{"id":4433,"date":"2026-04-15T11:52:17","date_gmt":"2026-04-15T11:52:17","guid":{"rendered":"https:\/\/www.brasser-accounting.de\/?post_type=glossar&#038;p=4433"},"modified":"2026-05-12T10:12:59","modified_gmt":"2026-05-12T10:12:59","slug":"payments","status":"publish","type":"glossar","link":"https:\/\/www.brasser-accounting.de\/en\/glossar\/zahlungsverkehr\/","title":{"rendered":"Payments"},"content":{"rendered":"<nav class=\"toc\" aria-label=\"Table of Contents\">\n<h2>Table of Contents<\/h2>\n<ul>\n        <li><a href=\"#einleitung\">Brief definition<\/a><\/li>\n        <li><a href=\"#grundlagen\">Basics<\/a><\/li>\n        <li><a href=\"#recht\">Legal framework<\/a><\/li>\n        <li><a href=\"#einordnung\">Classification<\/a><\/li>\n        <li><a href=\"#tools\">Components<\/a><\/li>\n        <li><a href=\"#schritte\">Procedure<\/a><\/li>\n        <li><a href=\"#praxis\">Practice<\/a><\/li>\n        <li><a href=\"#fehler\">Sources of error<\/a><\/li>\n        <li><a href=\"#faq\">FAQ<\/a><\/li>\n        <li><a href=\"#fazit\">Conclusion<\/a><\/li>\n      <\/ul>\n<\/nav>\n\n<section id=\"einleitung\">\n        <div class=\"snippet info\">\n          <p><strong>Payments<\/strong> encompasses all transactions concerning a company's deposits and withdrawals. It is a central component of <a href=\"\/en\/glossary\/financial-accounting\/\">Financial accounting<\/a> and affects both cashless and cash transactions.<\/p>\n        <\/div>\n      <\/section>\n\n      <section id=\"grundlagen\">\n        <h2>Basics<\/h2>\n        <p>Payment transactions include all money movements that take place via bank accounts or cash registers. The basis for booking is respective receipts or bank statements.<\/p>\n        <p>The appropriate <a href=\"\/en\/glossary\/accounting-entry\/\">Account assignment<\/a> and the creation of a <a href=\"\/en\/glossary\/booking-entry\/\">Booking entry<\/a> ensure proper recording.<\/p>\n      <\/section>\n\n      <section id=\"recht\">\n        <h2>Legal framework<\/h2>\n        <p>Payment transactions must be fully, correctly, and verifiably documented. The general requirements for proper bookkeeping apply without restriction.<\/p>\n        <div class=\"snippet tip\">\n          <p><strong>Note:<\/strong> Regular reconciliation of bank and cash accounts supports adherence to <a href=\"\/en\/glossary\/gobd\/\">GoBD<\/a>.<\/p>\n        <\/div>\n      <\/section>\n\n      <section id=\"einordnung\">\n        <h2>Systematic classification<\/h2>\n        <p>Payment transactions are closely linked to:<\/p>\n        <ul>\n          <li><a href=\"\/en\/glossary\/bank-statements\/\">Bank transactions<\/a><\/li>\n          <li><a href=\"\/en\/glossary\/cash-book\/\">Cash book<\/a><\/li>\n          <li><a href=\"\/en\/glossary\/accounts-receivable\/\">Debtors ledger<\/a><\/li>\n          <li><a href=\"\/en\/glossary\/accounts-payable\/\">Accounts payable<\/a><\/li>\n        <\/ul>\n        <p>It forms the interface between operational payment flows and accounting recording.<\/p>\n      <\/section>\n\n      <section id=\"tools\">\n        <h2>Components<\/h2>\n        <ul>\n          <li>Bank account<\/li>\n          <li>Cash accounts<\/li>\n          <li>Payment receipts<\/li>\n          <li>Voting processes<\/li>\n        <\/ul>\n      <\/section>\n\n      <section id=\"schritte\">\n        <h2>Typical procedure<\/h2>\n        <ol>\n          <li>Payment process capture<\/li>\n          <li>Allocation to the business transaction<\/li>\n          <li>Creation of the booking entry<\/li>\n          <li>Recording and reconciliation<\/li>\n        <\/ol>\n      <\/section>\n\n      <section id=\"praxis\">\n        <h2>Practical relevance<\/h2>\n        <p>Structured payment processing supports liquidity planning and forms an essential basis for <a href=\"\/en\/glossary\/prepare-annual-financial-statements\/\">Annual financial statements<\/a>. In digitally organised processes, it is part of the <a href=\"\/en\/glossary\/digital-accounting\/\">digital accounting<\/a>.<\/p>\n      <\/section>\n\n      <section id=\"fehler\">\n        <h2>Typical sources of error<\/h2>\n        <div class=\"snippet warn\">\n          <ul>\n            <li>Unreconciled payment transactions<\/li>\n            <li>Missing reconciliations between the bank and accounting<\/li>\n            <li>Unclear allocation of incoming or outgoing payments<\/li>\n          <\/ul>\n        <\/div>\n      <\/section>\n\n      <section id=\"faq\">\n        <h2>FAQ<\/h2>\n        <div class=\"snippet info\">\n        <h3>The payment system encompasses all processes and infrastructure involved in the transfer of funds between parties. This includes payment transactions, clearing, and settlement.<\/h3>\n        <p>All cash and non-cash receipts and payments of a company.<\/p>\n      <\/div>\n\n        <div class=\"snippet info\">\n        <h3>Is payment processing part of financial accounting?<\/h3>\n        <p>Yes, it is a central component of ongoing bookkeeping.<\/p>\n      <\/div>\n\n        <div class=\"snippet info\">\n        <h3>Why is he important?<\/h3>\n        <p>He ensures complete documentation of payment flows.<\/p>\n      <\/div>\n      <\/section>\n\n      <section id=\"fazit\">\n        <h2>Conclusion<\/h2>\n        <p>Payment transactions encompass all of a company's money movements and are an essential part of financial accounting. Proper recording ensures transparency and traceability.<\/p>\n      <\/section>\n\n      <footer class=\"author\">\n        <strong>Author<\/strong>\n        <span>the BAS editorial team<\/span>\n        <span class=\"note\">Services pursuant to \u00a7 6 No. 3 and 4 StBerG, no tax or legal advice.<\/span>\n      <\/footer>\n\n      <p class=\"disclaimer\">\n        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 \u00c5rj\u00e4ng AB (Swedish tax office). BAS exclusively performs services according to \u00a7 6 No. 3 and 4 StBerG and does not provide tax or legal advice.\n      <\/p>","protected":false},"template":"","glossar-kategorien":[20],"class_list":["post-4433","glossar","type-glossar","status-publish","hentry","glossar-kategorien-finanzbuchhaltung"],"_links":{"self":[{"href":"https:\/\/www.brasser-accounting.de\/en\/wp-json\/wp\/v2\/glossar\/4433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brasser-accounting.de\/en\/wp-json\/wp\/v2\/glossar"}],"about":[{"href":"https:\/\/www.brasser-accounting.de\/en\/wp-json\/wp\/v2\/types\/glossar"}],"wp:attachment":[{"href":"https:\/\/www.brasser-accounting.de\/en\/wp-json\/wp\/v2\/media?parent=4433"}],"wp:term":[{"taxonomy":"glossar-kategorien","embeddable":true,"href":"https:\/\/www.brasser-accounting.de\/en\/wp-json\/wp\/v2\/glossar-kategorien?post=4433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}