Accounting

Bookkeeping (or accounting) deals with all financial aspects concerning the assets of a company. These can be, for example, loans, payments and receivables, as well as wage and salary payments.

Tasks of the accounting department

Accounting is an overarching term for the following areas:

Financial and balance sheet accounting
Accounts receivable and accounts payable
Asset accounting
Payroll accounting

Financial and balance sheet accounting

Financial and balance sheet accounting deals with business figures, such as quarterly and monthly accounts. The annual report and balance sheet are also submitted at the end of the year. The financial and balance sheet accounting department has an overview of all important key figures and can intervene in case of problems.

Accounts receivable and accounts payable

Accounts receivable and accounts payable deal with all incoming and outgoing invoices.

Asset accounting

Asset accounting, as the name suggests, deals with financial assets such as real estate, machinery, interest and depreciation.

Payroll accounting

Payroll accounting is responsible for the settlement of wages and salaries. It also handles the associated social benefits and taxes. In addition, there are also special payments, such as holiday and Christmas bonuses, bonuses or premiums.

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