Continuous Bookkeeping Support

Optimizing return on investment during the build-phase involves effectively managing costs and ensuring timely completion of tasks.

Companies in Germany are required to maintain proper bookkeeping. This means that all business transactions must be documented completely and in a timely manner.
The bookkeeping must comply with the principles of proper accounting (GoB). This includes completeness, accuracy, and traceability of the entries
Companies must prepare a balance sheet and a profit and loss statement (P&L). These must be published annually
There are various legal retention periods for accounting documents. For example, commercial books and annual financial statements must be kept for at least 10 years

KPMG will take over the monthly bookkeeping to ensure compliance with the German regulations
Support with monthly reportings according to local GAAP as well as a bridging to a possible Group GAAP accounting
Preparation of annual financial statements based on the bookkeeping prepared by us or bookkeeping prepared by the client
Filing the annual financial statements with the company register