Time is money – this is especially true for freelancers or small businesses: craftsmen such as master painters or hairdressers, journalists, architects, etc. have neither the time nor the desire to spend an unnecessarily long time on their accounting. By switching to digital accounting, you can reduce the effort to a minimum and also significantly simplify the collaboration with your tax advisor. We’ll show you how to do this.
Anyone who organizes their accounting digitally can benefit from all the advantages that come with a paperless office.
In addition, digital accounting is a basic requirement for automation - and therefore a decisive criterion for faster and error-free processes with less work effort at the same time. How great the potential is becomes clear when looking at the time required for invoice processing. According to our invoice management study, most companies spend 11 to 19 hours a month on this. With an hourly wage of just €20, this results in costs between €220 and almost €400 per month! According to the, automation can be used to: e-invoicing journey 2019-2025 from Billentis Save up to 80 percent of the costs compared to purely paper-based processing. In order to utilize this potential, a number of hurdles must be overcome.
However, these supposed disadvantages can easily be put aside. The license costs for accounting software are only a few hundred euros and its implementation is intuitive. You can eliminate any reservations your employees may have and gain their acceptance by explaining to them the advantages of an accounting program. The question of compliance with the GoBD is much more exciting.
GoBD – what is it?
GoBD is the abbreviation for the principles for the proper management and storage of books, records and documents in electronic form as well as for data access. They must be taken into account in digital accounting. The most important thing is that you can prove at any time that every single transaction has been carried out for your paperless accounting
- verifiable,
- complete,
- correct,
- punctual,
- ordered and
- is immutable.
We have explained how you can achieve this as part of a digital transformation of your accountingChecklist summarized.
How does digital accounting work?
It is important that the switch to digital accounting follows a strategy. Software can only take on numerous tasks if the various tools are seamlessly networked with one another - for example the app for scanning analogue invoices and the solution with which payment is made. Or: the solution with which receipts are compiled and the tax advisor’s software. The following checklist covers the most important steps and provides you with guidance:
Say “goodbye” to your pendulum folder!
The digital transformation of accounting has numerous advantages. You benefit from less manual effort and faster processes and also save costs. Invoices are available regardless of location, making their approval easier. Your tax advisor will be happy about more transparency, which should then be reflected in lower fees. And the “disadvantages”? – You can handle it with your left! Let’s go digital!
