Accounting is more than processing invoices and filing annual accounts. For entrepreneurs, Dutch BV structures, holdings and businesses with staff, the administration is the foundation for control, tax decisions and growth \u2014 but only when the figures are current, reliable and ready to steer on.<\/p>\n\n\n\n
Practical | Excellence in Finance approaches accounting differently from a traditional administration office. We are not a standalone bookkeeper, but the outsourced finance department that takes over your entire administration, integrated with payroll administration, tax advice and financial control. This gives you the capability of an in-house finance department without having to build one \u2014 and bilingual service in English and Dutch.<\/p>\n\n\n\n
On this page you will find answers to the most common questions about accounting and bookkeeping in the Netherlands: from taking over your administration and preparing annual accounts to real-time insight, tax alignment and accounting for Dutch BV and holding structures.<\/p>\n\n\n\n
Can’t find your question? Contact us for a no-obligation introductory meeting.<\/p>\n\n\n\n
Whether you are switching from a previous accountant or outsourcing your administration for the first time, the answers below explain which businesses Practical works for and how we take over your accounting.<\/p>\n\n\n\n
Practical is suitable for Dutch BV structures, holdings, companies with multiple entities, businesses with employees and internationally operating companies. Instead of standalone bookkeeping, Practical provides a complete outsourced finance department that handles accounting, payroll administration, tax and financial control in coherence.<\/p>\n\n\n\n
This gives you the capability of an in-house finance department, including controller and RB-registered tax expertise, without hiring one. That makes Practical especially suitable for entrepreneurs and international companies that want to outsource their financial function professionally to one reliable partner.<\/p>\n\n\n\n
Practical works with Yuki and Exact Online for accounting and Nmbrs for payroll administration. The software is the foundation, but it does not define the service: the real value lies in the setup, the controls, the interpretation of the figures and the advice.<\/p>\n\n\n\n
Practical takes over the entire financial function and uses the software to deliver real-time insight and tight processes. You work in the same online environment as your adviser and can see your figures at any moment.<\/p>\n\n\n\n
Yes. Practical takes over the full financial administration as your outsourced finance department: processing of invoices and documents, bank entries, VAT, periodic closes and reporting.<\/p>\n\n\n\n
With processing within 24 hours as a standard practice, you have up-to-date figures continuously, instead of an administration that is updated after the fact. You keep control and oversight, without having to staff or monitor the administration yourself.<\/p>\n\n\n\n
Yes. Practical takes over administrations from a previous accountant, cleans them up and restructures them. Whether an administration is behind, incomplete or disorganised, Practical brings order and clears the backlog.<\/p>\n\n\n\n
From that point, one dedicated team ensures tight, current figures, so a vulnerable or outdated administration becomes reliable and steerable again. This matters, because a backlogged administration leads to wrong decisions and tax risks.<\/p>\n\n\n\n
Annual accounts produced after the fact are too late to steer on. Practical delivers current figures throughout the year, so you can adjust in time.<\/p>\n\n\n\n
Yes. Practical provides monthly closes, interim figures and management reporting as part of the financial function it takes over.<\/p>\n\n\n\n
With processing within 24 hours as a standard practice, you receive real-time steering information that lets you decide faster and on facts. This gives you the monthly insight that would otherwise require an in-house controller.<\/p>\n\n\n\n
Yes. Practical prepares annual accounts for businesses, BVs and holdings, as the conclusion of a continuous process rather than a one-off year-end task.<\/p>\n\n\n\n
Because Practical manages the entire financial function year-round, the annual accounts are a logical outcome of current, controlled figures and align seamlessly with the tax returns.<\/p>\n\n\n\n
Would you like to know how Practical can improve your administration, payroll, tax position and international workforce structure? Contact us for a no-obligation introductory meeting.<\/strong><\/p>\n\n\n\n Accounting and tax belong together. Because Practical has RB-registered tax advisers in-house, your administration aligns with your tax position throughout the year.<\/p>\n\n\n\n Yes. Practical handles VAT returns, corporate income tax returns for BVs and holdings, and income tax returns for entrepreneurs.<\/p>\n\n\n\n With RB-registered tax advisers in-house \u2014 something few accounting firms have \u2014 Practical links the returns directly to the ongoing administration, so they are correct and tax risks are monitored throughout the year instead of only at filing.<\/p>\n\n\n\n Yes. Practical advises on and arranges the fiscal unity for both VAT and corporate income tax, including the consequences for the administration and the returns.<\/p>\n\n\n\n As an outsourced finance department with RB-registered tax advisers in-house, Practical assesses per situation whether a fiscal unity is beneficial in your case and processes it correctly within the structure.<\/p>\n\n\n\n With multiple BVs or a holding structure, coherence is everything. Practical maintains oversight across the whole group from one team.<\/p>\n\n\n\n Yes. Practical handles the administration for companies with multiple entities and prepares consolidations, with reporting per location, entity or business unit.<\/p>\n\n\n\n Because one team maintains the coherence between the entities, you gain oversight of the entire group without each entity needing its own financial organisation. For a director-major shareholder (DGA) with a holding structure, this means accounting, tax position and reporting all align.