Finom Accounting is a smart, AI-powered tool designed to simplify your accounting. It automates key tasks like bookkeeping, expense categorisation, invoice and receipt processing, and tax planning—helping freelancers, small businesses, and SMEs across Europe save time and stay compliant with ease.
💡The first market where we offer Accounting is Germany. More markets will come in 2026.
Is Finom Accounting right for your business?
Below is a detailed overview of the legal forms and VAT situations we support, as well as important criteria for tax submission.
Legal forms fully supported by Finom Accounting
You can use Finom Accounting with full functionality if your business is registered as:
Einzelunternehmer (sole proprietor):
Freiberufler (freelancer) – Fully supported.
Gewerbetreibender (trader) – Fully supported, if your annual revenue does not exceed €800,000 or your profit stays below €80,000, and your business is not registered as an e.K. (eingetragener Kaufmann).
Partnerships
GbR (Gesellschaft bürgerlichen Rechts) – Will be fully supported soon. The required Gesonderte und einheitliche Feststellungserklärung is currently in development.
Legal forms partially supported by Finom Accounting
Finom Accounting supports these business forms partially. You can still manage your VAT reports (UStVA, UStE), but we do not currently support:
Double-entry accounting
Please note: Finom Accounting does not yet fully support this type of accounting. By proceeding with Finom Accounting for it, you acknowledge and accept any associated risks.
Balance sheet (Bilanz)
Profit & loss statement (GuV)
Corporate income tax (Körperschaftsteuererklärung)
Other corporate reporting obligations
Additionally, double-entry categorisation of income/expenses is not supported.
Partially supported legal forms:
Gewerbetreibender exceeding turnover limits (€800,000 revenue or €80,000 profit)
OHG (Offene Handelsgesellschaft)
KG (Kommanditgesellschaft)
Kapitalgesellschaften, including:
GmbH (Gesellschaft mit beschränkter Haftung)
UG (Unternehmergesellschaft)
AG (Aktiengesellschaft)
KGaA (Kommanditgesellschaft auf Aktien)
Other incorporated company forms
Legal forms not supported by Finom Accounting
We do not currently support accounting for businesses that fall under special tax or reporting rules, such as:
Agriculture, forestry, vineyards, or horticulture
Professions with flat-rate expense schemes (e.g. authors, journalists)
Activities requiring special debt interest calculations
Use of foreign VAT, One-Stop-Shop (OSS) or Import-OSS (IOSS) for EU/international sales
VAT types supported
Finom Accounting currently supports:
Standard VAT (19% / 7%)
Kleinunternehmerregelung (§19 UStG)
Tax report submission criteria
EÜR (income-surplus statement)
You CAN submit your EÜR with Finom if:
You need to file Anlage EÜR to report income and expenses.
You own depreciable fixed assets (requires Anlage AVEÜR).
You CANNOT submit your EÜR with Finom if:
You need Anlage SZ (e.g., for non-deductible debt interest).
You operate in agriculture/forestry (requires Anlage LuF).
You are in a partnership needing Anlage SE or AVSE.
You use flat-rate expense deductions (Betriebsausgabenpauschale).
You changed your VAT status during the year.
Gewerbesteuer (trade tax declaration)
You CAN submit trade tax with Finom if:
You’re a Gewerbetreibender.
Your business operated in one municipality all year.
You CANNOT submit if:
You have add-backs (Hinzurechnungen) or reductions (Kürzungen), such as:
Interest on loans, leasing, software licenses.
You changed business location during the year.
You apply trade loss carryforwards (Verlustvortrag).
You use double-entry accounting.
Your business made a trade loss (Gewerbeverlust).
You receive income via partnerships (GbR, OHG, KG) or incorporated forms (GmbH, UG, AG).
Umsatzsteuer (VAT declarations)
Preliminary VAT return (UStVA)
Supported in most standard cases.
Annual VAT return (UStE)
You CAN submit UStE with Finom if:
All the criteria above.
You haven’t changed your VAT status during the year.
You CANNOT submit UStE with Finom if:
You use double-entry accounting.
You sell across EU and exceed €10,000 (OSS/IOSS required).
You apply margin schemes (Differenzbesteuerung).
You use flat VAT rates for agriculture/forestry
You sell/install solar systems (0% VAT).
You have multiple self-employed activities (multiple tax IDs).