At the accounting firm TaxWise, we greatly value our clients’ finances as well as our experts’ time. That is why we offer various discounts to clients who help us save time. The most common discounts we offer include:

Discount for Importing a Bank Statement

If a client provides us with a bank import in XML format, they will automatically receive a discount of at least 30% on accounting entries posted in the Bank module. The final discount amount depends on the percentage of accounting entries that are matched with posted documents without manual searching—the more, the better. If you pay issued invoices with the correct variable symbols and most of your bank transactions are for invoice payments, the discount will definitely be higher.

Discount for Importing Issued Invoices

If you use an external invoicing application or have an e-shop from which you can export issued invoices in .xml format, we offer you attractive discounts in exchange for the time saved—time we would otherwise spend manually entering invoices. We’ll check whether the imported documents meet all requirements and are issued correctly (we perform several types of automatic and manual checks). The discount typically ranges from 30% to 70%.

Discount for Early Document Delivery

The workload for accounting tasks—especially for clients who are VAT payers—is not evenly distributed throughout the month. Accountants are generally busiest during the two weeks leading up to the deadline for filing VAT returns. Outside of this period, we mainly handle accounts for non-VAT payers, or accountants focus on other tasks that do not have monthly deadlines.

To spread the workload on our accountants over a longer period of time, we have decided to reward clients who submit their documents to us by the 7th of the month. In return, we offer them a 10% discount on all accounting services for that month. To qualify for the discount, the majority of the documents to be posted must be submitted by the 7th of the month, and any additional documents must be submitted no later than the 13th of the month. Another condition is that the client must not have any overdue, unpaid invoices.

In business, I always strive to treat customers fairly. At TaxWise, our concept of a fair approach to customers also includes offering a discount on our accounting services in exchange for the time saved—time that we would otherwise have spent manually transcribing invoices and bank statements.

Example

XYZ s.r.o., a VAT-registered business, recorded 155 accounting entries in January 2021, including 45 bank transactions, and submitted an import of bank account statements in .xml format electronically. It also issued 25 invoices, all with VAT, in an external invoicing application, from which it also submitted an .xml export to TaxWise after the end of January. All documents, including the bank statements, were submitted for processing on February 5, 2021.

The price calculation is as follows:

• €95 – package of 100 accounting entries
• 44€ – 55 items over the 100-item limit (55 items × 0.8€)
• €139 – price for bookkeeping services before discounts are applied
• -18€ – 50% discount for importing bank transactions (45 items x 0.8€ * 50%)
• -20€ – 50% discount on the import of issued invoices (25 invoices × 2 items per invoice × 0.8€ × 50%)
• €101 – price for accounting services
• -10.1€ – discount for document delivery by the 7th day of the following month
• €90.9 – final price for bookkeeping services

 

The final price for bookkeeping services is thus up to 35% lower than it would be according to our price list. Everything is transparent and can be planned in advance.

Free Invoicing Tool

TaxWise customers can use the Accai invoicing tool for free. This will save you an additional €5–€15 per month, depending on your plan. Plus, you no longer need to send us your invoices and bank statements—we’ll download them ourselves through Accai’s open banking integration.

In addition to our team’s high level of expertise and professional services, we also offer our clients the opportunity to save money. We pass on to our clients the savings we realize by eliminating the unproductive time our accountants would otherwise spend entering data that already exists in electronic form.

If you are currently looking for an external accountant, please don’t hesitate to contact us. You’ll join the ranks of 700 satisfied clients who regularly use our services and who make important decisions every day based on the comprehensive information we provide, which is always available online.