Doppik

In the state of Rhineland-Palatinate, a new municipal budget law was introduced on 01.01.2007 (or with an option on 01.01.2009). (= municipal double-entry accounting in Rhineland-Palatinate).

This new commercial accounting system is a three-component system. Instead of the previous division into administrative and asset budgets, there are now three pillars:

• Statement of assets and liabilities (balance sheet)
  
• Profit plan or profit and loss account
  
• Financial plan or financial statement
  

The previous terms "income" and "expenses" have been replaced by the terms "income" (= income statement) and "cash inflows" (= financial statement) or "expenses" (= income statement) and "cash outflows" (= financial statement).

The new budget will be product-oriented in the future.

Statement of assets and liabilities (balance sheet)

The statement of assets and liabilities shall show the total valued assets of the municipality and the origin of the funds required for this purpose.

Profit plan/profit and loss account

The profit plan shows all expenses and income for a period. In principle, it corresponds to the commercial profit and loss account. The result changes equity as profit or loss (shown in the statement of financial position).

Finance plan/financial statement

The finance plan shows all receipts and payments for a period. The result has an impact on the balance sheet item "Cash and cash equivalents".

The municipal umbrella organizations have compiled extensive information on municipal double-entry bookkeeping in a joint project.