Income‑Expense Accounting
Income‑
Expense
Accounting
Simple, clear, legally compliant
Your income‑expense accounting done right
Not every business needs to prepare full balance-sheet accounts. For many sole proprietors, partnerships, freelancers, and internationally active self-employed individuals, the income‑expense method (Einnahmen-Ausgaben-Rechnung, E/A) is the appropriate way of calculating profits. At FAS Network, we prepare your E/A in a structured, transparent and timely manner, so you stay on top of your numbers and can concentrate on your business.
Who is E/A suitable for?
Sole proprietors and partnerships are exempt from the obligation to keep double-entry accounts as long as their revenue stays below certain thresholds: €700,000 in two consecutive years or €1,000,000 in a single year.
We assess together with you whether E/A is currently the right method for your business — and ensure your records remain audit-proof at all times.
Our multilingual experts explain everything you need to know and provide a clear framework to efficiently prepare your annual documentation and make sound business decisions.
Your numbers – structured and tax-efficient
We explain the key differences between E/A and double-entry bookkeeping clearly, help you manage record‑keeping, asset lists and correctly allocate expenses — without confusing jargon. At the same time, we keep an eye on important interfaces to income tax, VAT and social security obligations.
Our services for income‑expense accounting include:
Preparation of your income‑expense accounting
Accurate, transparent and in compliance with current legal requirements
Tax evaluation & optimization opportunities
Clear advice on which expenses are deductible
Multilingual support
Especially valuable for international self-employed clients
Personal guidance from our team in Korneuburg or online
Structured, transparent, reliable
Income‑expense accounting that informs
Have your income‑expense accounting done professionally – we are happy to advise you personally.