![]() ![]() With the account balance numbers from Xero it would be possible to create the advance turnover tax notification (VAT) and the ZM (recapitulative statement for deliveries and services in the EU) and then to transmit the data via ELSTER to the tax authorities, but to all other purposes Xero bookkeeping will be more likely to fail. ![]() The sole import of account balance numbers into DATEV or other German systems would not be sufficient for the preparation of financial statements. Xero does not provide interfaces to German accounting software. If and when a solution to this problem would come, nobody knows. We have already discussed this with Xero. Although Xero offers the possibility for incoming and outgoing invoices to be stored to each record of the bookkeeping, you can not currently download all records of the year, quarter, or month at a time, but you would have to export each individual document painstakingly out of Xero. In the case of a tax audit, all documents of the company must be made available to the tax office. Therefore, the data must be necessarily submitted in the GDPDU standard to the tax auditors, a data format which the tax authorities in Germany use to evaluate all financial data. In the practice, the German tax authorities will want to access electronically, in the case of a tax audit, all financial data of your company. ![]() While the annual tax balance sheet is to be provided for the tax office, is the annual financial statement (based on German commercial law) necessary for the mandatory disclosure in the trade register. Numerous tax regulations often lead to differences in the commercial and tax balance sheet. Moreover, in Xero the distinction between German commercial law and German tax law not implemented. 3 EStG as well as for balance sheets, however, is the digital submission to the tax office via ELSTER mandatory. For profit assessments according to § 4 para. Xero data can not be transferred over an ELSTER interface ( Elektronische Steuer erklärung = electronic tax return) to the German tax authorities the data. Xero data and evaluations do not meet the German standards for generally accepted accounting principles. This means that accounting and financial statements can not be fully prepared in Xero and then submitted to the German tax office. The problem: XERO is not certified for the German market After a year working with Xero - and on account of frequent inquiries - we summarize: ![]()
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