What does double bookkeeping mean?
Duplicate bookkeeping or double Does the double mean Booking from income and expenses, or Transactions to one account and one offsetting account, what as Debit and credit booking is referred to as. Doppik stands (among other things) for 'double bookkeeping in accounts. ' As part of double-entry bookkeeping, a Financial statements are carried out for which the balance sheet, the line-up of Inventars And the Profit and loss statement (P&L) belong. The balance sheet represents the goal with inventory as a basis.
Who does the obligation apply to?
As part of double-entry bookkeeping, companies are required to prepare profit and loss statements and to keep accounts. One There is only an exception to the obligation for certain legal forms and turnover limits as well as for freelancers and sole proprietors. Let yourself be in commercial register register, they are also required to double-entry bookkeeping. The merger to form a partnership company does not require double bookkeeping; GmbHs, GmbH & Co. KGs, OHGs and AGs, however, are subject to the obligation under the Commercial Code.
sole proprietorships that more than 800,000 euros in turnover and 80,000 euros in profit per year Drive in, must also keep double books. For farms This profit limit also applies and the value of the usable space must not exceed 25,000 euros. Anyone who is not required to double-entry bookkeeping does the YOURS instead of the P&L.
What does double-entry bookkeeping involve?
With double bookkeeping, all transactions are posted to one account and one counteraccount. Everyone business transaction is posted to one account as credit and to another as debit. Should and have Describe the accounting logicHow to book an amount, which depends on the account type. Accesses to passive accounts are booked on hand, accesses on Asset accounts On target. Analogous to these types of Inventory accounts Are also accesses to Expense accounts Booked on target and accesses on Income accounts In the have.
Income and expense accounts are among the Success accounts and are part of the P&L. This is on the passive side of balance sheetbecause it is equity. Income accounts are on the (right) liability side, expense accounts on the (left) asset side. you differ in where the funds come from - liabilities and income - and what they were used for - assets and expenses. Profit accounts decisively determine the company's profit and start from zero in every billing period.
So that the Accounts managed uniformly become, become Standard chart of accounts used. Most companies rely in particular on the SKR04 Back there this According to the financial classification principle built Is what the Financial statements made easier.
What are the advantages of double?
Although a company not required to double-entry bookkeeping is, but can it still be worthwhile if, for example, high sales scored and a large customer base has. Or in case the Sales limits exceeded for the foreseeable future become. Then double bookkeeping offers a better overview of finances. Is the company on Loans or investors As required, double-entry bookkeeping also makes more sense.
