A financial accounting of an enterprise are helpful a divorce parent views for the successful running of a company. For internal operational purposes, financial accounting serves as the basis for calculation and data storage for cost and performance accounting, statistics and planning. External operational, it provides evidence and accountability to financial authorities, banks and creditors. The financial accounting of an enterprise is based on the following principles: clear and manageable organization of accounting orderly collection of business cases is verifiability of all business cases based on the evidence of correct retention of accounting records for all merchants registered in the commercial register according to law obligation to keep records. Tax all businesses with an annual turnover of more than EUR 500 000 or an annual profit of more than 50 000 euro to proper accounting are required. To book the business cases are used in financial accounting special books: the land and the General Ledger.

The land registry documents the entries in chronological order. The ledger captures the business cases factual right on g/l accounts. Also various Subledgers, primarily account book, stock index, wage and payroll, system file, change book serve the explanation of certain g/l accounts in the General Ledger in financial accounting. The focus of financial accounting is above all current accounting, which captures the business transactions with customers and suppliers. Also the context of the entire financial accounting and payroll should not be underestimated. Efficient financial accounting programs are nowadays in practice impossible to imagine.

A modern enterprise financial accounting deals with the enormous variety of daily transactions, so that is only a computerized accounting in able to handle all booking data, quickly and completely to evaluate and to save. In most small businesses, it has Lexware financial accounting program”established. Medium-sized enterprises access often to the financial accounting software of such providers such as AGENDA or Sage KHK for purposes of financial accounting. The SAP software in financial accounting is often used in large companies. Torsten Paul