Accounting firm refers to an external company that, for other companies, runs ongoing Financial accounting within the legally permissible framework.
Basics
A financial accounting firm records business transactions, performs Account assignments through, created Booking entries and maintains main and subsidiary ledgers. This also includes the reconciliation of debtor and creditor accounts and the creation of business evaluations.
The responsibility for the proper functioning of bookkeeping remains with the commissioning company.
Legal framework
The performance of ongoing bookkeeping work is regulated by law. A financial accounting firm may only carry out activities within the scope permitted. Tax advice or legal representation is regulated separately.
Systematic classification
- Financial accounting service providers
- Accounting firm
- External accounting
- Double-entry bookkeeping
- Prepare year-end accounts
The term is often used synonymously with financial accounting service provider or accounting firm.
Typical areas of responsibility
- Live booking of business transactions
- Content alignment
- 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, financial accounting firms often work digitally and process-oriented. A clear division of tasks and responsibilities is organisationally essential.
Typical sources of error
- Incomplete documents
- Missing account reconciliation
- Unclear responsibilities
FAQ
Does the company remain liable?
Yes. Even if performed externally, the company remains responsible for the regularity of its accounting.
Conclusion
A financial accounting firm undertakes ongoing financial accounting within the legally permissible framework and 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.
