Double-entry ledger
German SKR03 and Swiss charts of accounts, with every trade posting its own entries.
Finance, treasury & tax
Accounting that is a by-product of trading
Each trade posts its own sale, purchase, stock and invoice entries to a full double-entry ledger on SKR03 and Swiss charts, so finance and the desk work from the same record.
- SKR03 and Swiss charts
- VAT gating on DDP and DAP
- Counterparty approval before any order
How it works
From a booked trade to closed books
Finance runs off the same record the desk trades on.
- 01
Post automatically
A booked trade generates its sale and purchase orders, invoices and stock moves on a double-entry ledger.
- 02
Gate the tax
A DDP or DAP deal cannot be confirmed without a valid VAT registration in the clearing country.
- 03
Manage cash and banking
Plan contracted and pipeline cash flow, and choose between a letter of credit and documents against payment.
- 04
Close and export
Feed the German UStVA, ZM and Bilanz, and export to DATEV, from the same entries.
Everything at a glance
What finance and treasury covers
The ledger, the bank decisions and the tax gates behind each trade.
AP register and reminders
Payables deduplicated, with reminders at five, two and one days before due.
AR ageing and credit
Receivables ageing that feeds the credit check on the counterparty before a new trade.
Cash flow and balance sheet
Contracted and simulated pipeline cash flow, with a continuous balance sheet (Fortlaufende Bilanz).
Banking: LC and DP
A letter-of-credit or documents-against-payment decision, with fee rules such as an LC opening fee of the greater of 0.7% or 500.
VAT and customs
Per-country VAT registrations with validity dates, intra-EU zero-rating and T1 transit, feeding UStVA, ZM and DATEV.
Counterparty and KYC
One verified counterparty record, with no purchase or sale order issued until it is approved for transaction.
DATEV export
The German ledger exports to DATEV, so the tax adviser works from the same numbers.
A look at finance
The ledger, the cash-flow view and the banking decision.
Frequently asked questions
Which charts of accounts are supported?
German SKR03 and Swiss charts. Each trade posts its own sale, purchase, stock and invoice entries to the ledger.
How does the VAT gate work?
A DDP or DAP deal cannot be confirmed without a valid VAT registration in the clearing country. Registration expiry is a hard stop, not a reminder.
Can the books be exported?
Yes. The German ledger feeds the UStVA, ZM and Bilanz and exports to DATEV, so the tax adviser works from the same entries.
When is a counterparty allowed to trade?
Only once its record is approved for transaction. Until then, Comet will not issue a purchase or sale order for it.
See Comet on your own trades
Book a walkthrough and we will run it against your deal flow, from the first inquiry to the accounting entry.