The profit loss statement (in german called Einnahme-berschuss-Rechnung, in short ER) is a summary of your annual income and expenses. In general, if your income is higher than your expenses the ER will show a profit and vice versa it will reveal a loss.
What does a profit and loss account tell you?
The profit and loss account forms part of a business financial statements and shows whether it has made or lost money. It summarises the trading results of a business over a period of time (typically one year) showing both the revenue and expenses.
What is the trading profit and loss account?
The trading account records the opening stock, purchases, and direct expenses on the debit side, while the sales and closing stock appear on the credit side. The profit and loss account lists indirect expenses such as salaries, rent, and interest on the debit side and non-operating income on the credit side.
What is the Ertragsvorschau profit and loss account?
The (expected) profit and loss statement (Ertragsvorschau) is required when you apply for the German freelance visa. This document shows your expected income and expenses.
What is the profit account and loss account?
What is a profit and loss account? A profit and loss account shows a companys revenue and expenses over a particular period of time, typically either one month or consolidated months over a year. These figures show whether your business has made a profit or a loss over that time period.
ertragsvorschau vorlage kostenlos
Ertragsvorschau redditErtragsvorschau freelance visaErtragsvorschau BerlinAll about Berlin guideHow to start a business in Germany as a foreign studentWhat is GewerbesteuerHow to register a business in BerlinGerman residence permit application form pdf
Profit Loss Account reflects the income and expenses of the business. It is a financial statement reflecting the outcome of business activities of an organisation during an accounting period.
This site uses cookies to enhance site navigation and personalize your experience.
By using this site you agree to our use of cookies as described in our Privacy Notice.
You can modify your selections by visiting our Cookie and Advertising Notice.... Read more...Read less
