Relocating accounting operations abroad: regulations and how to avoid penalties German regulations on the relocation of electronic invoicing have become more flexible in recent years. Companies can now maintain and manage electronic books and records not only within the EU/EEA, but also in other countries, provided that the legal requirements are met. These include countries such as the USA, Switzerland […]
Digitalization of accounting not only means moving from a paper-based to a paperless office, but also redefining accounting processes. Thanks to modern technologies, companies can manage, analyze and use their financial data more efficiently. Selected examples of accounting processes that benefit from digital transformation In the following, we show selected examples of accounting processes that benefit from digital transformation: 1. […]
Issue The supplier, specializing in providing classic car spare parts through its online shipping platform, encountered a significant challenge when it came to reconciling outgoing invoices generated by their Enterprise Resource Planning (ERP) software, specifically JTL. This hurdle gave rise to a concerning accumulation of open items within their financial records, primarily in the form of unpaid invoices as well […]
