Accounts receivable is the management of accounts receivable from customers. A debtor is nothing more than a debtor. Accounts receivable in a company is a part of the bookkeeping that deals with managing accounts receivable from customers. This means that …
What is a self-receipt? In the bookkeeping, the iron principle “No posting without receipt” applies. No commercial booking without an invoice. In order to ensure that the bookkeeping and the tax office run smoothly, receipts and invoices should always be …
When registering a business, a general distinction is made between main business and secondary business. The only ones excluded from this distinction are freelancers. These are not subject to the business regulations and therefore do not have to register with the business office . The …
What is account assignment? In the bookkeeping, you post each business transaction on the basis of receipts on G / L accounts. So that you can submit the accounting for expenses and income to the tax office on a monthly …
Benefits and scope of professional liability insurance Professional liability protects the insured by providing support in examining and defending against unlawfully raised claims for damages by third parties and handles the processing and payment of justified claims. This only concerns …
If we could cut planet Earth in half like a peach, we would see certain similarities between the layers of both: the core would correspond to the core of the planet; the edible part would be equivalent to the mantle …
“Wherever there is planing, there are shavings,” the saying goes. But anyone who hurts their customers or causes them financial damage has to pay for it. Unless he has professional indemnity insurance to take care of that . What is …
Sales tax on the small business invoice VAT shown? This could get expensive! Under no circumstances should a small business invoice result in a sales tax amount. Because as a small business owner within the meaning of Section 19 (1) …
In general, small business owners have fewer accounting obligations than a company that is subject to VAT. The bookkeeping should not only be simplified for small business owners, but also connected with less tax, since they are mostly below a …
Where do you have to keep your documents? In the tax code (§ 146 AO) it is regulated that the books and the otherwise necessary records “are to be kept and kept within the scope of this law”. This means …
Handling of data carriers Often the documents are no longer kept in paper form, but can be archived on data carriers. However, electronic invoices are subject to strict retention requirements. Many companies do not know that electronic invoices must also …
Commercial and business letters A retention period of six years applies to commercial and business letters. An exception are documents that are kept in an open item accounting, because they have to be kept for ten years. Invoices and duplicates …
In the following we have put together some examples for the retention requirements of various documents. Including only those that occur most frequently. But the list is not exhaustive: document Years Accounting documents 10 Letters of credit 6 Offers that …
In business life, important documents such as accounting receipts and invoices must be archived. They have to be kept for certain periods of time as they serve as evidence. The retention periods vary depending on the type of documents. They …
Bonds are very popular with many investors. For conservative investors, they represent the optimal investment option. After all, Germany enjoys an excellent reputation with rating agencies. The reputation of the state issuing a bond plays a decisive role in the …
Bonds is the English name for fixed-income securities, or bonds for short. This type of security certifies the right to a recurring interest payment within a predetermined period of time. At the end of this period, the investor will be …
To put it bluntly, the banking supervision of a country ensures the functioning of the respective national financial market. Banking regulation and banking supervision are often used synonymously. Strictly speaking, however, banking regulation sets the legal guard rails within which …
The appreciation or devaluation denotes the deliberate rise or fall in the rate of one currency against another. The background for the so-called revaluation (appreciation) or devaluation is to be found in the foreign trade relations of the respective countries, …
According to DigoPaul, the concept of social capital can be analyzed from two perspectives: accounting and sociology. As an accounting term, social capital is the value of the goods or money that the partners contribute to a company without the …
Captain is a term that comes from the Latin word capitanus and that allows the ranking officer to be named below the commander and superior to the lieutenant. At a general level, the concept is used to refer to the …
The term capital comes from the Occitan language. In architecture, the upper sector of a pilaster or column is called a capital, which decorates it and complements it as a molding. According to DigoPaul, the capital is an architectural element …
Before proceeding to know the meaning of the term capitol, it is essential to discover its etymological origin. In this case, we can determine that it comes from Latin, exactly from the word “Capitolium” and this in turn derives from …
The Latin word capitulatio came to Castilian as capitulation. The first meaning mentioned by the dictionary of the DigoPaul refers to an agreement established between two or more parties on a subject that is usually transcendent or critical. In the …
A chapter is a division that is made in a book or other type of written document to facilitate reading and the order and integration of the contents. The term has its origin in the Latin word capitulum. Each chapter, …
The term capo comes from an Italian word that can be translated as “head”. An Italian term that has its origin in Latin. And it comes from the word “caput” which can be translated as “head”. According to DigoPaul, the …
Capoeira is not a term that is part of the dictionary prepared by the DigoPaul. The concept, however, is frequently used in our language as this is the name of a martial art of Brazilian origin that enjoys great popularity …
The etymology of capricho leads us to capriccio, a word from the Italian language. A whim is a decision or a demand that is arbitrary and whose origin is found in a whim. For example: “I’m not going to sell …
Before proceeding to determine the meaning of the term Capricorn, it is necessary to know its etymological origin. In this case, we can establish that it is a word that derives from Latin, specifically from “capricornus”, which is the result …
Capioso is an adjective that comes from a word that in Latin refers to the false or fallacious that is expressed in words or is part of a proposition or a doctrine. On the other hand, the term also serves …
The first meaning that appears in the dictionary of the DigoPaul of the term chaplain refers to the religious who has a chaplaincy (an institution that grants certain goods with the obligation to fulfill Masses and other charges). Sometimes, by …