Accounting firm is a company that for other companies the ongoing Financial accounting within the legally permissible framework.
Basics
An accounting firm records business transactions, performs Account assignments through, created Booking entries and reconciles accounts. Typical activities include maintaining the general and subsidiary ledgers and preparing management accounts.
The responsibility for the proper functioning of bookkeeping remains with the commissioning company.
Legal framework
The performance of ongoing bookkeeping work is legally regulated. A bookkeeping firm may only provide services within the permitted scope. Tax advice or legal representation is regulated separately.
Systematic classification
- Accounting Services
- Accounting service provider
- Financial accounting service providers
- External accounting
- Double-entry bookkeeping
The term „bookkeeping firm“ is a colloquial term for providers of ongoing bookkeeping services.
Typical areas of responsibility
- Live booking of business transactions
- Reconciliation of debtor and creditor accounts
- Accounting system maintenance
- Creation of business management evaluations
- Preparatory activities for final theses
Typical procedure
- Provision of accounting records
- Recording and accounting
- System Entry
- Content alignment
- Provision of evaluations
Practical relevance
In practice, accounting firms often work digitally and process-based. A clear division of tasks and responsibilities is organisationally essential.
Typical sources of error
- Incomplete documents
- Unclear responsibilities
- Missing coordination processes
FAQ
Does the company remain liable?
Yes. Even if performed externally, the company remains responsible for the regularity of its accounting.
Conclusion
An accounting firm undertakes ongoing bookkeeping services within the framework permitted by law. It must be clearly distinguished from tax advice.
Brasser Accounting Solutions GmbH is a specialised accounting service provider and part of a corporate group with Quint GmbH (tax consultancy/auditing) and Service Place Årjäng AB (Swedish tax office). BAS exclusively performs services according to § 6 No. 3 and 4 StBerG and does not provide tax or legal advice.
