Step by step guide - profit and loss statement in Germany

Many freelancers, Gewerbetreibende (tradespeople) and Kleinunternehmer (small business owners) can use the simple form of bookkeeping to determine their profits. In Germany it’s called the Einnahmenüberschussrechnung (EÜR), which stands for profit and loss statement.

Here we will explain how to prepare your Einnahmenüberschussrechnung with Accountable and send it directly to the Finanzamt!

If you want to know more about who can use the Einnahmenüberschussrechnung and what there is to consider, read on here.

Step by step guide: How to create the Einnahmenüberschussrechnung

The EÜR is basically your business income minus your expenses. So let's start with entering your income. In Accountable you can create or upload all your revenue in the green screen. If you sent invoices to your clients over the year, these make up your income. But it can also be other income such as cash revenue. Just save everything here.
Done

The next step is to enter your business expenses. In the pink screen, enter all the expenses you had for professional purchases to carry out your work. Make sure that an original document is attached to each expense, otherwise the expense cannot be taken into account for tax purposes.
Done

Now log in to the Web Version of your Accountable account. Navigate to the tax screen and click on the EÜR for the corresponding year in the list. Now that you have entered all your professional revenue and expenses, Accountable will automatically create the EÜR from this data. It's that easy. After a last validation of the data, the last thing to do is to enter how much VAT you have already paid or received as refund this year.
Done

Lastly, you only have to click on the button "Send to Finanzamt". The EÜR is checked and sent directly to the Finanzamt via our ELSTER interface.
Done

The first step is done, now you can also directly submit your other tax obligations, i.e. income tax return and annual VAT return with Accountable.
Done

Step by step guide – profit and loss statement in Germany

Step by step guide: How to create the Einnahmenüberschussrechnung

All your taxes. Done.

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Step by step guide – profit and loss statement in Germany

Step by step guide: How to create the Einnahmenüberschussrechnung

All your taxes. Done.

Did you find what you were looking for?

Happy to hear!

We’re sorry to hear that.

Thank you for your response. 💜

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