Among accountants in the retail sector, there are few topics that require as much attention as tax compliance. And this is exactly where modern cash register monitoring comes into play - a real game changer for companies in cash-intensive industries! In our article for NWB Verlag's BBK (Betriebs-Berater Kasse), we show how a Tax Compliance Management System (TCMS) can use clever control mechanisms to avoid conflicts with the tax authorities and unwanted additional assessments during tax audits.

Why cash register monitoring?

In short: without an effective system for cash register data, things quickly become complicated. With a clear focus on the completeness and integrity of the data, the reconciliation of Fiscal data and the involvement of all stakeholders, we rely on a multi-level control system. The aim? Transparency, efficiency and, of course, compliance with all legal requirements.

What we do to support you

With our approach, we ensure that your checkout processes not only meet the requirements of the Cash Register Security Ordinance (KassenSichV) but also optimize your internal processes. Structured cash register monitoring integrates seamlessly into your internal control system (ICS). This creates seamless documentation - worth its weight in gold when the auditor comes knocking!

Proactive measures that work

When it comes to tax audits, preparation is everything. With solid cash register monitoring, companies show that they take their tax obligations seriously. This not only sends a strong signal to the tax authorities, but also strengthens your position during tax audits.

Expert knowledge from the field

This specialist article was written in collaboration with Tobias Teutemacher, a graduate in finance (FH) and a real heavyweight in the field of tax cash management. With 28 years of experience, he knows exactly what is important. Together with Marc Schütteour project manager, we have developed practical solutions that support medium-sized companies.

Are you interested?

You can find out more in our Article in BBK No. 23 from 6.12.2024. If you would like to delve deeper into the topic, please feel free to contact us. We look forward to answering your questions and helping you get the most out of your cash register monitoring!

Stay compliant and do it well,
Your Consult-SK team