GoBD-Compliant and Legally Secure
Everything you need to know about the Principles of proper bookkeeping and electronic document retention (GoBD)
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GoBD-compliant and audit-proof: Stay legally compliant and ready for tax audits anytime.
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Fully digital document management: Store, process, and access all your records securely online.
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Seamless integration with easybill: Create GoBD-compliant invoices and e-documents automatically.
GoBD definition
Definition and Overview
The GoBD are guidelines issued by the German Federal Ministry of Finance that govern digital bookkeeping and the storage of business records. Their purpose is to ensure the reliability and verifiability of accounting data.
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Retention: Documents must be stored in accordance with statutory retention periods.
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Documentation: All business transactions must be recorded completely and traceably.
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Data Access: Tax authorities must be able to access the data directly.
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Data Security: Ensure protection against loss and unauthorized access.
The Importance of GoBD for Businesses
For companies in Germany, compliance with the GoBD is legally mandatory and forms an essential part of corporate risk management. Failure to comply with these regulations can have serious consequences, including fines or even rejection of accounting records during tax audits.
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Legal compliance: Adhering to the GoBD helps protect against legal disputes with tax authorities.
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Tax audits: During an audit, GoBD-compliant records can be presented quickly and easily.
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Transparency: Clear documentation and proper record-keeping ensure transparency in business management.
What Does the Abbreviation “GoBD” Mean?
GoBD stands for the Principles for the Proper Management and Storage of Books, Records, and Documents in Electronic Form.
Learn how to ensure GoBD compliance in our guide to meeting the legal requirements for digital bookkeeping and data security in Germany.
