Personal Finance Software

Composition of long-term assets in fixed grid show

As part of the annual accounts - even on a voluntary basis - usually an investment levels created.

The items of fixed assets and capitalized expenses for the launch and expansion of business operations are in the framework of the annual accounts in their development. This may be in the balance sheet in the appendix or in a facility within the annual accounts.

No obligation to establish a facility level
Such a report, for which, in practice, the terms “fixed grid” and “assets” that have for some companies (for example, the consolidated financial statements, Section 298 para 1 HGB) to create mandatory. Sole proprietors and partnerships who are not subject to disclosure laws, create an investment levels are usually on a voluntary basis.

There is an Excel file with a fixed assets schedule.

Construction of fixed mirror
The vertical structure of the fixed mirror sees the separate identity of the capitalized expenses for the launch and expansion of the business and the individual items of fixed assets in accordance with the outline scheme under § 266 A. I, II to III HGB before.

The horizontal layout of the fixed mirror, it is clear from § 268 para 2 sentence 2 HGB. Next § 268 requires para 2 HGB include the depreciation of the financial year to every item of the vertical structure of the fixed mirror is shown separately.

The trade law requires the order of columns in current assets not specifically before. The minimum legal structure is in operational practice, but often to illustrate the development of the entire cost and accumulated depreciation at the state from the beginning and the end of the year expanded.

The columns of the fixed mirror
In the first column of the facility will mirror the cost of all previous years purchased or manufactured, and at the beginning of the year capitalized items of fixed assets shown. Thus this column also contains all of the activations in previous years and in the changes of previous years contained cost.
Additions - understood as a quantitative extension - in the next column of the fixed mirror with the cost in the fiscal year, indicating in the assets actually widened. This is the date on which the economic power and economic ownership is transferred.
The next column of the fixed mirror contained Disposals relate to the elimination of quantitative restrictions on property, for example by sale, exchange, demolition or removal. Since the development of gross fixed assets to be made, are leaving the full amount - that is, in the amount of the retired asset total capitalized cost - the accounts. Therefore, while leaving the entire cost and accumulated depreciation from the corresponding columns of the fixed mirror to eliminate.
The transfer of the fixed-column mirror has no material, but only a formal meaning, since it is only to pass the amendments concerned. They come especially for plants under construction and payments on investments in question. In these cases, only the date of the prior year amounts to be transferred. It is therefore not allowed during all of fiscal capitalizable amounts initially as additions under construction or down payments to cover them and, after completion in the current fiscal year to the corresponding items total transferred free budget worksheets.
The next column of the fixed mirror above attributions are value-corrections of previously capitalized fixed assets. These include in particular reversals, because the reasons for non-scheduled depreciation of earlier years are removed. Where only the specific identity of the annual write-up. In subsequent years the amount of the write-up in the column cost or depreciation incorporated.
The next column of the fixed mirror listed accumulated depreciation include the depreciation of previous years and the depreciation of the current fiscal year on assets at the end of the year to fixed assets personal finance budgeting.
The depreciation of the current fiscal year, which in the next column of the investment levels are indicated, correspond to the depreciation, the profit and loss account of the final year’s accounts.

With the credit on the safe side

Annually advised companies in difficulty, because no large or too much late in paying. With a credit insurance to protect yourself against bad debts.

Anyone goods or services to its clients, in the familiar rule that his bills are paid on time. However, this is unfortunately not always the case.

Protection against bad debts
With a default insurance (credit insurance) can become manageable costs to the high risk of bad debt protection. However, the risk protection against bad debts is a market for specialists. Only a few companies provide any insurance claim in the German market:

Euler & Hermes
Atradius
Coface Germany
Zurich Financial Services
R + V Versicherung
What does a debt default insurance?
An insurance claim is made up of several modules that each policyholder as required can provide. So we decided as a customer, for example, whether you only domestic assets, foreign assets, or both wants to insure personal finance software. Depending on the provider can claim losses due to political risks and natural disaster coverage.

With the credit agency shall consider the creditworthiness of the insurer to insured customers and monitored the calls in advance. In arrears he handles the collection and payment order from.

If a claim is finally fails, the credit replaces the insurer thereby damage.

How high is the insurance?
The insurance company does when a customer finally can not pay. Depending on the specific arrangement is compensation for up to 100% of the claim amount monthly budget planner. However, the insurer requires that all facilities previously used to collect the claim. Only after an unsuccessful collection, there is money. Therefore, the insurance company has its own interest in the collection of outstanding receivables.

The insurer will normally

after an unsuccessful foreclosure against the defaulting customers,
if enforcement is demonstrably hopeless,
if the customer an insolvency or lack of mass is rejected,
if a court settlement proceedings against the customer will be opened or
if an out-rate compared with all creditors is reached.
What is the cost of a debt default insurance?
The premium for an insurance claim is based on the annual turnover and / or the receivables portfolio, the insurance should be monthly budget calculator. The insurer multiplying the basic premium with a loss factor for the individual risk. With a high deductible in the event of a loss can reduce the contribution.

For calculation of the premium the insurance company
the number and creditworthiness of customers
the agreed payment terms,
the countries where the customers are located,
the amount of bad debts in the past years and
the scope of the agreed insurance benefits.
Hermes guarantees
If you go to foreign supplies, we are often at a difficult economic and political environment. In many cases, but the federal export credit guarantees, the so-called “Hermes Guarantee.” Should the foreign customer does not bounce the German state.

The state loan guarantee to get but only if the risk is acceptable. It also has to be an “eligible business” act. Whether this is so, will the guarantee commitment examined. Unlike insurance claim can therefore only individual transactions.

The main advantage of a government loan guarantee is to see that even deliveries in insured states in which private insurers because of high credit risks aside.

Cost of a Hermes guarantee
As with private insurance claim, you pay for a Hermes guarantee, an insurance premium, registration and copy fees.

The exact costs depend on the risk of the importing country, the maturity and the creditworthiness of the debtor. If the damage to the policyholder accepts as an exporter, an excess 5-15%.