What is a client?

In accounting, the term ‘client’ refers to an independent legal or organisational unit for which financial accounting data is maintained. A client can be, for example, a company, an organisation or an individual. Each of these units has its own accounts, balance sheets and business evaluations and framework conditions.

If an accounting system is multi-client capable, this means that several clients (i.e. several legally separate companies) can be managed within one system, with their data being managed and processed independently of each other. This applies to service providers who usually look after not just one client but a large number of clients.

In practice, a tax consultant can, for example, take over the bookkeeping for various clients (different companies). The so-called ‘posting of current business transactions in financial accounting in accordance with § 6 no. 3 and § 6 no. 4 StBerG’, on the other hand, can also be done by accountants for their clients.