Priyanka Ganguly
Bookkeeper for Real Estate & Ecommerce | QuickBooks & Xero
If you want to work as a bookkeeper in Germany, there are several subjects you should master. German bookkeeping is different from US or UK bookkeeping because it follows the German Commercial Code (HGB) and has strict tax rules.
1. German Accounting Standards (Most Important)
HGB...
Yesterday I found a $2,700 expense sitting in "Ask My Accountant" for 8 months.
The owner thought everything was fine because the bank account had money.
After reviewing the books, we discovered several uncategorized transactions affecting the financial reports.
Clean books don't...
When choosing an accountant or bookkeeper, reliability and communication are often more valuable than credentials alone.
A business owner doesn't just hire a bookkeeper to record transactions.
They hire someone who provides clarity, confidence, and peace of mind.
Reliability – They...
Profit = what the accounting books say you earned after expenses
Cash flow = actual money moving in and out of your bank account
Know Your True COGS
Many sellers only include product purchase costs.
They forget:
Freight costs
Shipping costs
Packaging
Import duties
Warehouse expenses
Without these costs, reported profits may be misleading.
Lesson: Accurate bookkeeping creates accurate pricing decisions