A deposit always increases the value, or balance, of an account. This is a short-term increase in the value of current assets that is reflected in a payment. Direct deposits can be made through transactions , cash inflow or internal postings.
The GoBD-compliant storage of cash books is not that easy. You can find out exactly how this works from us in the Billomat magazine.
Definition and benefits of direct deposit
Banks and companies understand deposits as a monetary value that goes into an account. This does not say whether the value remains internal or is posted to an external account. Deposits are usually made after a transaction by means of transfers, settlement of outstanding debts or depositing cash reserves into a bank account.
At least three partners are involved in deposits: sender, receiver and account operator. In the case of bank accounts, the bank is significantly involved in the booking, which takes place from one account to another. The value does not remain with the bank, but is only confirmed there. In the case of a cash deposit, the confirmation is confirmed by a signature of the sender.
What does a temporary gain mean?
Checking and business accounts are designed for constant cash flow . While a deposit into a savings account may add value over a longer period of time , the wealth in these floating accounts only increases for a short time . Transactions take place almost every day, especially on company accounts and business accounts. Open claims are settled, customers and partners pay in money for services and goods received.
Business assets are therefore only partially determined by sales . However, it provides information about how successful a company is, not only through deposits but also through vitality and latency of the actions. Few incoming and outgoing payments and bookings indicate that business is stagnating.
Deposits or income?
A deposit does not mean a profit or income . Deposits only settle a claim on the recipient. However, if a company were to sell an item worth EUR 5,000 for EUR 5,000, the income would only compensate for a deficit. Despite a successful deposit, the winnings would be zero.
Deposits therefore describe the process of the transaction itself much more than the actual increase in assets. The positive credit of the deposits is referred to as payment receipt.
International health insurance – insurance for young professionals
For your stay abroad, statutory health insurance only covers the costs of treatment in the event of illness if you are staying in an EU country. In addition, the scope extends to a limited number of countries with which the Federal Republic of Germany has signed corresponding social security agreements.
With international health insurance, however, you are not only entitled to basic care that is customary in the country in which the treatment is required. Because the services are not based on the standard of the country of residence, but on the German standard. The international health insurance also covers the costs incurred for transport back to Germany. Without international health insurance, you have to organize your return journey from an EU country yourself in the event of illness.