Accounting

Accurate accounting is the foundation of your success

The accounting department of a company models not only the past, but is also the basis for business decisions in the future. Therefore, it must be accurate, timely, and meaningful. In addition to the internal accounting management system, it is also the basis of the external financial reporting system.

How you benefit

Reliable accounting is a basic requirement for a successful business. It protects the company against financial losses and helps mitigate risks relating to transaction and income taxes.

Our services in this area incorporate company, law, and industry-specific features. We work with individualized assessments tailored to the needs of our clients’ businesses. Our clients always have an overview of their economic situation, and upon request we offer related services including payments and billing.

For many companies it is not profitable to set up an entire finance department and employ the required expertise to keep it running. That is where LM can step in to help.

Why LM?

Our accounting employees have broad, cross-sector, and up-to-date knowledge. We can model your business in a timely manner and generate reports for internal purposes as well as for taxation. We also have back-up solutions for vacation and sick leave coverage.

Depending on the organization of the customer, we offer different accounting solutions based on division of labour. We use advanced computer systems and programs to process the orders of our clients efficiently. We also use the electronic interfaces for banks, wages, payroll, travel expense accounting, and all other subsidiary ledgers.

Efficient accounting reduces the effort required for preparing financial statements, consolidation information, and tax returns. For our foreign clients, we can provide financial accounting and reporting in English.

We are also happy to offer work-sharing web-based solutions with our DATEV software (with local support, where appropriate). Upon request, we can even provide accounting assistance for your own EDP-system.

Clients

Our accounting services assist self-employed people, sole proprietors, partnerships, and corporations – a number of whom have international backgrounds. Many of our clients are manufacturing, retail, and software companies. We also have experience in private equity/venture capital, real estate, and film and media.

Services

  • Ongoing financial accounting – upon request with digitization and archiving of accounting documents
  • All tax returns (sales tax returns, recapitulative statements, capital gains tax declarations, tax deductions, etc.)
  • Assistance with payments
  • Cash management
  • Open items lists and, if necessary, takeover of billing processes
  • Individualized management analysis (reporting, management, liquidity forecast, industry comparison, rating criteria, etc.)
  • Cost and performance accounting
  • Integrated business planning
  • Online document management

Web-based document management

We offer our clients a timely and secure accounting service. Our web-based solution allows you to work directly and flexibly with us. We use a high-security network, DATEV, which has specialized in electronic services and finance applications for decades. They have the necessary know-how when it comes to data security.

The graphical interface is very simple: you scan your accounts and put them in a protected online area. With the help of an accessible user interface, you can also park payroll statements and receipts. We use this data and documentation to create your financial accounts electronically. Your account transactions can be electronically retrieved and transferred directly into our accounting software, and we make the analyses of financial accounting, open items, cost accounting, and payroll available to you online. This means you always have the latest results for the management of your company.

Contacts

Bernd Freutel | to profile | direct contact