Financial accounting service providers refers to an external company that, for other companies, runs ongoing Financial accounting within the legally permissible scope.
Basics
A financial accounting service provider takes over organisationally outsourced bookkeeping tasks. These include, in particular, the recording of business transactions, Account assignment, creation of Booking entries and account reconciliations.
The responsibility for the completeness and accuracy of the provided documentation remains with the company.
Legal framework
The performance of ongoing bookkeeping work is regulated by law. A financial accounting service provider may only perform activities within the permissible scope. Tax advice or legal representation is regulated separately.
Systematic classification
- Financial accounting
- External accounting
- Accounting Services
- Accounting service provider
- Double-entry bookkeeping
Organisationally, a financial accounting service provider is part of a company's external accounting.
Typical areas of responsibility
- Live booking of business transactions
- Reconciliation of debtor and creditor accounts
- Maintenance of main and subsidiary ledgers
- Preparation of business evaluations
- Assistance with preparatory final works
Typical procedure
- Provision of accounting records
- Recording and accounting
- System Entry
- Voting and plausibility check
- Provision of evaluations
Practical relevance
In practice, cooperation is based on clearly defined processes and responsibilities. Even when carried out externally, the company remains responsible for the regularity of the accounting records.
Typical sources of error
- Incomplete documents
- Unclear task definition
- Missing coordination processes
FAQ
Does the company remain liable?
Yes. The responsibility for the proper bookkeeping remains with the company.
Conclusion
A financial accounting service provider undertakes ongoing bookkeeping work within the legally permissible scope. It is clearly distinct from tax advice and is organisationally part of external accounting.
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.
