Why do you need a cash book – and what is it actually?

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restaurateur keeps her cash book
As a prospective restaurateur, you should be well informed about how to keep a cash book. After you have started your daily business, the tax office often checks honduras phone phone data unannounced whether all entries in the cash book match the current balance in the cash register. To avoid unpleasant surprises and to be on the safe side legally, we will explain to you how best to keep a cash book and which basic principles of bookkeeping you should not ignore.

Contents

Who has to keep a cash book?
What exceptions are there?
How do you keep a cash book correctly?
Which accounting principles apply?
What is a cash register inspection?
What are the consequences of ignoring the cash register obligation?

Why do you need a cash book – and what is it actually?
The cash book contains all of a company's income and expenses and is indispensable for most catering businesses, as it records your company's business transactions in a clear and comprehensible manner. Every cash movement must be recorded and documented precisely, without exception. There are strict rules that must be followed.



Who has to keep a cash book?
A cash book requirement in the catering industry does not automatically apply to every company . If you run a small business, you do not have to keep a cash book, but you do have to prepare an income surplus statement (EÜR). However, if you prepare a balance sheet voluntarily, you are again obliged to keep a cash book.

A cash book is mandatory for the following companies:

Companies that require commercial business operations
Companies with commercial register entry
Companies that are required to prepare financial statements and keep double-entry bookkeeping
You can of course keep a cash book in the restaurant business even if you are not required to do so. This can be helpful in keeping track of your income and expenses .

Companies that require commercial business operations are characterized by the following:

high number of employees
high sales volume
extensive range of goods
diverse business contacts