Treatment in Accounting | Treatment in EÜR
Example 1 (Liability) | Profit impact with entitlement arising in 2023; no impact on outflow in 2024 | profit impact in 2024 with outflow of EUR 5,000; No impact in 2023
Example 2 (claim) | Profit impact with entitlement arising in 2023; No impact on inflows in 2024 | Profit impact on inflows in 2024; No impact in 2023
Certain taxpayers who earn income from business or self-employment can determine their profit by the so-called surplus income invoice (EÜR). Revenue and expenditure are recorded using a simplified method. We present the main basic features of the EÜR as well as their main differences with the business asset comparison, accounting.
Certain professionals and freelancers have the opportunity to choose their profit method freely. So you can decide whether you want to use the profit to be recognised.
This article does not replace tax or legal advice in an individual case. Facts, current law, jurisdiction, documentation and implementation remain decisive.