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Digital Invoicing and Financial Accounting for Businesses

Organize financial accounting efficiently. Make better use of numbers.

Modern financial accounting must function reliably, require as little manual effort as possible, and provide up-to-date information for management and the finance department.

The PKF Wulf Group can handle your financial accounting entirely or supplement your existing finance team. We combine specialized accounting teams with digital processes, our own DATEV and technology specialists, and the professional expertise of our tax advisors.

We work with DATEV and ADDISON or directly within your existing system environment, such as Microsoft Dynamics.

Contact Accounting Experts

Our Experts

Please contact us

[Translate to Englisch:]

Simon Schmid

Partner, Tax Consultant, Auditor

Balingen
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[Translate to Englisch:]

Benjamin Küstermann

Partner, Tax Consultant, Specialist Consultant for International Tax Law

Nagold
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DATEV Digital Law Firm

ADDISON OneClick Certified Partner

Personio Expert Partner

JUVE Top 3 Consulting Firms for Mid-Sized Companies

When We Can Help You

Outsource Financial Accounting or Lighten the Load on the Finance Team

Would you like to fully outsource your financial accounting or relieve your internal team of specific tasks?

Depending on your needs, we can handle the following, among other things:

  • day-to-day financial accounting
  • Accounts receivable and accounts payable
  • Asset accounting
  • Advance sales tax returns
  • Payment processing
  • Monthly and quarterly financial statements

Our collaboration can range from individual sub-processes to a complete full-service accounting solution .

We can also flexibly supplement existing teams in the event of growth, staffing shortages, or the addition of new companies.

Digital Accounting & Efficient Workflows

For us, digital accounting means more than just storing documents electronically.

We take a holistic view of the entire process—from invoice receipt through review and approval to payment and posting.

For example, we provide support for:

  • E-invoicing, XRechnung, and ZUGFeRD
  • digital document processing
  • Digital invoice and workflow approval
  • Payment transactions and bank connections
  • EBICS interfaces
  • Process documentation
  • Interfaces to ERP and upstream systems
Working with any system

Hiring a new tax advisor shouldn't automatically mean switching systems.

We work with DATEV and ADDISON, but we can also provide our services directly within our clients’ existing financial and ERP systems—such as Microsoft Dynamics.

Our in-house DATEV team supports clients with the technical setup and implementation of digital accounting processes and also provides ongoing support during day-to-day operations.

 

Your systems. Your processes. Our expertise.

Our certifications as a DATEV Digital Law Firm and an ADDISON OneClick Certified Partner demonstrate our expertise in the use of digital solutions and the continuous improvement of our firm’s processes. This underscores our commitment to combining modern technologies with professional expertise and personalized advice.

Reporting, Business Analysis, and Cost Centers

Numbers You Can Use to Manage Your Business

Up-to-date financial accounting is the foundation. For CFOs and senior management, however, what matters most is the information that emerges from it.

We work with you to develop the reports you need for your corporate management.

These may include, for example:

  • Business Analysis and Management Reporting
  • Cost center and cost object accounting
  • Reports by company, location, or business unit
  • Plan-vs.-Actual Comparisons
  • Liquidity trends
  • Open Items and Accounts Receivable Trends
  • Bank reporting

 

This turns financial accounting into a reliable basis for decision-making.

Digital Innovation for Efficient Processes

Automation & AI in Accounting

Automation and artificial intelligence are already being used to support recurring processes—such as document recognition, journal entry suggestions, and the processing of bank transactions.

The PKF Wulf Group has its own AI team that continuously evaluates where new technologies can be effectively applied in accounting.

Our approach is pragmatic:

Automate what can be efficiently automated. Use professional judgment for tasks that require expertise.

Financial Statements & Reporting

From Financial Accounting to the Annual Financial Statements

Good financial accounting pays off, if not sooner, then by the time the annual financial statements are prepared.

If we’re already familiar with your day-to-day business transactions, systems, and processes, we can use that information to prepare structured monthly, quarterly, and annual financial statements .

Our experts provide support in areas such as:

  • Annual financial statements in accordance with HGB and IFRS
  • Quarterly and interim financial statements
  • Group reporting and consolidation
  • Tax returns
  • Accounting and valuation issues

If necessary, we bring in additional specialists from the PKF Wulf Group—for example, for business valuations, restructurings, transactions, or complex accounting issues.

