Outsourcing

Payroll Service

We Payroll supports you as if we were your own internal payroll department. Our Payroll service providers generally deliver more than just basic payroll calculations. Most use technology to minimize laborious, administrative tasks for employers and create engaging experiences for employees.

Accounting services

We can take care of your company on its administrative requirements, whether you are a startup or a well established multinational. We provide back-office services to German and international companies. We specialize in outsourcing of office processes and accounting.

What we can do
- Real -Time Accounting Services
- Accountancy Requirements for a BV Company
- 24/7 Access to Your Numbers
- Tailored Solutions for Your BV Company

Fiscal Year End

As financial year end approaches once again, we understand that it can be a stressful time for many business owners and so would like to offer a few tips to ease the pressure on your business.

1. STOCK:

Post closing stock / work in progress as discussed above.

2. EXPENSES:

Check all expenses are posted. Expenses must be wholly and exclusively for the purpose of the business to be deductible. Do any staff expenses need to be posted? Make sure you have backup documentation to vouching for all expenses.

3. SALARY & WAGES

Have all salary and wage payments posted including taxes paid? Now is the time to decide if tax free vouchers should be given to staff. Up to €500 in vouchers can be given to each member tax free, this is also an allowable deduction for corporation tax purposes. Any pension contributions should also be paid by the year end.

4. FIXED ASSETS

Were any fixed assets bought or sold during the year and if so, how were they financed? Keep copies of any related invoices, registration papers, leases and hire purchase agreements as these will be needed for the accounts.

5. BANK

All bank accounts need to be reconciled up to the year end date. Before each years end, we will send a letter to you for signing, which is then sent to the bank to confirm your balances at the years end.

6. DEBTORS

Print a list of Trade Debtors (customers) at the years end and make sure you agree to these balances. Any negative balances should be queried, were invoices missing or did the customer overpay?

7. CREDITORS

Print a list of Trade Creditors (suppliers) at the years end and agree them back to the suppliers’ statements. Any differences between what your systems say you owe a supplier against what their statement says should be documented and given to us. Also, any negative balances should be queried to make sure all invoices are posted. You need to get statements for all supplier balances at the year end.

8. KNOW YOUR DEADLINES

You need to know your Annual Return Date with the CRO and your corporation tax deadline. If you need these dates clarified please contact a member of our team. One of the most fundamental accounting principles is Timeliness. Financial Statements must be available in time to make business decisions. Therefore, it is important that financial statements and reports prepared by us, are ready as soon as possible after the year end.

When we (Database as a service) requests your books and records to prepare your Financial Statements, we attach a customized Schedule on Information of what we require. This can be used as your checklist to make sure you have everything in order for accounts to be prepared.