GoBD
GoBD refers to the German tax requirements for the proper processing, retention and auditability of digital accounting records and documents. They specify that postings and documents must be recorded completely, transparently and in a way that cannot be altered. For companies, GoBD therefore provides an important framework for organising digital processes in financial accounting in a manner that is ready for audit and for keeping tax-relevant information in an orderly form, so that recorded invoices, postings and related records can still be traced later without gaps and without manual rework during an audit.