From day-to-day bookkeeping to complex specialized topics, all knowledge about your company remains with a single partner.

Accurately mapping international and complex business transactions

A modern accounting system must function even when circumstances no longer conform to the standard.

Foreign suppliers and customers, reverse charge, international services, new companies, or more complex ownership structures must be accurately reflected in the accounting system.

Here, you benefit from the PKF Wulf Group’s broad range of expertise.

If needed, our accounting teams can directly involve specialists in sales tax, international tax law, financial reporting, or other areas of expertise.

For cross-border issues, the international PKF Global Network is also available.

Financial Accounting & Payroll—All Under One Roof

Payroll and accounting are also closely intertwined on a daily basis.

At the PKF Wulf Group, you can therefore combine both areas. Upon request, our specialized Payroll Business Line will handle your payroll processing and coordinate relevant matters directly with the accounting team.

This allows, for example, personnel costs, cost centers, provisions, and monthly financial statements to be efficiently integrated.

More About Payroll

Are you looking to revamp your accounting system?

Whether it’s a complete outsourcing of your finance functions, support for your existing finance team, or the digitization of your accounting processes:

Together, we’ll take a look at how your accounting is organized today and determine which solution is right for your business.

Our teams will then support you not only with day-to-day financial accounting but also with setting up, implementing, and further developing your processes.

Discuss Accounting with Us

Frequently Asked Questions About Financial Accounting and Bookkeeping

How much work is involved in switching tax advisors for financial accounting?

The transition is usually straightforward. Our experts regularly handle data transfers from previous tax advisors and coordinate the technical and organizational handover.

Existing DATEV or ADDISON data can be transferred. Together, we’ll coordinate the handover date, responsibilities, and future processes to ensure that your financial accounting continues as seamlessly as possible.

Can AI already be used effectively in financial accounting?

Yes. Artificial intelligence can already support specific routine tasks in accounting today.

One example is the DATEV Bank Automation Service: The AI analyzes electronic bank account transactions and uses them to generate posting suggestions. The system learns from past posting behavior and can increasingly process recurring business transactions automatically.

AI and automation can also assist with the processing of digital invoices.

The PKF Wulf Group combines such technologies with professional oversight by our accounting teams. In addition, our in-house AI specialists are exploring new applications for AI in accounting.

What are the hallmarks of modern and efficient financial accounting?

Modern financial accounting reduces manual work and integrates the relevant processes digitally as much as possible: from invoice receipt through verification and approval to payment processing, posting, and reporting.

Automation, interfaces, and up-to-date financial data ensure that the finance team can focus more on monitoring, analysis, and management.

Does a company have to use DATEV for modern financial accounting?

No. The PKF Wulf Group works with DATEV and ADDISON, but can also provide financial accounting services directly within existing ERP and financial systems—such as Microsoft Dynamics.

The key factor is which system and process landscape makes the most sense for your company.

Does the PKF Wulf Group also provide support for the technical setup of DATEV?

Yes. We have our own DATEV specialists who assist clients in setting up and further developing their digital accounting processes and provide ongoing support.

This can include, for example, digital document workflows, invoice approvals, e-invoices, payment processing, and data interfaces.

How can the invoice approval process be digitized?

Incoming invoices can be verified digitally and approved via defined workflows. Depending on the organization, factors such as cost centers, responsibilities, spending limits, or multi-level approvals can be taken into account.

This creates a tighter integration between invoice receipt, approval, payment, and financial accounting.

What types of analyses can modern financial accounting provide?

In addition to a traditional business analysis report (BWA), you can also create cost center and division analyses, plan-vs.-actual comparisons, liquidity information, and management and bank reports, among other things.

Which reports are useful depends on what information management and finance need for corporate management.

Can international business transactions also be accurately reflected in financial accounting?

Yes. Cross-border services, foreign customers and suppliers, and international corporate structures in particular often give rise to additional sales tax and accounting requirements.

The PKF Wulf Group’s accounting teams can directly involve our specialists in sales tax, international tax law, and accounting to address these issues.