What types of accounting are there?
It results from the commercial law 238 ff. HGB and the tax law 140 ff. Of the tax code (AO). However, a distinction is made between two types of bookkeeping: simple and double-entry bookkeeping.
What is a reverse booking?
If you take something from one account (that is the booking) you have to “transfer” it somewhere to another account (reason for the issue). This account is the offsetting entry.
What is an account sheet?
9.4 What are account sheets and how do I read them? Account sheets are chronologically ordered lists of all account movements in a specific booking account in the selected period. In the case of the financial accounts, the opening balance and the respective balance after posting are also displayed.
What are subsidiary ledgers in bookkeeping?
Auxiliary books for commercial bookkeeping, which have the task of supplementing and explaining the general ledger, e.g. commodity books, exchange books, acceptance books, securities books, the current account book with individual accounts for customers buying on credit or suppliers delivering on target.
What is a general ledger in accounting?
The general ledger draws a balance sheet At the end of a business period, usually once a year, companies close all accounts. The accounting department creates the balance sheet and the profit and loss account.
What is the difference between the land register and the general ledger?
The general ledger contains all general ledger accounts and its closing results in the balance sheet and the profit and loss account. In the general ledger, all G / L accounts are transferred from the postings addressed in the land register. This is why the land registers are the template for postings in the general ledger.
What is a land register in accounting?
In addition to the general ledger, the land register is the second book in a company’s general ledger. All business transactions are recorded in chronological order in the land register and then transferred to the general ledger. Other names for the land register are journal or diary.
What is the difference between a chart of accounts and a chart of accounts?
The chart of accounts records all accounting-relevant accounts of the company, traders and freelancers in the chart of accounts. The chart of accounts is structured according to the individual needs of the booking party.
Where is the land register located?
It is a public register in which the legal and ownership relationships of real estate and land are recorded. In Germany there is not just one land register, but many. These are usually held by the land registry of the district court in the respective district.
Where can I find the entry in the land register?
Access to the land register is obtained with a “legitimate interest”, for example as the owner of the property, heir or notary. While notaries and authorities have access to the electronic land register, the land register can only be viewed by others by requesting an extract from the land registry.
What does the land register look like?
What does an entry in the land register look like? In the land register there is a separate sheet for each property, depending on the location on the parish of the municipality or city, this has a number. The entry in the land register contains rights listed in sections I – III. Department I names the owner.
Can the land register be viewed online?
The land register can also be viewed online Since all land registers are digitized, the land register can also be viewed online. Certain professional groups, for which a legitimate interest can generally be assumed, have access to it. These include notaries or surveyors.
Can I see the land register?
In Germany there is a land register regulation (GBO). According to Section 12 of the GBO, inspection of the land register is reserved for those who can prove a legitimate interest in inspection. But tenants can also successfully request access to the land register.
Is the land register public?
The land register is a public register in which the land, land rights, the ownership structure and the associated burdens are recorded.
How much does an extract from the land register cost?
The costs differ depending on where you submitted the application. a) Costs at the land registry: printout or unauthorized copy (copy) from the land registry: EUR 10.00. Official printout or certified copy (copy) from the land register: EUR 20.00.
What do I need to get an extract from the land register?
Question 3: How can I apply for an extract from the land register? Data on the applicant (name, address, telephone) Data on the property (address, land register number, number of the parcel and the parcel). Indication of whether a certified or uncertified copy is required.
What do you need to get an extract from the land register?
You as the owner will need an extract from the land register, especially when selling a property. With the copy from the land register you can prove that you are the legal owner of a piece of land or real estate.
How long does it take to get an extract from the land register?
It can take a few weeks to several months for the land registry to process the entry in the land register. Usually a notary carries out the entry in the land register. However, this first requires all the necessary certified documents and must check the authenticity of the signatures.
How long does it take to get a notary appointment?
The notarization of the purchase contract takes about 1 hour, the land charge (financing) then takes about 1/2 hour.
When do I get the excerpt from the land register after purchase?
Depending on the workload of the land registry, processing then takes a few weeks to a few months. You will receive a registration message, including an invoice, of course. After entry in the land register, you will receive a current extract from the land register (as proof of ownership) from the land registry (district court).
Visit the rest of the site for more useful and informative articles!