Optimizing return on investment during the build-phase involves effectively managing costs and ensuring timely completion of tasks.
Your key questions, challenges and objectives
- 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
How we support
- 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
- Support during the year end audit
Heike Strissel
Director, Tax
KPMG AG Wirtschaftsprüfungsgesellschaft
+49 69 9587-2106 Heike
Strissel
Phone number
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Get in touch for further questions
Andreas Glunz
Managing Partner International Business
KPMG AG Wirtschaftsprüfungsgesellschaft
+49 211 475 7127 Andreas
Glunz
Phone number
Joachim von Prittwitz
Markets, International Business
KPMG AG Wirtschaftsprüfungsgesellschaft
+49 30 2068-4195 Joachim
von Prittwitz
Phone number