{"id":690,"count":3,"description":"Digital accounting involves organising all key financial processes electronically from start to finish: from invoicing to payment transactions and communication with the tax authorities.\r\nAt the heart of this are digital incoming and outgoing invoices, which are generated, processed and archived using standardised IT solutions. They contain all the information required by law, just like paper invoices, but are stored electronically and protected against subsequent alteration. This reduces printing, postage and archiving costs and significantly speeds up auditing and bookkeeping processes. Bank account transactions are automatically imported via digital interfaces, and payment transactions (bank transfers, SEPA direct debits) are initiated directly from the financial accounting system. Bank statements and payment files are posted automatically; the level of automation increases with the use of modern systems, extending to the use of artificial intelligence.\r\nCommunication with external partners \u2013 in particular the tax authorities, banks, tax advisers and auditors \u2013 takes place via clearly defined standard interfaces. Tax returns, e-balance sheets and data for tax audits are transmitted electronically, whilst reports such as business performance analyses, profit and loss accounts and balance sheets are available in an almost constantly up-to-date form. For businesses, digital accounting means: (a) significant time and cost savings due to the elimination of manual data entry, (b) faster and more transparent processes, (c) better data quality and up-to-date key figures at all times as a basis for decision-making. In this way, traditional bookkeeping is transformed into an efficient, digitally networked information and control centre for your business.","link":"https:\/\/suw-steuerberatung.de\/en\/category\/digitalization\/accounting\/","name":"Accounting","slug":"accounting","taxonomy":"category","parent":688,"meta":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t