Nacken Hillebrand Partner

Implementation and organization of internal and external accounting

Financial Accounting: Boring for many – The basis of every decision for us.

External accounting

The external accounting, often referred to as accounting, financial accounting or Fibu (German abbreviation) gives information you are required to give out to third parties (for example the fiscal office, the company register or credit institutions) based on legislations such as HGB, EStG or KWG or based on contractual obligations to customers or suppliers.

We are offering the following services:

If you are doing the accounting yourself:

  • implementation of the accounting system: Choice of the fitting accounting plan, development of the account plan and choice of software, ASP
  • auditing of your accounting
  • schooling of your staff
  • preparation of special evaluations and presentation

If we are doing the accounting:

  • financial accounting with regard to HGB, EStG and IRFS incl. monthly VAT prepayments
  • payroll
  • monthly or quarterly evaluations (if need be with target-performance comparison, ratios and revolving planning
  • cash based yearend statements
  • yearend statements and presentations
  • interim statements and special balance sheets

A well working accounting system is key to good management. The entrepreneur has to be able to see how the company is doing at any time. Bad accounting can be the reason for business failures. If there are huge differences between the ongoing accounting and the year end statement this can have negative impact on your credit rating or your assessment with credit agencies. High quality of accounting is in a company’s best interest.

Internal accounting

The internal accounting, also known as cost accounting gives the information required by management and other decision makers within the company. Internal accounting does not know any regulations and can be configured in a way to fully solve the needs within the company.

We support you with:

If you take care of cost accounting yourself:

  • analysis of information requirements
  • development of a cost accounting system suited for your company based on the analysis
  • cost accounting software
  • schooling (theoretical and practical) of your staff

If you want us to take care of cost accounting:

  • analysis of information requirements
  • development of a cost accounting system suited for your company based on the analysis
  • evaluations

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