Finances & Accounting

Finances, accounting under control and the audit

Clean bookkeeping is a basic requirement for any successful business activity.

Only those who book incoming and outgoing payments without gaps have control over how their company is really doing. Bookkeeping is also the basis for the budget and future planning. A sole proprietorship with a maximum turnover of CHF 500,000 must keep at least one set of accounts covering income, expenditure and assets. In theory, it would be sufficient to keep all receipts and vouchers in a reasonably organised manner and present them to the official in the event of an audit.

This is definitely not sufficient for a commercially run business. Such ‘shoebox businesses’ are almost always doomed to failure because there is no financial control. Finances should be a ‘matter for the boss’ in every company – even if an internal accountant or an external trustee is entrusted with them.

However, if you look up our legislation, Art. 957a para. 2 et seq. follows in second place, which clearly states that it is not enough to merely keep records of income and expenditure and of the assets and liabilities. Entrepreneurs must therefore have at least a basic knowledge of accounting and finance. Only then will they be able to explain the financial situation of their own business on the basis of the accounts, which is essential when taking out a bank loan, for example. Only those who keep their books properly will get through the audit.

For users of the accounting software ‘Banana’ (tried and tested in practice): Individual training CHF 135.00/hour plus VAT. You book, we prepare the annual financial statements and the tax return. Here is an overview of the specialised areas of accounting.