Financial Bookkeeping
Ongoing bookkeeping for your German company — accurate under HGB, fully digital, and DATEV-compatible. Provided in accordance with § 6 No. 4 StBerG.
The Problem
Foreign-owned German companies face a dual challenge: they must fully comply with German bookkeeping requirements under HGB while simultaneously meeting the reporting requirements of the foreign parent company. Errors can lead to significant back taxes, late-filing surcharges, and liability risks for managing directors and shareholders.
German-Specific Rules
German chart of accounts (SKR 03/04), VAT on intra-Community acquisitions, GoBD-compliant archiving — requirements that regularly trip up foreign bookkeepers.
Intercompany Complexity
Transfer pricing documentation, arm's-length principle, CbCR reporting — topics requiring substantial expertise for the German context.
Dual Reporting
Local HGB compliance plus group consolidation requirements — two accounting worlds that must be bridged simultaneously.
What We Do
Ongoing Bookkeeping under HGB
Coding of all business transactions according to the appropriate German chart of accounts (SKR 03 or SKR 04). Our workflow is GoBD-compliant, with an audit-proof archiving system.
Digital Document Capture
We set up a digital workflow — you upload documents to a secure portal, and we process them. No paperwork in the post, no lost receipts.
Account Reconciliation
Regular reconciliation of open items in accounts receivable and payable, clarification of unclear postings, bank reconciliation.
Monthly Closings & Reporting
Monthly reports (trial balance, BWA management accounts) for your internal management and, where applicable, consolidation at the parent company.
DATEV-Compatible Data Handover
All accounting data is prepared in DATEV-compatible format and handed over to your tax advisor — for the annual financial statements and tax returns.
Intercompany Postings
Accounting treatment of intercompany services, loans, dividend distributions, and cost allocations.
VAT Support
Review of VAT treatment for incoming and outgoing invoices, in particular for cross-border services and EU invoices subject to the reverse-charge mechanism. Advance VAT returns via our partner tax advisors.
Process
Onboarding & Set-Up
Analysis of existing bookkeeping (if any), set-up of digital document workflow, agreement on chart of accounts, and familiarisation with sector-specific requirements.
Monthly Bookkeeping
You provide documents by the agreed deadline (scan or upload). We post within five working days and deliver the monthly management accounts.
Open Items Management
Weekly or fortnightly reconciliation of open items on request — essential for payment reminders and supplier payments.
Tax Advisor Handover
Quarterly or annual handover of prepared bookkeeping data to the tax advisor. We coordinate queries and resolve discrepancies.
Year-End Preparation
We prepare the bookkeeping basis for the annual financial statements — account reconciliation, fixed asset schedule preparation, provisions list. The annual financial statement itself is prepared by the tax advisor.
Who We Work With
Subsidiaries of foreign groups that need local HGB-compliant bookkeeping in Germany.
Foreign real estate companies with German properties and rental income.
Companies with a German warehouse, German customers, or German purchasing operations.
Construction companies with German construction sites and posted workers.
Companies that need proper bookkeeping immediately after company formation in Germany.
Particular experience in construction, real estate, trading, and investment — we know the sector-specific posting rules and requirements for each.
Related services
Ready to place your German bookkeeping in professional hands?
Talk to us — we ensure HGB compliance and seamless tax advisor handover.
Schedule a consultation