Accounting and Taxes
In turbulent everyday life, it is sometimes difficult to keep track of financial matters, especially when the object in question is thousands of miles away. Accounting 24/7 can take care of this unpleasant work for you! Thanks to our many years of professional experience in finance, accounting and tax consulting, your financial matters relating to your vacation home are in the very best hands with us.
When booking the accounting service module, we set up your own bank account through which all financial transactions relating to your property are processed. This enables us to retrieve the current account balance of your vacation home at any time. We take care of the entire payment process for your vacation villa. Whether the payment of invoices, the submission of rental checks or the establishment of automatic payments for regular recurring obligations such as water, electricity or TV/Internet, all payment flows are processed promptly and monitored by us.
Additionally, all financial transactions are entered in the QuickBooks accounting software. The accounting entry enables a multitude of evaluations such as income and expenditure overviews or an overview of all bank account transactions. We also provide you with a monthly overview of all income and expenses, so that you always have full control over your finances and are aware of the financial status of your property. By capturing all the financial aspects of your vacation home in QuickBooks, we provide valuable preliminary work for the tax advisor and the annual tax return, as you do not have to spend much time searching for all the receipts of the year. Regardless of whether you decide to have your tax return prepared by our company or by an external tax consultant, the QuickBooks software allows for convenient data export and provision.
The benefits of opting for the Accounting 24/7 accounting package:
Complete handling of payment transactions such as submitting rental checks, prompt payment of invoices, and setting up automatic payments for regularly recurring obligations
Own bank account, complete overview and transparency of all financial transactions at all times
Monitoring of all incoming and outgoing payments
Bookkeeping entry in QuickBooks, provision of monthly income and expenditure overviews as well as further evaluations if required
Tax advise and annual income tax return and/or valuable preparatory work when hiring an external tax consultant
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