Why you need to have a cash book

Written by David K.

Last published at: February 16th, 2024

Table of Contents

Please be sure to take note of the following information!
 orderbird does not offer legal or tax advice. All information with legal or tax aspects is in no way to be viewed as legal or tax advice.

In order to provide you with the most reliable instructions possible, our cooperation partner, the tax law firm Buder (https://steuerbuder.de) from Berlin, has examined the procedure described below for dealing with the orderbird cash book and found it to be correct with regard to aspects relevant to tax law . However, it may be that this approach is not suitable for you and your business in particular.

Therefore, be sure to contact your tax advisor for a binding statement on how to use the orderbird cash book correctly for yourself. Both orderbird and the Buder tax law firm exclude liability for the timeliness, correctness and completeness of the information that orderbird provides here with regard to tax procedures.

 

The law requires that your cash register can be checked at any time. Keeping a cash book in a timely (daily!), regular and orderly manner is therefore mandatory because it helps the auditors to understand how your cash income and expenses are made and what exactly the cash movements in your cash register look like. It is therefore a necessary component in order to minimize the risk of additional estimates during a tax audit as much as possible.