An accounting glossary in plain language.

The scheduled spreading of an asset's cost over its useful life. ZepDesk maintains the fixed-asset register and calculates the AfA run for each period.

A monthly comparison of revenues and costs with an interim result. In ZepDesk it comes straight from the postings, with a prior-year comparison.

A cooperative of tax advisors and the standard for exchanging data with tax firms. ZepDesk exports posting batches and master data in the DATEV format.

Electronic submission of the balance sheet and income statement to the tax authorities according to a prescribed taxonomy.

A simplified way of determining profit for businesses not required to keep double-entry books: income minus expenses, on the official form.

Principles for the proper keeping and retention of books in electronic form: traceability, immutability, retention.

Waiving the reporting of VAT on turnover below the statutory thresholds. ZepDesk knows this mode and warns you when the limits are exceeded.

Two widely used standard charts of accounts. SKR03 follows the flow of business, SKR04 the structure of the balance sheet. Both can be selected in ZepDesk.

A mandatory component for electronic cash registers under § 146a AO that logs records in a tamper-proof way.

A monthly or quarterly VAT return submitted to the tax office via ELSTER, using official code numbers.

A German XML format for electronic invoices, mandatory for public-sector clients, compliant with the EU standard CEN 16931.

A hybrid format: a PDF with embedded structured invoice data, readable by both humans and machines.