<\/p>\n\n\n\n A modern administration delivers more than a mandatory set of annual accounts. Practical makes your figures visible in real time and turns them into steering information.<\/p>\n\n\n\n Yes. Practical sets up automation, digital document delivery and integrations \u2014 with banks, point-of-sale systems and payment providers \u2014 as part of the financial function it takes over.<\/p>\n\n\n\n The automation is not a goal in itself, but ensures the team processes faster and has more time for analysis, advice and steering. You get tight processes and a team that steers on them.<\/p>\n\n\n\n Yes. Practical delivers cash flow insight, margin analysis and working capital reporting as a core part of the outsourced finance department.<\/p>\n\n\n\n Based on current data, Practical proactively flags where attention is needed, so you steer on facts instead of outdated figures. This gives you the financial control that would otherwise require an in-house controller.<\/p>\n\n\n\n Yes. Practical supports accounts receivable and payable management as part of the administration it takes over, including insight into outstanding items and payment terms.<\/p>\n\n\n\n Because this is linked to the real-time administration, you keep control of your working capital and payment position without having to track it yourself.<\/p>\n\n\n\n Yes. Practical handles project administration for companies that want to steer on costs, revenue and margins per project.<\/p>\n\n\n\n As an outsourced finance department, Practical sets up the administration so that project results are visible in real time, allowing you to adjust in good time.<\/p>\n\n\n\n At Practical, accounting never stands alone. As an outsourced finance department, we combine administration with payroll administration, tax advice and international services.<\/p>\n\n\n\n Yes. Practical delivers accounting, payroll administration and tax advice from one team and one point of contact. The wage costs from the payroll administration flow directly into the accounting, and the tax position is monitored throughout the year instead of only at filing.<\/p>\n\n\n\n As a result, your figures, your payroll and your tax position always align. That is the difference between separate providers and one outsourced finance department that oversees the whole.<\/p>\n\n\n\n Yes. For companies with international employees, Practical handles not only the accounting but also the payroll administration and the 30% ruling (the expat scheme) for expats.<\/p>\n\n\n\n Because everything sits with one team, the international payroll, the tax processing and your accounting all align. Detailed information about the conditions and application of the 30% ruling can be found on our dedicated 30% ruling page.<\/p>\n\n\n\n Would you like your accounting handled professionally by a partner that looks beyond the figures? Practical | Excellence in Finance takes over your administration entirely as your outsourced finance department \u2014 with real-time insight, a dedicated team and RB-registered tax expertise in-house.<\/p>\n\n\n\n Besides accounting, Practical supports you with payroll administration, proactive tax advice and specialist guidance on the 30% ruling for expats. From offices in Amsterdam, Rotterdam, Eindhoven and Utrecht, and digitally throughout the Netherlands, with bilingual service in English and Dutch.<\/p>\n\n\n\n Contact us for a no-obligation introductory meeting and discover how we help you gain control over your administration, payroll, taxes and financial decisions.<\/p>\n","protected":false},"excerpt":{"rendered":" Accounting is more than processing invoices and filing annual accounts. For entrepreneurs, Dutch BV structures, holdings and businesses with staff, the administration is the foundation for control, tax decisions and growth \u2014 but only when the figures are current, reliable and ready to steer on. Practical | Excellence in Finance approaches accounting differently from a […]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[91,57],"tags":[],"class_list":["post-17779","post","type-post","status-publish","format-standard","hentry","category-algemeen","category-geen-onderdeel-van-een-categorie"],"acf":[],"_links":{"self":[{"href":"https:\/\/practical.nl\/en\/wp-json\/wp\/v2\/posts\/17779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/practical.nl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/practical.nl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/practical.nl\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/practical.nl\/en\/wp-json\/wp\/v2\/comments?post=17779"}],"version-history":[{"count":1,"href":"https:\/\/practical.nl\/en\/wp-json\/wp\/v2\/posts\/17779\/revisions"}],"predecessor-version":[{"id":17780,"href":"https:\/\/practical.nl\/en\/wp-json\/wp\/v2\/posts\/17779\/revisions\/17780"}],"wp:attachment":[{"href":"https:\/\/practical.nl\/en\/wp-json\/wp\/v2\/media?parent=17779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/practical.nl\/en\/wp-json\/wp\/v2\/categories?post=17779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/practical.nl\/en\/wp-json\/wp\/v2\/tags?post=17779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Accounting and tax<\/h2>\n\n\n\n
Does Practical handle VAT, corporate income tax and income tax returns?<\/h3>\n\n\n\n
Can Practical arrange a fiscal unity for VAT or corporate income tax?<\/h3>\n\n\n\n
Accounting for BVs, holdings and multiple entities<\/h2>\n\n\n\n
Can Practical handle the administration of multiple entities and consolidation?<\/h3>\n\n\n\n
Digital administration and real-time insight<\/h2>\n\n\n\n
Does Practical automate financial processes and integrations?<\/h3>\n\n\n\n
Does Practical help gain control over cash flow, margin and working capital?<\/h3>\n\n\n\n
Does Practical handle accounts receivable and payable?<\/h3>\n\n\n\n
Can Practical handle project administration?<\/h3>\n\n\n\n
Accounting combined with payroll, tax advice and the 30% ruling<\/h2>\n\n\n\n
Does Practical combine accounting with payroll administration and tax advice?<\/h3>\n\n\n\n
Besides accounting, can Practical also handle the 30% ruling for our international employees?<\/h3>\n\n\n\n
Your accounting in the hands of a full-service finance partner<\/h2>\n\n\n\n