In most companies, accounting must be done every month in order to submit it to the responsible tax office. Bookkeeping/accounting tasks include, among other things, the accounting of income and expenditure, advance turnover tax returns or invoicing. Larger companies often have their own accounting departments, while in smaller and medium-sized companies accounting is often done by external tax consultants.
Even in the case of a tax consultant, bookkeeping is still usually prepared internally by the company. The so-called preparatory bookkeeping basically includes all activities to prepare all relevant documents for further processing. On the basis of these documents, the monthly financial statements and, if necessary, an economic evaluation (BWA) or advance VAT return are then prepared. With a thorough preparation of the bookkeeping, you make the work of your tax advisor or your colleagues in the accounting department considerably easier and also save them a lot of time.