The German Commercial Code accompanied by the German General Tax Code provides for the accounting requirements in Germany. All the Companies are required to prepare proper books and accounting records that comply with German regulations.
YourGlobalPro can assist you with the entire bookkeeping and accounting services for your Germany Business Set up as per your business needs including implementation of financial accounting software, accounting records preparation and time to time preparation of budgets, forecasts.
The German law requires the annual financial statements of medium-sized and large companies to be audited. All the companies are permitted to use IFRS or German generally accepted accounting principles (GAAP). However, the companies whose securities trade in a regulated market are required to prepare consolidated financial statement using International Financial Reporting Standards (IFRS), under the provisions of the EU International Accounting Standards (IAS) Regulation.
YourGlobalPro provides you auditing services as required by your business.
The documentation requirement differs from Bank to Bank and need to be complied for the Bank account opening. The major banks in Germany are Deutsche Bank, Dresdner Bank, Commerzbank, Goldman Sachs, Chase Manhattan, Deutsche Bundesbank, HSBC Trinkaus, Westdeutsche Landesbank, Merrill Lynch & Co. All banks are stable, reliable and offer the same level of services.
YourGlobalPro facilitates all the paper work in relation to banking need and can assist you in opening bank account for your business plan in Germany.