quitt Business simplifies financial accounting

In Switzerland, corporations (AG), limited liability companies (GmbH) and associations are required to keep accounts in accordance with the Swiss Code of Obligations (Art. 957 ff.). This includes an inventory, a complete balance sheet and an income statement with all supporting documents.

Payroll accounting

Payroll accounting is part of general accounting. It covers the recording, calculation and posting of salaries. These flow into the income statement and affect the company’s balance sheet.

In-house or accounting firms

Accounting can be managed internally by an employee or outsourced to an accounting firm. Since it requires expertise and is time-consuming, many SMEs choose to outsource all or part of their accounting. In practice, accounting software is always used (e.g. Bexio, Run my Accounts, Banana, CashCtrl).

Simplification with quitt Business

In payroll management, quitt Business handles all entries, correspondence with authorities and insurers, salary calculations, payments, and the provision of all salary documents. You simply pre-fund your client account, and we take care of the payments.

Integration into financial accounting

The salaries and charges processed through quitt Business must be reflected in financial accounting. Typically, the following personnel expense accounts are used:

• Salary expenses
• Bonuses
• 13th month salary
• Expenses for AHV, ALV, IV, EO
• Family allowance expenses
• Pension fund (BVG) expenses
• Accident insurance (UVG) expenses
• Daily sickness allowance insurance expenses
• Supplemental accident insurance expenses

With quitt Business, a single entry is sufficient, for example:

Personnel expenses / Bank

Easier audits

In case of an audit, the payroll journal can be downloaded from quitt Business at any time. This ensures that salary settlements with the compensation office and pension fund can be fully traced. If you prefer to reproduce all accounts in detail, you can export the payroll journal in Excel and transfer the values manually.