The financial year (or fiscal year) corresponds for most companies to the calendar year . A financial year is the time period between two accounting dates. For businesses that are not founded on January 1st, the first financial year can be counted as a short fiscal year instead (up until the end of the calendar year < 12 months).
Your accounting can be done by yourself, by an (external or internal) accountant or your tax advisor. Please forward SMACC the contact details of the person responsible.
There are two forms of profit determination – the net income method (german Einnahmen-Überschussrechnung) and the balance sheet creation (german Bilanzerstellung). The net income method is a simplified profit assessment method that is specified by law. It can only be used by petty traders and free lancers (right of choice).
SMACC only supports companies that use balance sheet creation.
SMACC always undertakes the accounting of accounts receivable (creditors) and accounts payable (debitors). SMACC will only undertake one area if requested.
Accounts receivable are debtors from deliveries and service. The debtor is your customer. Thus debtor receipts are outgoing invoices which you send to your customers.
Creditors are creditors of outstanding bills from deliveries and services. A creditor is your supplier who sends you an invoice. Thus credit receipts are incoming invoices that must be paid.
If you work with a tax advisor, forward their contact data to SMACC including their name, the name of their company and their contact details. If your tax advisor works in a law firm, please name the law firm.
If you currently don’t work with a tax advisor or if you are looking for a new tax advisor, SMACC is happy to advise you and help you find a suitable tax advisor. Please contact us in this case by phone ?+49 30 13 88 24 910 or write an e-mail to firstname.lastname@example.org.
Account systems are the place where costs arise and where a service is carried out. Properties, buildings, purchasing departments and warehouses are examples of account systems.
Please note: If you are intending to use an account system, please inform us in good time.
SMACC uses the account systems SKR 03 and SKR 04 as standard. Your tax advisor can tell you which account system you are using.
SMACC uses the account systems SKR 03 and SKR 04 which have 4 digits by default. The number of digits can be increased if required.
If you do not use an appropriate programme for this, you should use SMACC’s digital form. You can complete this on your PC and send it to SMACC together with the related receipts.
SuSa is the abbreviation of totals and account balances in bookkeeping (german: Summen-Saldenliste). This gives you an overview of movements on your booking accounts within a certain time period. The SuSa shows, among other things, the opening balance (OB), movements and the balance of your booking account at the end of the period. You can obtain your SuSa from your tax advisor or from your company´s accounting.
Your business has declaration requirements if you (excluding the tax office) are obliged to inform a natural or legal representative, e.g. investors, external banks or funders of your business or if you have to adhere to certain deadlines. A declaration requirement exists if, for example, you have to send a report to your investor on the 3rd of every months.
During factoring a business (creditor) sells its existing claims from deliveries and services from one or several debtors before their due date to a so-called factor. The factor is usually a credit institute.
A fixed-term contract is a contract with a clause that includes a minimum contract period, for example a gym contract. The deciding factor for us is whether you charge your customers annual subscription or similar over the course of your fixed-term contract.