EMZETT.One year of bookkeeping as an example (EÜR)
In short: An invented example shows what a cash-basis profit statement (EÜR) for a small trade looks like: collect income, collect expenses, work out profit.
The example (invented)
Mia sells self-built websites and used electronics on the side. She is a small business owner without VAT (see Small business: limits and switching).
Income (received in the year):
| Item | Amount |
|---|---|
| 6 websites, €300 each | €1,800 |
| Sale of used devices | €640 |
| Maintenance contract (12 × €20) | €240 |
| Total | €2,680 |
Expenses (paid in the year):
| Item | Amount |
|---|---|
| Domain and hosting | €96 |
| Software subscriptions | €144 |
| Purchase of devices for resale | €380 |
| Travel to client (car, €0.30 × 120 km) | €36 |
| Laptop (written off after a 1-year useful life, see [[abschreibung-gwg-und-anschaffungen | Depreciation, low-value assets and purchases]]) |
| Business account fees | €60 |
| Total | €1,306 |
Profit = €2,680 − €1,306 = €1,374.
What follows
- The profit counts for income tax, not the turnover. With these numbers Mia stays below the basic allowance if she had no other income (the value is in Taxes for pupils and apprentices with side income).
- Possibly a trade tax allowance of €24,500 (sole proprietorship) applies; below it no trade tax is due.
- Keep a receipt for every item; always record amount, date, purpose.
How to keep it
A spreadsheet or the bookkeeping tool on this website (cash-basis profit statement). For deadlines and filing through ELSTER see Taxes for pupils and apprentices with side income. Not tax advice.