|Net income method, Net income account||EinnahmenÃÂ¼berschussrechnung (EÃÂR)||
Registered companies are generally obliged to double commercial accounting. This obligation does not apply to self-employed persons and small businesses with an …
· annual turnover up to €600.00 AND
· annual profits up to €60,000 Euro.
The calculation of profits is then based on the net income method (EÜR = revenue minus expenses). Freelancers according to § 18 EStG may apply the EÜR even in case of higher sales and profits.