

Our digital financial accounting services are designed particularly for small and medium-sized businesses, self-employed professionals, healthcare practices and businesses in the skilled trades.

The legal structure of your business is less important than having reliable digital processes and providing the information needed for the accounts in full and on time.

If you are moving to SKD Tax Advisory from another tax practice, we will work with you to ensure that your existing accounting data is transferred smoothly and that the new process is set up properly from the start.

E-Invoices and Digital Documents
E-invoices are becoming part of everyday business in Germany and fit naturally into a digital accounting process.

We work with you to establish a clear process for submitting, processing and archiving invoices and supporting documents, using the DATEV solutions that best suit your business.

Financial Accounting, Tax Returns and Annual Financial Statements

We see financial accounting, tax returns and annual financial statements as connected parts of the same process.

Well-organised accounting throughout the year makes year-end work more efficient, reduces avoidable queries and helps us identify relevant tax issues at an earlier stage.

For ongoing clients, this also means that tax and business developments can be considered during the year rather than only after the year has ended.

What We Need from You
Efficient digital accounting depends on a few clear arrangements:

• invoices and supporting documents are submitted through DATEV Unternehmen online
• bank transactions are imported through the DATEV data centre
• documents and information are provided by the agreed deadlines

Together, we define a clear process for submitting, processing and archiving invoices and supporting documents.

Fees
Fees depend on the scope and volume of the accounting work and the services included in the engagement. They are charged in accordance with the German Steuerberatervergütungsverordnung (StBVV).

We agree the scope of our work with you before the engagement begins.

Digital Accounting. Personal Advice.
Digital processes make day-to-day collaboration efficient and allow us to work with clients throughout Germany.

But accounting is only part of the service. What matters is understanding what the figures mean for your business and how they affect your tax position.

Would you like to organise your financial accounting digitally or move your accounting to SKD Tax Advisory?

Book a free 15-minute introductory meeting to discuss your needs and find out whether SKD Tax Advisory is the right fit for your business.