With Opti.Tax Rating, the annual financial statements are submitted to Creditreform on a taxonomy-based basis. Shortly afterwards, you can access a creditworthiness check or a balance sheet rating.

Watch the video to see how the year-end balances are retrieved via the DATEVconnect interface and then transmitted to Creditreform.

Balance sheet analysis is a method of assessing a company’s financial health. It uses data from the balance sheet – a key financial statement that sets out a company’s assets, liabilities and equity as at a specific date – to gain a comprehensive understanding of the company’s financial position.

Balance sheet analysis usually involves a thorough examination of a company’s assets, liabilities and equity. By analysing these three areas, a company can identify its strengths and weaknesses, as well as areas where there is scope for improvement.

An analysis of assets provides insight into how the company utilises its assets and how liquid (i.e. how easily realisable) they are. It also shows how well the company is able to settle its short-term liabilities.

An analysis of liabilities provides insight into how the company finances its debts and how stable its financing is. It also helps to determine whether or not the company is over-indebted.

An analysis of equity provides insight into how much capital the company holds from its owners and how well it is protected against external creditors. It also helps to determine whether the company is able to generate profits and pass these on to its owners.

A thorough balance sheet analysis can help companies understand and improve their financial position. It can also help investors, lenders and other stakeholders to assess the company’s financial health. However, it is important to note that balance sheet analysis is only one part of the overall picture of a company’s financial health and should be considered in conjunction with other financial statements, such as the profit and loss account or the cash flow statement.

Balance sheet analysis is an important part of a company’s financial planning and control. There are many reasons why one should carry out a balance sheet analysis; some of these are:

1. Monitoring the financial position: A balance sheet analysis provides companies with an overview of their financial position at a specific point in time. It enables them to track and monitor their finances over time to ensure they remain on track to achieve their financial objectives.
2. Identifying problems and risks: A balance sheet analysis can help companies identify problems and risks at an early stage. These include, for example, excessive debt, insufficient liquidity or low profitability. By identifying problems at an early stage, companies are able to react more quickly and take corrective action.
3. Decision support: A balance sheet analysis can help companies make better decisions. By having a clear understanding of their financial position, they can ensure that they use their resources wisely and achieve their financial objectives.
4. Comparability with other companies: A balance sheet analysis enables companies to compare themselves with other companies in their sector. This allows them to see how they measure up and where there is room for improvement.
5. Third-party assessment: Balance sheet analysis is a key component in the assessment of a company by third parties, such as banks, investors or credit rating agencies. A sound balance sheet analysis can help to gain the trust of these third parties and thus secure financing or investment.

It is important to note that a balance sheet analysis should not be carried out just once, but should be reviewed on a regular basis.

With the ‘Rating and Creditworthiness Analysis’ module of the Opti.Tax software, you can obtain a creditworthiness check or a comprehensive credit rating report from Creditreform – in just a few minutes and without any change of interface. These documents provide compelling arguments for credit negotiations with your bank. But Opti.Tax also offers unbeatable advantages for tax advisers: thanks to the integrated DATEV interface, master data can be retrieved in seconds. Within three minutes, details are completed, checked and submitted to Crefo along with the annual accounts.